California State Teachers Retirement System Has $5.34 Million Position in Avista Corp (NYSE:AVA)

California State Teachers Retirement System decreased its holdings in shares of Avista Corp (NYSE:AVA) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,125 shares of the utilities provider’s stock after selling 10,927 shares during the period. California State Teachers Retirement System owned about 0.16% of Avista worth $5,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of AVA. Schwab Charles Investment Management Inc. lifted its stake in shares of Avista by 18.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 463,803 shares of the utilities provider’s stock valued at $19,694,000 after buying an additional 72,115 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Avista by 54.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 21,481 shares of the utilities provider’s stock valued at $912,000 after buying an additional 7,541 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Avista by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 22,924 shares of the utilities provider’s stock valued at $973,000 after buying an additional 1,714 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Avista by 8.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the utilities provider’s stock valued at $134,000 after buying an additional 244 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Avista by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,097,400 shares of the utilities provider’s stock valued at $46,596,000 after buying an additional 12,631 shares in the last quarter. 77.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Avista Corp (AVA) opened at $51.50 on Wednesday. The company has a market cap of $3,320.00, a price-to-earnings ratio of 25.88 and a beta of 0.42. Avista Corp has a one year low of $37.78 and a one year high of $52.83. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.92.

Avista (NYSE:AVA) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Avista had a return on equity of 7.94% and a net margin of 8.86%. equities analysts forecast that Avista Corp will post 1.83 earnings per share for the current year.

A number of research firms recently weighed in on AVA. ValuEngine cut shares of Avista from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Zacks Investment Research upgraded shares of Avista from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Finally, KeyCorp restated a “hold” rating on shares of Avista in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $47.75.

In other news, VP James M. Kensok sold 4,700 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $52.01, for a total transaction of $244,447.00. Following the sale, the vice president now directly owns 12,787 shares in the company, valued at approximately $665,051.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason R. Thackston sold 1,500 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $51.58, for a total transaction of $77,370.00. Following the sale, the insider now owns 22,974 shares in the company, valued at $1,184,998.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,632 shares of company stock worth $396,130. Corporate insiders own 1.10% of the company’s stock.

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Avista 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.

Institutional Ownership by Quarter for Avista (NYSE:AVA)

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