GSA Capital Partners LLP purchased a new position in shares of Avista Corporation (NYSE:AVA – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 30,643 shares of the utilities provider’s stock, valued at approximately $1,254,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moors & Cabot Inc. raised its position in shares of Avista by 2.5% in the 4th quarter. Moors & Cabot Inc. now owns 10,182 shares of the utilities provider’s stock worth $392,000 after acquiring an additional 251 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Avista by 3.3% during the 4th quarter. Lido Advisors LLC now owns 7,941 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 251 shares in the last quarter. Allworth Financial LP grew its stake in Avista by 14.4% during the fourth quarter. Allworth Financial LP now owns 2,020 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 255 shares during the period. EverSource Wealth Advisors LLC grew its stake in Avista by 14.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,279 shares of the utilities provider’s stock worth $88,000 after purchasing an additional 283 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in Avista by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,621 shares of the utilities provider’s stock worth $718,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.
Analysts Set New Price Targets
AVA has been the topic of several research analyst reports. Barclays cut their target price on shares of Avista from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Wells Fargo & Company set a $39.00 price objective on shares of Avista in a report on Tuesday, April 21st. Mizuho increased their price objective on shares of Avista from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research raised Avista from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings raised Avista from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.25.
Avista Stock Down 0.4%
AVA opened at $38.99 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 0.69. The company’s 50-day moving average is $40.75 and its 200 day moving average is $40.89. Avista Corporation has a fifty-two week low of $35.50 and a fifty-two week high of $43.50. The firm has a market capitalization of $3.27 billion, a P/E ratio of 14.08, a PEG ratio of 3.67 and a beta of 0.25.
Avista (NYSE:AVA – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.43 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $426.93 million. During the same period in the previous year, the company 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. Research analysts expect that Avista Corporation will post 2.58 earnings per share for the current fiscal year.
Avista Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.4925 per share. The ex-dividend date of this dividend 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 currently 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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