denkapparat Operations GmbH Acquires New Holdings in Avista Corporation $AVA

denkapparat Operations GmbH bought a new position in Avista Corporation (NYSE:AVA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 8,850 shares of the utilities provider’s stock, valued at approximately $336,000.

Several other hedge funds have also modified their holdings of AVA. Envestnet Asset Management Inc. boosted its holdings in shares of Avista by 11.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 331,166 shares of the utilities provider’s stock valued at $13,866,000 after buying an additional 34,049 shares in the last quarter. Cerity Partners LLC purchased a new stake in Avista during the first quarter valued at approximately $222,000. Xponance Inc. boosted its stake in Avista by 5.5% in the first quarter. Xponance Inc. now owns 5,934 shares of the utilities provider’s stock valued at $248,000 after acquiring an additional 307 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in Avista by 19.2% in the first quarter. Mutual of America Capital Management LLC now owns 134,580 shares of the utilities provider’s stock worth $5,635,000 after purchasing an additional 21,654 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Avista by 8.4% in the first quarter. Victory Capital Management Inc. now owns 388,727 shares of the utilities provider’s stock worth $16,276,000 after purchasing an additional 30,271 shares during the last quarter. 85.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Avista Stock Down 0.4%

NYSE:AVA opened at $41.69 on Thursday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 18.78, a PEG ratio of 2.14 and a beta of 0.39. Avista Corporation has a 1-year low of $34.80 and a 1-year high of $43.09. The company’s fifty day moving average price is $37.83 and its 200-day moving average price is $37.97. 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 (NYSE:AVA) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The company had revenue of $403.00 million during the quarter, compared to the consensus estimate of $402.50 million. Avista had a net margin of 9.13% and a return on equity of 6.86%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. Avista has set its FY 2025 guidance at 2.520-2.720 EPS. As a group, equities research analysts anticipate that Avista Corporation will post 2.3 EPS for the current year.

Avista Dividend Announcement

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

Insider Activity

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