SG Americas Securities LLC decreased its position in Avista Corp (NYSE:AVA) by 80.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 19,878 shares of the utilities provider’s stock after selling 79,617 shares during the period. SG Americas Securities LLC’s holdings in Avista were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Wetherby Asset Management Inc. acquired a new position in shares of Avista in the 1st quarter worth approximately $205,000. Everence Capital Management Inc. raised its holdings in shares of Avista by 21.2% in the 2nd quarter. Everence Capital Management Inc. now owns 6,110 shares of the utilities provider’s stock worth $322,000 after buying an additional 1,070 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Avista in the 1st quarter worth approximately $338,000. Cubist Systematic Strategies LLC acquired a new position in shares of Avista in the 1st quarter worth approximately $355,000. Finally, HRT Financial LLC acquired a new position in shares of Avista in the 1st quarter worth approximately $431,000. 76.30% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Heidi B. Stanley sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $51.40, for a total transaction of $154,200.00. Following the sale, the director now directly owns 13,839 shares in the company, valued at approximately $711,324.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason R. Thackston sold 2,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $50.55, for a total value of $101,100.00. Following the sale, the insider now owns 27,244 shares in the company, valued at $1,377,184.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,045 shares of company stock valued at $516,342. 1.10% of the stock is currently owned by insiders.
Shares of AVA opened at $51.60 on Friday. Avista Corp has a 1 year low of $47.50 and a 1 year high of $52.91. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $3.37 billion, a PE ratio of 26.34 and a beta of 0.18.
Avista (NYSE:AVA) last issued its earnings results on Wednesday, August 1st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. Avista had a return on equity of 7.39% and a net margin of 7.90%. The business had revenue of $319.30 million during the quarter. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. equities research analysts expect that Avista Corp will post 2.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a $0.3725 dividend. The ex-dividend date is Thursday, August 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.89%. Avista’s payout ratio is presently 76.41%.
Avista Corporation operates as an electric and natural gas utility company. It operates through 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.
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