2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. grew its position in shares of Avista Co. ( NYSE:AVA – Free Report ) by 11.
8% during the 4th quarter, Holdings Channel.com reports. The firm owned 297,117 shares of the utilities provider’s stock after acquiring an additional 31,406 shares during the period.
Envestnet Asset Management Inc.’s holdings in Avista were worth $10,883,000 at the end of the most recent reporting period. A number of other large investors also recently modified their holdings of AVA.
Charles Schwab Investment Management Inc. raised its stake in shares of Avista by 2.0% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,253,280 shares of the utilities provider’s stock worth $45,908,000 after acquiring an additional 24,981 shares in the last quarter. Vanguard Group Inc.
raised its position in Avista by 3.3% in the 4th quarter. Vanguard Group Inc.
now owns 10,260,857 shares of the utilities provider’s stock worth $375,855,000 after purchasing an additional 327,535 shares during the period. Proficio Capital Partners LLC bought a new stake in Avista in the fourth quarter worth $561,000. Raymond James Financial Inc.
purchased a new stake in Avista during the fourth quarter valued at about $1,007,000. Finally, A. D.
Beadell Investment Counsel Inc. bought a new position in shares of Avista during the fourth quarter valued at about $1,340,000. 85.
24% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling In related news, VP Scott J. Kinney sold 2,298 shares of the stock in a transaction dated Thursday, March 6th.
The shares were sold at an average price of $38.75, for a total value of $89,047.50.
Following the completion of the transaction, the vice president now directly owns 12,539 shares of the company’s stock, valued at $485,886.25. This represents a 15.
49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . 0.
96% of the stock is currently owned by insiders. Avista Trading Up 0.5 % Avista ( NYSE:AVA – Get Free Report ) last posted its earnings results on Wednesday, February 26th.
The utilities provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.
02). The firm had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $487.
48 million. Avista had a return on equity of 7.83% and a net margin of 10.
24%. On average, research analysts anticipate that Avista Co. will post 2.
3 EPS for the current year. Avista Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 26th were issued a dividend of $0.
49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.
69%. The ex-dividend date was Wednesday, February 26th. This is an increase from Avista’s previous quarterly dividend of $0.
48. Avista’s dividend payout ratio is currently 86.34%.
Analyst Upgrades and Downgrades Separately, Jefferies Financial Group dropped their target price on Avista from $40.00 to $39.00 and set a “hold” rating for the company in a report on Tuesday, January 28th.
View Our Latest Stock Report on Avista 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.
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