Amundi Pioneer Asset Management Inc. Buys New Position in Avista Corp (AVA)

Amundi Pioneer Asset Management Inc. bought a new position in Avista Corp (NYSE:AVA) during the fourth quarter, Holdings Channel reports. The firm bought 42,808 shares of the utilities provider’s stock, valued at approximately $2,204,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Avista by 34.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,225 shares of the utilities provider’s stock worth $218,000 after buying an additional 1,080 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Avista by 6.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the utilities provider’s stock worth $1,426,000 after buying an additional 1,600 shares during the last quarter. Swiss National Bank boosted its stake in shares of Avista by 2.0% in the 4th quarter. Swiss National Bank now owns 109,700 shares of the utilities provider’s stock worth $5,648,000 after buying an additional 2,100 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Avista by 0.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 364,379 shares of the utilities provider’s stock worth $18,864,000 after buying an additional 2,130 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Avista by 1.4% in the 4th quarter. California Public Employees Retirement System now owns 160,341 shares of the utilities provider’s stock worth $8,256,000 after buying an additional 2,170 shares during the last quarter. Hedge funds and other institutional investors own 81.21% of the company’s stock.

Shares of Avista Corp (NYSE AVA) opened at $51.50 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 0.89. The company has a market cap of $3,379.84, a P/E ratio of 28.77 and a beta of 0.37. Avista Corp has a 1-year low of $38.35 and a 1-year high of $52.83.

Avista (NYSE:AVA) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $397.90 million for the quarter, compared to analysts’ expectations of $380.39 million. Avista had a net margin of 8.02% and a return on equity of 7.72%. Avista’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. analysts expect that Avista Corp will post 2.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 23rd were issued a $0.3725 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Avista’s previous quarterly dividend of $0.36. Avista’s payout ratio is 83.24%.

AVA has been the topic of a number of research analyst reports. ValuEngine downgraded Avista from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Williams Capital reaffirmed a “sell” rating and issued a $40.00 price target (down previously from $42.00) on shares of Avista in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.67.

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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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Institutional Ownership by Quarter for Avista (NYSE:AVA)

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