Avista Corporation (NYSE:AVA) Shares Bought by Aperio Group LLC

Aperio Group LLC increased its position in Avista Corporation (NYSE:AVA) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,837 shares of the utilities provider’s stock after buying an additional 9,647 shares during the period. Aperio Group LLC owned 0.17% of Avista Corporation worth $4,749,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AVA. Tyers Asset Management LLC boosted its position in Avista Corporation by 11.5% in the first quarter. Tyers Asset Management LLC now owns 2,640 shares of the utilities provider’s stock worth $103,000 after buying an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Avista Corporation by 73.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,901 shares of the utilities provider’s stock worth $113,000 after buying an additional 1,230 shares during the last quarter. Elkfork Partners LLC boosted its position in Avista Corporation by 11.5% in the first quarter. Elkfork Partners LLC now owns 3,630 shares of the utilities provider’s stock worth $142,000 after buying an additional 374 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in Avista Corporation by 11.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the utilities provider’s stock worth $181,000 after buying an additional 476 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Avista Corporation during the first quarter worth $210,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Avista Corporation (NYSE:AVA) opened at 51.65 on Friday. The stock has a market cap of $3.33 billion, a P/E ratio of 24.42 and a beta of 0.42. Avista Corporation has a 12-month low of $37.78 and a 12-month high of $52.83. The company’s 50-day moving average is $48.50 and its 200-day moving average is $42.63.

Avista Corporation (NYSE:AVA) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. Avista Corporation had a net margin of 9.35% and a return on equity of 8.19%. The firm had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $326.33 million. During the same period in the prior year, the company posted $0.43 earnings per share. Avista Corporation’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts expect that Avista Corporation will post $1.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, August 29th. Avista Corporation’s dividend payout ratio is presently 67.77%.

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A number of equities research analysts have issued reports on AVA shares. Zacks Investment Research upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Friday, July 21st. Williams Capital lowered shares of Avista Corporation from a “hold” rating to a “sell” rating and increased their target price for the stock from $38.00 to $42.00 in a report on Thursday, July 20th. BidaskClub upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets restated a “hold” rating and issued a $53.00 price objective on shares of Avista Corporation in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Avista Corporation has a consensus rating of “Hold” and a consensus price target of $47.75.

About Avista Corporation

Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.

Institutional Ownership by Quarter for Avista Corporation (NYSE:AVA)

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