Harbor Capital Advisors Inc. Has $2.96 Million Stock Position in Avista Co. (NYSE:AVA)

Harbor Capital Advisors Inc. raised its position in Avista Co. (NYSE:AVA) by 29.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,747 shares of the utilities provider’s stock after acquiring an additional 16,042 shares during the period. Harbor Capital Advisors Inc. owned about 0.09% of Avista worth $2,962,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC raised its holdings in Avista by 2,474.1% in the 4th quarter. Headlands Technologies LLC now owns 695 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 668 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Avista by 117.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 858 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 464 shares in the last quarter. Allworth Financial LP raised its holdings in Avista by 296.7% in the 4th quarter. Allworth Financial LP now owns 956 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 715 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Avista by 45.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,462 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 456 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Avista by 168.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the utilities provider’s stock valued at $89,000 after acquiring an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.

Avista Trading Up 0.4%

Avista stock opened at $37.93 on Thursday. The business has a 50 day moving average price of $39.72 and a two-hundred day moving average price of $38.49. 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 stock has a market cap of $3.06 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.56 and a beta of 0.41. Avista Co. has a 12 month low of $33.45 and a 12 month high of $43.09.

Avista (NYSE:AVA) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.07). Avista had a net margin of 10.24% and a return on equity of 7.83%. The company had revenue of $603.00 million during the quarter, compared to the consensus estimate of $636.30 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Avista Co. will post 2.3 EPS for the current year.

Avista Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, May 13th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.96 annualized dividend and a dividend yield of 5.17%. Avista’s dividend payout ratio is currently 83.76%.

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.