Quantinno Capital Management LP Grows Position in Avista Corporation $AVA

Quantinno Capital Management LP increased its holdings in shares of Avista Corporation (NYSE:AVAFree Report) by 205.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,821 shares of the utilities provider’s stock after purchasing an additional 49,648 shares during the quarter. Quantinno Capital Management LP owned 0.09% of Avista worth $2,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in Avista by 90.7% during the fourth quarter. UMB Bank n.a. now owns 637 shares of the utilities provider’s stock worth $25,000 after buying an additional 303 shares during the period. Bayban acquired a new stake in shares of Avista during the fourth quarter valued at about $35,000. Headlands Technologies LLC purchased a new stake in shares of Avista in the 2nd quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new stake in shares of Avista in the 3rd quarter valued at approximately $43,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Avista by 619.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,439 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 1,239 shares during the last quarter. 85.24% of the stock is currently owned by hedge funds and other institutional investors.

Avista Price Performance

Shares of AVA opened at $38.80 on Friday. The company has a market cap of $3.25 billion, a P/E ratio of 14.01, a PEG ratio of 3.63 and a beta of 0.25. Avista Corporation has a fifty-two week low of $35.50 and a fifty-two week high of $43.50. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average price is $41.10 and its 200 day moving average price is $40.96.

Avista (NYSE:AVAGet Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.23 by $0.20. The company had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $426.93 million. Avista had a net margin of 11.83% and a return on equity of 7.85%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Avista has set its FY 2026 guidance at 2.520-2.720 EPS. On average, research analysts forecast that Avista Corporation will post 2.58 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 14th. Investors 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 dividend on an annualized basis and a yield of 5.1%. Avista’s dividend payout ratio (DPR) is 71.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AVA shares. Barclays lowered their price objective on shares of Avista from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wells Fargo & Company set a $39.00 target price on Avista in a research report on Tuesday, April 21st. Weiss Ratings upgraded Avista from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Mizuho raised their price target on Avista from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised Avista from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.25.

View Our Latest Analysis on Avista

Avista Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding AVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avista Corporation (NYSE:AVAFree Report).

Institutional Ownership by Quarter for Avista (NYSE:AVA)

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.