IndexIQ Advisors LLC bought a new stake in Avista Corporation (NYSE:AVA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 62,811 shares of the utilities provider’s stock, valued at approximately $3,252,000. IndexIQ Advisors LLC owned about 0.10% of Avista Corporation as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boyer & Corporon Wealth Management LLC acquired a new stake in Avista Corporation in the second quarter valued at approximately $2,239,000. Teacher Retirement System of Texas acquired a new stake in Avista Corporation in the second quarter valued at approximately $218,000. Legal & General Group Plc raised its position in shares of Avista Corporation by 6.1% in the second quarter. Legal & General Group Plc now owns 327,969 shares of the utilities provider’s stock valued at $13,926,000 after purchasing an additional 18,828 shares during the period. Federated Investors Inc. PA raised its position in shares of Avista Corporation by 31.5% in the second quarter. Federated Investors Inc. PA now owns 145,642 shares of the utilities provider’s stock valued at $6,184,000 after purchasing an additional 34,917 shares during the period. Finally, Rothschild Asset Management Inc. raised its position in shares of Avista Corporation by 2.7% in the second quarter. Rothschild Asset Management Inc. now owns 622,434 shares of the utilities provider’s stock valued at $26,429,000 after purchasing an additional 16,656 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

AVA has been the topic of a number of recent analyst reports. Williams Capital lowered shares of Avista Corporation from a “hold” rating to a “sell” rating and lifted their price target for the company from $38.00 to $42.00 in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Friday, July 21st. BMO Capital Markets reissued a “hold” rating and issued a $53.00 price target on shares of Avista Corporation in a research report on Friday, July 21st. BidaskClub raised shares of Avista Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Avista Corporation in a research report on Friday, October 20th. One research 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’s stock. Avista Corporation presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Shares of Avista Corporation (AVA) traded down $0.08 during trading hours on Wednesday, hitting $51.83. 22,785 shares of the stock traded hands, compared to its average volume of 420,402. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.37. The firm has a market cap of $3,337.99, a P/E ratio of 25.16 and a beta of 0.44. Avista Corporation has a 52 week low of $37.78 and a 52 week high of $52.83.

ILLEGAL ACTIVITY WARNING: “IndexIQ Advisors LLC Takes Position in Avista Corporation (AVA)” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://theolympiareport.com/2017/11/08/indexiq-advisors-llc-takes-position-in-avista-corporation-ava.html.

In other Avista Corporation news, VP Kevin J. Christie sold 500 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $51.81, for a total transaction of $25,905.00. Following the transaction, the vice president now owns 1,992 shares of the company’s stock, valued at $103,205.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James M. Kensok sold 4,700 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $52.01, for a total transaction of $244,447.00. Following the transaction, the vice president now directly owns 12,787 shares in the company, valued at approximately $665,051.87. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.

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

Receive News & Ratings for Avista Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.