2 weeks Ago By ABMN Staff
Advisory Services Network LLC acquired a new stake in shares of Avista Co. ( NYSE:AVA – Free Report ) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,866 shares of the utilities provider’s stock, valued at approximately $215,000.
Several other large investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC increased its holdings in shares of Avista by 2,474.1% in the fourth quarter.
Headlands Technologies LLC now owns 695 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 668 shares during the period. Smartleaf Asset Management LLC increased its stake in 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. Allworth Financial LP boosted its position in shares of Avista by 296.7% during the 4th quarter.
Allworth Financial LP now owns 956 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 715 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings 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 purchasing an additional 456 shares in the last quarter.
Finally, Versant Capital Management Inc raised its stake in Avista by 43.0% in the fourth quarter. Versant Capital Management Inc now owns 1,723 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 518 shares in the last quarter.
Institutional investors own 85.24% of the company’s stock. Avista Price Performance Shares of Avista stock opened at $41.
80 on Friday. The firm has a market capitalization of $3.36 billion, a PE ratio of 16.
65, a price-to-earnings-growth ratio of 2.56 and a beta of 0.38.
The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 1.
05. Avista Co. has a 12 month low of $33.
45 and a 12 month high of $43.09. The business’s 50-day moving average price is $39.
70 and its 200-day moving average price is $38.07. Avista Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th.
Stockholders of record on Wednesday, February 26th were paid a dividend of $0.49 per share. This is a boost from Avista’s previous quarterly dividend of $0.
48. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.
69%. The ex-dividend date of this dividend was Wednesday, February 26th. Avista’s dividend payout ratio (DPR) is 86.
34%. Insider Activity In other news, VP Scott J. Kinney sold 2,298 shares of the stock in a transaction that occurred on Thursday, March 6th.
The stock was sold at an average price of $38.75, for a total transaction 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 approximately $485,886.25. This represents a 15.
49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . 0.
96% of the stock is currently owned by corporate insiders. Analyst Ratings Changes 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 note on Tuesday, January 28th. Check Out Our Latest Stock Report on AVA 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. See Also Want to see what other hedge funds are holding AVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avista Co.
( NYSE:AVA – Free Report ). Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter .
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