New York State Teachers Retirement System grew its position in shares of Avista Co. (NYSE:AVA – Get Rating) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,422 shares of the utilities provider’s stock after purchasing an additional 2,939 shares during the period. New York State Teachers Retirement System owned 0.17% of Avista worth $4,610,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of Avista by 3.8% during the 1st quarter. D.A. Davidson & CO. now owns 6,983 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 254 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Avista by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 19,396 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 266 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Avista by 2.8% during the 2nd quarter. Captrust Financial Advisors now owns 10,050 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 271 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Avista by 0.4% during the 2nd quarter. Prudential Financial Inc. now owns 77,496 shares of the utilities provider’s stock worth $3,319,000 after purchasing an additional 274 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Avista by 22.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,281 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 415 shares during the last quarter. 82.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AVA has been the topic of several recent analyst reports. KeyCorp lowered shares of Avista from a “sector weight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Tuesday, November 1st. Guggenheim cut their price objective on shares of Avista from $34.00 to $33.00 in a report on Monday, October 24th. StockNews.com upgraded shares of Avista from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Finally, Mizuho increased their price objective on shares of Avista from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, December 13th.
Avista Trading Up 0.1 %
Avista (NYSE:AVA – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The utilities provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.24). Avista had a net margin of 7.91% and a return on equity of 5.78%. The business had revenue of $359.45 million during the quarter, compared to analysts’ expectations of $310.23 million. During the same quarter in the previous year, the business posted $0.20 EPS. On average, sell-side analysts predict that Avista Co. will post 1.9 EPS for the current year.
Avista Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Friday, November 18th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, November 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.10%. Avista’s dividend payout ratio is currently 98.88%.
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.
- Get a free copy of the StockNews.com research report on Avista (AVA)
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