Segall Bryant & Hamill LLC acquired a new position in shares of Avista Co. (NYSE:AVA - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 150,653 shares of the utilities provider's stock, valued at approximately $5,838,000. Segall Bryant & Hamill LLC owned about 0.19% of Avista at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gamco Investors INC. ET AL increased its position in shares of Avista by 44.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 269,120 shares of the utilities provider's stock worth $9,425,000 after purchasing an additional 82,500 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Avista by 109.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,015 shares of the utilities provider's stock valued at $1,177,000 after acquiring an additional 17,784 shares in the last quarter. SG Americas Securities LLC grew its position in Avista by 383.0% in the 2nd quarter. SG Americas Securities LLC now owns 27,941 shares of the utilities provider's stock valued at $967,000 after acquiring an additional 22,156 shares in the last quarter. Principal Financial Group Inc. grew its position in Avista by 9.0% in the 3rd quarter. Principal Financial Group Inc. now owns 420,527 shares of the utilities provider's stock valued at $16,295,000 after acquiring an additional 34,829 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Avista in the 2nd quarter valued at about $5,638,000. 85.24% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Bank of America began coverage on Avista in a research report on Thursday, September 12th. They issued an "underperform" rating and a $37.00 target price for the company.
Check Out Our Latest Report on AVA
Avista Stock Up 0.2 %
Shares of Avista stock traded up $0.09 on Friday, reaching $39.13. 348,465 shares of the company were exchanged, compared to its average volume of 517,385. Avista Co. has a 1-year low of $31.91 and a 1-year high of $39.99. The company has a market cap of $3.10 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 4.24 and a beta of 0.47. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.48. The stock's 50 day moving average price is $37.98 and its 200-day moving average price is $37.32.
Avista (NYSE:AVA - Get Free Report) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.10. The firm had revenue of $383.70 million during the quarter, compared to analysts' expectations of $389.29 million. Avista had a return on equity of 7.83% and a net margin of 10.24%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, equities analysts forecast that Avista Co. will post 2.36 EPS for the current year.
Avista Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Tuesday, November 26th. Avista's dividend payout ratio is currently 75.70%.
Insider Buying and Selling at Avista
In other news, VP David J. Meyer sold 2,400 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $38.32, for a total value of $91,968.00. Following the transaction, the vice president now owns 5,436 shares of the company's stock, valued at approximately $208,307.52. The trade was a 30.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by company insiders.
About Avista
(
Free Report)
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
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