Avista Corporation $AVA Stock Holdings Lessened by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its stake in shares of Avista Corporation (NYSE:AVA) by 79.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,839 shares of the utilities provider’s stock after selling 122,898 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Avista were worth $1,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Avista during the second quarter valued at $34,000. Bessemer Group Inc. raised its holdings in Avista by 54.8% during the 2nd quarter. Bessemer Group Inc. now owns 884 shares of the utilities provider’s stock worth $34,000 after buying an additional 313 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Avista during the first quarter valued at about $43,000. GAMMA Investing LLC lifted its stake in Avista by 48.5% during the second quarter. GAMMA Investing LLC now owns 1,360 shares of the utilities provider’s stock valued at $52,000 after buying an additional 444 shares in the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of Avista in the first quarter worth about $102,000. 85.24% of the stock is currently owned by institutional investors and hedge funds.

Avista Stock Down 0.4%

AVA opened at $41.69 on Thursday. The company has a market capitalization of $3.39 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.14 and a beta of 0.39. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 0.68. Avista Corporation has a fifty-two week low of $34.80 and a fifty-two week high of $43.09. The business has a 50-day moving average of $37.83 and a 200-day moving average of $37.97.

Avista (NYSE:AVA) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The business had revenue of $403.00 million during the quarter, compared to analysts’ expectations of $402.50 million. Avista had a return on equity of 6.86% and a net margin of 9.13%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. Avista has set its FY 2025 guidance at 2.520-2.720 EPS. Equities research analysts forecast that Avista Corporation will post 2.3 EPS for the current fiscal year.

Avista Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.49 per share. The ex-dividend date is Monday, November 24th. This represents a $1.96 annualized dividend and a dividend yield of 4.7%. Avista’s dividend payout ratio is 83.40%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho set a $42.00 price target on shares of Avista in a report on Thursday, November 6th. Jefferies Financial Group boosted their target price on shares of Avista from $40.00 to $41.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company upgraded Avista to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avista in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Avista presently has a consensus rating of “Hold” and an average price target of $40.33.

Insiders Place Their Bets

In other Avista news, SVP Bryan Alden Cox bought 3,671 shares of the stock in a transaction on Tuesday, September 16th. The shares were purchased at an average cost of $35.55 per share, with a total value of $130,504.05. Following the completion of the transaction, the senior vice president directly owned 9,989 shares of the company’s stock, valued at $355,108.95. This represents a 58.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David J. Meyer sold 1,367 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $36.72, for a total value of $50,196.24. Following the completion of the sale, the vice president directly owned 8,394 shares of the company’s stock, valued at $308,227.68. This represents a 14.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.96% of the stock is currently owned by company insiders.

Avista Profile

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.