2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its holdings in Avista Co. (NYSE:AVA – Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 10,343 shares of the utilities provider’s stock after acquiring an additional 1,512 shares during the period. Bank of Montreal Can’s holdings in Avista were worth $379,000 as of its most recent filing with the SEC. Other hedge funds have also bought and sold shares of the company.
Barclays PLC increased its holdings in shares of Avista by 290.6% during the third quarter. Barclays PLC now owns 137,408 shares of the utilities provider’s stock worth $5,325,000 after purchasing an additional 102,231 shares during the period.
Wilmington Savings Fund Society FSB bought a new stake in shares of Avista during the 3rd quarter valued at approximately $155,000. Principal Financial Group Inc. lifted its stake in Avista by 9.
0% in the 3rd quarter. Principal Financial Group Inc. now owns 420,527 shares of the utilities provider’s stock valued at $16,295,000 after purchasing an additional 34,829 shares during the last quarter.
Versant Capital Management Inc lifted its stake in Avista by 43.0% in the 4th 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 during the last quarter.
Finally, CWA Asset Management Group LLC acquired a new stake in Avista in the fourth quarter valued at approximately $1,672,000. 85.24% of the stock is owned by institutional investors.
Insider Buying and SellingIn other Avista news, VP Scott J. Kinney sold 2,298 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $38.
75, for a total transaction of $89,047.50. Following the completion of the transaction, the vice president now owns 12,539 shares in the company, valued at approximately $485,886.
25. This trade represents a 15.49 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by insiders.
Avista Trading Up 1.5 %AVA opened at $41.84 on Wednesday.
The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.
48. Avista Co. has a fifty-two week low of $33.
45 and a fifty-two week high of $43.09. The company’s 50 day moving average price is $39.
88 and its two-hundred day moving average price is $38.12. The firm has a market capitalization of $3.
36 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.56 and a beta of 0.
38. Avista (NYSE:AVA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $0.
84 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.02).
The business had revenue of $517.00 million during the quarter, compared to the consensus estimate of $487.48 million.
Avista had a return on equity of 7.83% and a net margin of 10.24%.
As a group, research analysts predict that Avista Co. will post 2.3 earnings per share for the current year.
Avista Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.49 per share.
This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.68%.
This is an increase from Avista’s previous quarterly dividend of $0.48. The ex-dividend date was Wednesday, February 26th.
Avista’s dividend payout ratio (DPR) is 86.34%. Analysts Set New Price TargetsSeparately, Jefferies Financial Group dropped their price target on Avista from $40.
00 to $39.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th.View Our Latest Stock Report on AvistaAvista 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 AlsoFive stocks we like better than AvistaHealth Care Stocks Explained: Why You Might Want to InvestHow to Invest in Micro-Cap Stocks Like a ProHow to Choose Top Rated StocksInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? Market Cap Calculator: How to Calculate Market CapTake-Two Interactive: A Defensive Play Set to Explode.
