Intech Investment Management LLC Has $3.50 Million Stock Position in Avista Corporation $AVA

Intech Investment Management LLC lessened its stake in shares of Avista Corporation (NYSE:AVA) by 21.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,481 shares of the utilities provider’s stock after selling 22,341 shares during the period. Intech Investment Management LLC owned about 0.10% of Avista worth $3,495,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Avista by 8,222.6% during the first quarter. Jane Street Group LLC now owns 502,354 shares of the utilities provider’s stock valued at $21,034,000 after acquiring an additional 496,318 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Avista by 26.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 283,182 shares of the utilities provider’s stock worth $11,857,000 after purchasing an additional 58,504 shares in the last quarter. Dean Capital Management lifted its holdings in shares of Avista by 69.9% in the first quarter. Dean Capital Management now owns 47,995 shares of the utilities provider’s stock valued at $2,010,000 after purchasing an additional 19,746 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Avista in the first quarter valued at $201,000. Finally, Caxton Associates LLP acquired a new stake in shares of Avista in the first quarter worth $722,000. 85.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP David J. Meyer sold 1,367 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.72, for a total transaction of $50,196.24. Following the transaction, the vice president directly owned 8,394 shares in the company, valued at $308,227.68. The trade was a 14.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is owned by company insiders.

Avista Stock Down 0.1%

NYSE:AVA opened at $36.39 on Friday. The business’s fifty day moving average price is $37.20 and its 200 day moving average price is $38.69. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.41 and a beta of 0.41. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Avista Corporation has a 1-year low of $34.80 and a 1-year high of $43.09.

Avista (NYSE:AVA) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.11). The business had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $416.06 million. Avista had a net margin of 9.13% and a return on equity of 6.86%. During the same period last year, the firm earned $0.29 EPS. On average, sell-side analysts forecast that Avista Corporation will post 2.3 earnings per share for the current fiscal year.

Avista Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, August 19th will be given a $0.49 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $1.96 dividend on an annualized basis and a yield of 5.4%. Avista’s dividend payout ratio is presently 88.29%.

Avista Company Profile

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.