TD Asset Management Inc. Has $1.41 Million Stake in Avista Corp (AVA)

TD Asset Management Inc. reduced its stake in shares of Avista Corp (NYSE:AVA) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,216 shares of the utilities provider’s stock after selling 21,155 shares during the quarter. TD Asset Management Inc.’s holdings in Avista were worth $1,409,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Riverhead Capital Management LLC grew its position in shares of Avista by 38.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,498 shares of the utilities provider’s stock worth $106,000 after buying an additional 698 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Avista by 28.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 599 shares during the period. Advisor Group Inc. grew its position in shares of Avista by 16.3% in the 2nd quarter. Advisor Group Inc. now owns 2,883 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 403 shares during the period. CWH Capital Management Inc. acquired a new position in shares of Avista in the 2nd quarter valued at approximately $132,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Avista by 8.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the utilities provider’s stock valued at $134,000 after purchasing an additional 244 shares during the period. Institutional investors own 77.35% of the company’s stock.

In other news, VP Kevin J. Christie sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $51.81, for a total transaction of $25,905.00. Following the sale, the vice president now owns 1,992 shares in the company, valued at approximately $103,205.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director R John Taylor sold 932 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $51.94, for a total value of $48,408.08. Following the sale, the director now owns 655 shares in the company, valued at approximately $34,020.70. The disclosure for this sale can be found here. In the last quarter, insiders have bought 173,000 shares of company stock worth $47,980 and have sold 6,132 shares worth $318,760. Corporate insiders own 1.10% of the company’s stock.

AVA has been the subject of several research analyst reports. Zacks Investment Research lowered Avista from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. KeyCorp reiterated a “hold” rating on shares of Avista in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Avista currently has a consensus rating of “Hold” and an average target price of $47.75.

Shares of Avista Corp (NYSE AVA) opened at $51.58 on Tuesday. Avista Corp has a 12 month low of $37.78 and a 12 month high of $52.83. The stock has a market capitalization of $3,323.82, a P/E ratio of 25.05 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.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 30th. Avista’s dividend payout ratio is currently 71.86%.

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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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