Avista Co. (NYSE:AVA) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Avista Co. (NYSE:AVA) by 7.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 25,606 shares of the utilities provider’s stock after buying an additional 1,698 shares during the period. Sei Investments Co.’s holdings in Avista were worth $1,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AVA. Arkadios Wealth Advisors acquired a new stake in Avista during the 2nd quarter worth $25,000. Sowell Financial Services LLC raised its holdings in shares of Avista by 41.4% during the 1st quarter. Sowell Financial Services LLC now owns 755 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 221 shares during the period. Eaton Vance Management purchased a new position in shares of Avista during the 1st quarter worth $43,000. Coldstream Capital Management Inc. purchased a new position in shares of Avista during the 1st quarter worth $218,000. Finally, HBK Sorce Advisory LLC purchased a new position in shares of Avista during the 1st quarter worth $223,000. 82.38% of the stock is currently owned by institutional investors.

In other Avista news, VP James M. Kensok sold 600 shares of the business’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $41.99, for a total transaction of $25,194.00. Following the sale, the vice president now directly owns 11,125 shares in the company, valued at $467,138.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David J. Meyer sold 1,143 shares of the business’s stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $41.93, for a total transaction of $47,925.99. Following the sale, the vice president now owns 2,454 shares in the company, valued at $102,896.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,243 shares of company stock worth $134,675. 0.94% of the stock is owned by insiders.

Several research analysts have recently commented on AVA shares. TheStreet lowered Avista from a “b” rating to a “c+” rating in a report on Tuesday, September 7th. Zacks Investment Research lowered Avista from a “hold” rating to a “sell” rating in a report on Monday, July 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $45.00.

Shares of AVA opened at $39.64 on Tuesday. The firm has a market cap of $2.76 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 3.98 and a beta of 0.61. Avista Co. has a 12-month low of $32.26 and a 12-month high of $49.14. The company’s 50-day moving average price is $42.21 and its 200 day moving average price is $44.37. The company has a current ratio of 0.41, a quick ratio of 0.31 and a debt-to-equity ratio of 0.87.

Avista (NYSE:AVA) last issued its quarterly earnings data on Tuesday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). The company had revenue of $298.26 million during the quarter, compared to analysts’ expectations of $300.04 million. Avista had a net margin of 10.78% and a return on equity of 7.15%. During the same quarter last year, the firm posted $0.26 earnings per share. Equities research analysts forecast that Avista Co. will post 2.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Thursday, August 19th were issued a $0.423 dividend. The ex-dividend date of this dividend was Wednesday, August 18th. This represents a $1.69 annualized dividend and a yield of 4.27%. Avista’s dividend payout ratio (DPR) is currently 88.95%.

Avista Company Profile

Avista Corp. is a holding company, which engages in the provision of electric and natural gas utility business. It operates through the Avista Utilities, and Alaska Electric Light and Power Company (AEL&P) segments. The Avista Utilities segment includes electric distribution and transmission, and natural gas distribution services in parts of eastern Washington, Northern Idaho, and Northeastern and Southwestern Oregon.

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Institutional Ownership by Quarter for Avista (NYSE:AVA)

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