FNY Investment Advisers LLC acquired a new position in Avista Corp (NYSE:AVA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,669 shares of the utilities provider’s stock, valued at approximately $185,000.
Several other large investors have also modified their holdings of the business. Everence Capital Management Inc. lifted its holdings in Avista by 21.2% during the 2nd quarter. Everence Capital Management Inc. now owns 6,110 shares of the utilities provider’s stock valued at $322,000 after buying an additional 1,070 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Avista in the 1st quarter valued at about $338,000. Tower Research Capital LLC TRC raised its holdings in shares of Avista by 91.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,422 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 3,074 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Avista in the 1st quarter valued at about $355,000. Finally, S. Muoio & CO. LLC raised its holdings in shares of Avista by 60.0% in the 2nd quarter. S. Muoio & CO. LLC now owns 8,000 shares of the utilities provider’s stock valued at $421,000 after purchasing an additional 3,000 shares in the last quarter. 77.52% of the stock is owned by institutional investors and hedge funds.
In other Avista news, Director Heidi B. Stanley sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $51.40, for a total transaction of $154,200.00. Following the sale, the director now owns 13,839 shares of the company’s stock, valued at approximately $711,324.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 3,480 shares of company stock worth $178,743. 1.10% of the stock is owned by insiders.
Shares of Avista stock traded down $0.01 on Thursday, reaching $52.42. The stock had a trading volume of 434,515 shares, compared to its average volume of 641,117. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. Avista Corp has a 1 year low of $47.50 and a 1 year high of $52.91. The company has a market cap of $3.44 billion, a P/E ratio of 26.88 and a beta of 0.14.
Avista (NYSE:AVA) last issued its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Avista had a return on equity of 7.38% and a net margin of 8.31%. The firm had revenue of $296.00 million during the quarter. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. As a group, equities research analysts forecast that Avista Corp will post 2.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, November 29th. Avista’s dividend payout ratio is presently 76.41%.
Avista Company Profile
Avista Corporation operates as an electric and natural gas utility company. It operates through 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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