Dimensional Fund Advisors LP Buys 1,223 Shares of Avista Corp (AVA)
Dimensional Fund Advisors LP lifted its stake in Avista Corp (NYSE:AVA) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,341,637 shares of the utilities provider’s stock after buying an additional 1,223 shares during the period. Dimensional Fund Advisors LP owned approximately 2.08% of Avista worth $69,456,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in shares of Avista by 38.8% in the second quarter. Riverhead Capital Management LLC now owns 2,498 shares of the utilities provider’s stock valued at $106,000 after buying an additional 698 shares during the period. PNC Financial Services Group Inc. lifted its stake in Avista by 28.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 599 shares during the last quarter. Advisor Group Inc. lifted its stake in Avista by 16.3% during the second quarter. Advisor Group Inc. now owns 2,883 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 403 shares during the last quarter. CWH Capital Management Inc. bought a new stake in Avista during the second quarter worth $132,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Avista by 8.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the utilities provider’s stock worth $134,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 77.33% of the company’s stock.
Several equities research analysts have weighed in on AVA shares. Zacks Investment Research cut Avista from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. KeyCorp restated a “hold” rating on shares of Avista in a research note on Friday, October 20th. Finally, ValuEngine cut Avista from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Avista presently has an average rating of “Hold” and a consensus target price of $47.75.
Avista Corp (NYSE AVA) opened at $51.53 on Thursday. The stock has a market cap of $3,320.00, a price-to-earnings ratio of 25.89 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.37 and a current ratio of 0.47. Avista Corp has a 1-year low of $37.78 and a 1-year high of $52.83.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.3575 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.43 annualized dividend and a dividend yield of 2.78%. Avista’s dividend payout ratio (DPR) is presently 71.86%.
In other news, insider Jason R. Thackston sold 1,500 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $51.58, for a total transaction of $77,370.00. Following the completion of the transaction, the insider now directly owns 22,974 shares in the company, valued at $1,184,998.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James M. Kensok sold 4,700 shares of the company’s stock in a transaction 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 owns 12,787 shares of the company’s stock, valued at $665,051.87. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 116,000 shares of company stock valued at $32,080 and have sold 7,632 shares valued at $396,130. 1.10% of the stock is currently owned by corporate insiders.
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Avista Company Profile
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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