Nuance Investments LLC purchased a new stake in Avista Corporation (NYSE:AVA – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 289,030 shares of the utilities provider’s stock, valued at approximately $11,824,000. Avista makes up 2.0% of Nuance Investments LLC’s portfolio, making the stock its 15th largest position.
Other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Avista by 5.3% during the first quarter. Royal Bank of Canada now owns 65,494 shares of the utilities provider’s stock worth $2,741,000 after acquiring an additional 3,296 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Avista by 11.1% during the first quarter. AQR Capital Management LLC now owns 69,831 shares of the utilities provider’s stock worth $2,924,000 after purchasing an additional 6,967 shares during the period. United Services Automobile Association acquired a new stake in shares of Avista during the first quarter worth about $201,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Avista by 26.0% during the first 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 during the period. Finally, Strs Ohio bought a new position in shares of Avista during the 1st quarter valued at about $134,000. Institutional investors own 85.24% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on AVA shares. Barclays decreased their price objective on Avista from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings raised shares of Avista from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Mizuho upped their price target on shares of Avista from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Avista from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company set a $39.00 price objective on shares of Avista in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Avista currently has a consensus rating of “Hold” and a consensus price target of $39.25.
Avista Stock Performance
Shares of AVA stock opened at $38.99 on Tuesday. Avista Corporation has a 12 month low of $35.50 and a 12 month high of $43.50. The company’s fifty day simple moving average is $40.75 and its 200-day simple moving average is $40.89. The firm has a market cap of $3.27 billion, a PE ratio of 14.08, a P/E/G ratio of 3.67 and a beta of 0.25. The company has a quick ratio of 0.69, a current ratio of 1.10 and a debt-to-equity ratio of 1.08.
Avista (NYSE:AVA – Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. Avista had a net margin of 11.83% and a return on equity of 7.85%. The business had revenue of $413.00 million during the quarter, compared to the consensus estimate of $426.93 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Avista has set its FY 2026 guidance at 2.520-2.720 EPS. Equities research analysts expect that Avista Corporation will post 2.58 EPS for the current fiscal year.
Avista Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, August 18th will be issued a $0.4925 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.97 annualized dividend and a dividend yield of 5.1%. Avista’s dividend payout ratio (DPR) is presently 71.12%.
Avista Profile
Avista Corporation operates as an integrated energy company providing electric and natural gas delivery services to residential, commercial and industrial customers in the Pacific Northwest. Through its regulated utility operations, the company maintains and upgrades an extensive transmission and distribution network, delivering reliable energy to approximately 400,000 electric customers and 324,000 natural gas customers across Washington, Oregon and Idaho. In addition to its core utility business, Avista invests in owned generation assets, including hydroelectric, natural gas–fired, coal and wind facilities, to support system reliability and long-term supply planning.
Founded in 1889 as the Spokane and Inland Empire Water Power Company, the business adopted the Avista name in 1999 to reflect its growing energy portfolio and strategic focus on innovation.
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