Dean Investment Associates LLC continued to hold its position in Avista Corporation (NYSE:AVA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,034 shares of the utilities provider’s stock at the close of the 2nd quarter. Dean Investment Associates LLC owned 0.19% of Avista Corporation worth $4,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in AVA. Bank of Montreal Can increased its position in Avista Corporation by 81.5% during the 1st quarter. Bank of Montreal Can now owns 46,880 shares of the utilities provider’s stock valued at $1,830,000 after purchasing an additional 21,044 shares during the period. Glen Harbor Capital Management LLC grew its position in shares of Avista Corporation by 11.5% during the 1st quarter. Glen Harbor Capital Management LLC now owns 5,610 shares of the utilities provider’s stock worth $219,000 after buying an additional 578 shares during the period. Russell Investments Group Ltd. grew its position in shares of Avista Corporation by 141.3% during the 1st quarter. Russell Investments Group Ltd. now owns 37,033 shares of the utilities provider’s stock worth $1,445,000 after buying an additional 21,685 shares during the period. Wells Fargo & Company MN grew its position in shares of Avista Corporation by 0.7% during the 1st quarter. Wells Fargo & Company MN now owns 145,207 shares of the utilities provider’s stock worth $5,669,000 after buying an additional 1,073 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Avista Corporation by 6.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 90,656 shares of the utilities provider’s stock worth $3,537,000 after buying an additional 5,555 shares during the period. 69.68% of the stock is owned by institutional investors and hedge funds.

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Shares of Avista Corporation (NYSE AVA) traded up 0.04% during mid-day trading on Wednesday, hitting $51.41. 195,872 shares of the stock traded hands. Avista Corporation has a 52 week low of $37.78 and a 52 week high of $52.83. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 24.31 and a beta of 0.45. The firm’s 50-day moving average is $51.98 and its 200-day moving average is $44.06.

Avista Corporation (NYSE:AVA) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). The firm had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $326.33 million. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. Avista Corporation’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. On average, analysts forecast that Avista Corporation will post $1.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.3575 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.43 annualized dividend and a yield of 2.78%. Avista Corporation’s payout ratio is 67.77%.

AVA has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price objective on shares of Avista Corporation in a research report on Friday, July 21st. Zacks Investment Research raised shares of Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, July 21st. BidaskClub raised shares of Avista Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Finally, Williams Capital downgraded shares of Avista Corporation from a “hold” rating to a “sell” rating and raised their price objective for the stock from $38.00 to $42.00 in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Avista Corporation currently has an average rating of “Hold” and an average price target of $47.75.

About Avista Corporation

Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.

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Institutional Ownership by Quarter for Avista Corporation (NYSE:AVA)

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