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Avista Co. (NYSE:AVA) Stock Position Reduced by Victory Capital Management Inc.

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Victory Capital Management Inc. cut its stake in shares of Avista Co. (NYSE:AVA - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 358,456 shares of the utilities provider's stock after selling 19,768 shares during the quarter. Victory Capital Management Inc. owned approximately 0.45% of Avista worth $13,130,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Keybank National Association OH lifted its position in shares of Avista by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,217 shares of the utilities provider's stock valued at $484,000 after buying an additional 508 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Avista by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,253,280 shares of the utilities provider's stock worth $45,908,000 after buying an additional 24,981 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Avista during the fourth quarter valued at approximately $176,000. SRS Capital Advisors Inc. raised its stake in shares of Avista by 45.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,462 shares of the utilities provider's stock worth $54,000 after acquiring an additional 456 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Avista by 117.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 858 shares of the utilities provider's stock worth $31,000 after acquiring an additional 464 shares during the last quarter. Institutional investors and hedge funds own 85.24% of the company's stock.

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Avista Stock Up 2.5 %

Shares of AVA stock traded up $0.97 during mid-day trading on Friday, reaching $40.00. 877,163 shares of the company's stock traded hands, compared to its average volume of 474,751. The company's 50-day moving average price is $37.48 and its 200-day moving average price is $37.67. Avista Co. has a 12 month low of $33.00 and a 12 month high of $40.23. The company has a market cap of $3.20 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.56 and a beta of 0.46. The company has a quick ratio of 0.48, a current ratio of 0.75 and a debt-to-equity ratio of 1.05.

Avista (NYSE:AVA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The utilities provider reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.02). Avista had a return on equity of 7.83% and a net margin of 10.24%. The business had revenue of $517.00 million during the quarter, compared to the consensus estimate of $487.48 million. On average, equities analysts expect that Avista Co. will post 2.3 earnings per share for the current fiscal year.

Avista Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.96 annualized dividend and a yield of 4.90%. This is a positive change from Avista's previous quarterly dividend of $0.48. Avista's dividend payout ratio (DPR) is 86.34%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price target on shares of Avista from $40.00 to $39.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th.

Read Our Latest Stock Analysis on AVA

Insider Activity

In other Avista news, VP Scott J. Kinney sold 2,298 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $38.75, for a total value of $89,047.50. Following the completion of the sale, the vice president now owns 12,539 shares of the company's stock, valued at $485,886.25. This trade represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.96% of the company's stock.

Avista Profile

(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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Institutional Ownership by Quarter for Avista (NYSE:AVA)

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