1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its position in Avista Co. ( NYSE:AVA – Free Report ) by 44.
0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 480,744 shares of the utilities provider’s stock after purchasing an additional 147,007 shares during the quarter. JPMorgan Chase & Co.
’s holdings in Avista were worth $17,610,000 as of its most recent SEC filing. Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc.
raised its holdings in Avista by 3.3% in the 4th quarter. Vanguard Group Inc.
now owns 10,260,857 shares of the utilities provider’s stock valued at $375,855,000 after buying an additional 327,535 shares during the period. Geode Capital Management LLC increased its position in shares of Avista by 1.5% during the third quarter.
Geode Capital Management LLC now owns 1,828,230 shares of the utilities provider’s stock valued at $70,857,000 after acquiring an additional 27,328 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Avista by 2.
0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,253,280 shares of the utilities provider’s stock valued at $45,908,000 after acquiring an additional 24,981 shares during the period.
Bank of New York Mellon Corp lifted its holdings in shares of Avista by 16.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,184,838 shares of the utilities provider’s stock worth $43,401,000 after acquiring an additional 168,648 shares during the last quarter.
Finally, Prudential Financial Inc. lifted its holdings in shares of Avista by 10.2% in the 4th quarter.
Prudential Financial Inc. now owns 1,019,177 shares of the utilities provider’s stock worth $37,332,000 after acquiring an additional 94,460 shares during the last quarter. Hedge funds and other institutional investors own 85.
24% of the company’s stock. Avista Stock Up 0.8 % Shares of NYSE:AVA opened at $40.
45 on Friday. The firm has a market capitalization of $3.25 billion, a PE ratio of 16.
12, a price-to-earnings-growth ratio of 2.56 and a beta of 0.38.
Avista Co. has a 1 year low of $33.00 and a 1 year high of $43.
09. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.
75 and a quick ratio of 0.48. The firm’s 50-day moving average is $39.
22 and its two-hundred day moving average is $37.95. Avista Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 14th.
Investors of record on Wednesday, February 26th were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, February 26th.
This is a positive change from Avista’s previous quarterly dividend of $0.48. This represents a $1.
96 dividend on an annualized basis and a yield of 4.85%. Avista’s dividend payout ratio (DPR) is 86.
34%. Analyst Ratings Changes Separately, Jefferies Financial Group cut their target price on Avista from $40.00 to $39.
00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Read Our Latest Report on Avista Insider Buying and Selling In other Avista news, VP Scott J. Kinney sold 2,298 shares of the 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 sale, the vice president now directly owns 12,539 shares of the company’s stock, valued at approximately $485,886.25. This represents a 15.
49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link . 0.
96% of the stock is currently owned by 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 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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