Public Sector Pension Investment Board grew its stake in shares of Avista Co. (NYSE:AVA – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,551,460 shares of the utilities provider’s stock after purchasing an additional 13,445 shares during the period. Avista comprises about 0.8% of Public Sector Pension Investment Board’s holdings, making the stock its 23rd biggest holding. Public Sector Pension Investment Board’s holdings in Avista were worth $122,916,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Sei Investments Co. lifted its holdings in shares of Avista by 348.4% during the second quarter. Sei Investments Co. now owns 89,908 shares of the utilities provider’s stock valued at $3,112,000 after purchasing an additional 69,857 shares during the last quarter. Benjamin Edwards Inc. raised its position in Avista by 23.7% during the second quarter. Benjamin Edwards Inc. now owns 14,891 shares of the utilities provider’s stock valued at $515,000 after buying an additional 2,855 shares during the period. Intech Investment Management LLC acquired a new position in Avista during the second quarter valued at $462,000. XTX Topco Ltd acquired a new position in Avista during the second quarter valued at $276,000. Finally, Moors & Cabot Inc. raised its position in Avista by 4.0% during the second quarter. Moors & Cabot Inc. now owns 10,031 shares of the utilities provider’s stock valued at $347,000 after buying an additional 390 shares during the period. 85.24% of the stock is owned by hedge funds and other institutional investors.
Avista Stock Down 0.1 %
NYSE:AVA opened at $38.31 on Monday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 3.37 and a beta of 0.47. Avista Co. has a 1-year low of $30.53 and a 1-year high of $39.99. The company has a current ratio of 0.88, a quick ratio of 0.60 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average price is $38.36 and its 200 day moving average price is $36.36.
Avista Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 22nd were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.96%. The ex-dividend date was Thursday, August 22nd. Avista’s payout ratio is currently 78.84%.
Analyst Upgrades and Downgrades
Separately, Bank of America began coverage on Avista in a research report on Thursday, September 12th. They set an “underperform” rating and a $37.00 price target on the stock.
Get Our Latest Analysis on Avista
Insiders Place Their Bets
In other news, VP David J. Meyer sold 2,400 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $38.32, for a total transaction of $91,968.00. Following the transaction, the vice president now owns 5,436 shares of the company’s stock, valued at approximately $208,307.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.
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.
Read More
- Five stocks we like better than Avista
- The How And Why of Investing in Oil Stocks
- See Why Oracle’s Cloud Infrastructure Growth Demands Attention
- The 3 Best Retail Stocks to Shop for in August
- Darden Restaurants Is on the Verge of a Significant Breakout
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Onsemi Could Be Set Up For a Solid Rebound: Here’s Why
Want to see what other hedge funds are holding AVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avista Co. (NYSE:AVA – Free Report).
Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter.