23 hours Ago By Defense World Staff
Renaissance Technologies LLC acquired a new position in Avista Co. (NYSE:AVA – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,000 shares of the utilities provider’s stock, valued at approximately $1,209,000.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Avista by 3.
3% during the fourth quarter. Vanguard Group Inc. now owns 10,260,857 shares of the utilities provider’s stock valued at $375,855,000 after purchasing an additional 327,535 shares during the period.
Invesco Ltd. raised its holdings in Avista by 27.2% during the 4th quarter.
Invesco Ltd. now owns 1,283,532 shares of the utilities provider’s stock valued at $47,016,000 after buying an additional 274,270 shares during the period. Charles Schwab Investment Management Inc.
lifted its position in Avista by 2.0% in 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 buying an additional 24,981 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Avista by 16.6% during the fourth quarter.
Bank of New York Mellon Corp now owns 1,184,838 shares of the utilities provider’s stock worth $43,401,000 after buying an additional 168,648 shares during the period. Finally, Prudential Financial Inc. increased its position in Avista by 10.
2% during the fourth quarter. Prudential Financial Inc. now owns 1,019,177 shares of the utilities provider’s stock valued at $37,332,000 after acquiring an additional 94,460 shares during the last quarter.
85.24% of the stock is owned by hedge funds and other institutional investors. Avista Price PerformanceAVA opened at $41.
55 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.
75 and a debt-to-equity ratio of 1.05. The business has a fifty day moving average of $40.
30 and a 200 day moving average of $38.26. Avista Co.
has a 52-week low of $33.45 and a 52-week high of $43.09.
The stock has a market cap of $3.34 billion, a P/E ratio of 16.55, a PEG ratio of 2.
56 and a beta of 0.38. Avista (NYSE:AVA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th.
The utilities provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.
02). Avista had a return on equity of 7.83% and a net margin of 10.
24%. The company had revenue of $517.00 million during the quarter, compared to the consensus estimate of $487.
48 million. As a group, sell-side analysts anticipate that Avista Co. will post 2.
3 EPS for the current year. Avista Increases DividendThe company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 26th were issued a $0.
49 dividend. This is a positive change from Avista’s previous quarterly dividend of $0.48.
The ex-dividend date was Wednesday, February 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.
72%. Avista’s payout ratio is presently 86.34%.
Analysts Set New Price TargetsSeparately, Jefferies Financial Group dropped 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 Analysis on AvistaInsider Buying and SellingIn other Avista news, VP Scott J. Kinney sold 2,298 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $38.
75, for a total value of $89,047.50. Following the completion of the sale, the vice president now directly owns 12,539 shares in the company, valued at approximately $485,886.
25. This represents a 15.49 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by insiders.
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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