MetLife Investment Advisors LLC lifted its stake in shares of Avista Corp (NYSE:AVA) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,836 shares of the utilities provider’s stock after buying an additional 1,164 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Avista were worth $1,571,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Everence Capital Management Inc. raised its holdings in shares of 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 during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Avista during the 1st quarter valued at about $338,000. Tower Research Capital LLC TRC raised its holdings in shares of Avista by 91.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,422 shares of the utilities provider’s stock valued at $338,000 after buying an additional 3,074 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Avista during the 1st quarter valued at about $355,000. Finally, S. Muoio & CO. LLC raised its holdings in shares of Avista by 60.0% during the 2nd quarter. S. Muoio & CO. LLC now owns 8,000 shares of the utilities provider’s stock valued at $421,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 76.41% of the company’s stock.
In other Avista news, insider Jason R. Thackston sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $50.55, for a total transaction of $101,100.00. Following the completion of the sale, the insider now owns 27,244 shares in the company, valued at approximately $1,377,184.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David J. Meyer sold 2,956 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $51.29, for a total value of $151,613.24. Following the sale, the vice president now owns 2,411 shares of the company’s stock, valued at approximately $123,660.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,436 shares of company stock valued at $431,456. 1.10% of the stock is owned by insiders.
Shares of NYSE:AVA opened at $50.59 on Wednesday. The stock has a market cap of $3.31 billion, a P/E ratio of 25.87 and a beta of 0.18. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 1.09. Avista Corp has a one year low of $47.50 and a one year high of $52.91.
Avista (NYSE:AVA) last announced its earnings results on Wednesday, August 1st. The utilities provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Avista had a return on equity of 7.39% and a net margin of 7.90%. The business had revenue of $319.30 million for the quarter. During the same quarter in the previous year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. equities analysts forecast that Avista Corp will post 2.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were paid a dividend of $0.3725 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.49 dividend on an annualized basis and a yield of 2.95%. Avista’s dividend payout ratio (DPR) 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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