1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its position in Avista Co. ( NYSE:AVA – Free Report ) by 44.
0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,744 shares of the utilities provider’s stock after purchasing an additional 147,007 shares during the period. JPMorgan Chase & Co.
owned about 0.61% of Avista worth $17,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds have also recently added to or reduced their stakes in the company.
FMR LLC raised its position in shares of Avista by 4.2% in the third quarter. FMR LLC now owns 17,430 shares of the utilities provider’s stock worth $675,000 after acquiring an additional 707 shares during the period.
Captrust Financial Advisors purchased a new position in shares of Avista in the 3rd quarter valued at about $229,000. Stifel Financial Corp raised its holdings in Avista by 9.3% in the 3rd quarter.
Stifel Financial Corp now owns 77,418 shares of the utilities provider’s stock worth $3,000,000 after purchasing an additional 6,583 shares during the period. EP Wealth Advisors LLC purchased a new position in Avista during the third quarter worth approximately $221,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in Avista in the third quarter valued at approximately $222,000.
85.24% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Separately, Jefferies Financial Group reduced their target price on Avista from $40.
00 to $39.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Avista Trading Up 0.
8 % AVA stock opened at $40.45 on Friday. Avista Co.
has a 12-month low of $33.00 and a 12-month high of $43.09.
The business’s 50-day moving average is $39.22 and its 200 day moving average is $37.95.
The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 1.
05. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 16.
12, a PEG ratio of 2.56 and a beta of 0.38.
Avista ( NYSE:AVA – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
86 by ($0.02). Avista had a return on equity of 7.
83% and a net margin of 10.24%. The firm had revenue of $517.
00 million during the quarter, compared to analyst estimates of $487.48 million. On average, sell-side analysts anticipate that Avista Co.
will post 2.3 EPS for the current fiscal year. Avista Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Stockholders of record on Wednesday, February 26th were paid a $0.49 dividend. This is an increase from Avista’s previous quarterly dividend of $0.
48. This represents a $1.96 annualized dividend and a dividend yield of 4.
85%. The ex-dividend date of this dividend was Wednesday, February 26th. Avista’s dividend payout ratio (DPR) is currently 86.
34%. Insider Buying and Selling In other Avista news, VP Scott J. Kinney sold 2,298 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th.
The shares were sold at an average price of $38.75, for a total value of $89,047.50.
Following the transaction, the vice president now directly owns 12,539 shares of the company’s stock, valued at $485,886.25. This trade represents a 15.
49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . 0.
96% of the stock is currently owned by company insiders. About Avista ( Free Report ) 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. Featured Articles Five stocks we like better than Avista Find and Profitably Trade Stocks at 52-Week Lows JPMorgan is a Buy, if You Can Handle The Volatility How is Compound Interest Calculated? United States Steel’s Crash: An Unmissable Buying Opportunity How to buy stock: A step-by-step guide for beginners Rocket Lab Stock: Weathering the Storm, Time for a Comeback? Want to see what other hedge funds are holding AVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avista Co.
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