Avista Corp (NYSE:AVA) Holdings Decreased by Allegis Investment Advisors LLC

Allegis Investment Advisors LLC lowered its holdings in shares of Avista Corp (NYSE:AVA) by 61.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,135 shares of the utilities provider’s stock after selling 28,615 shares during the period. Allegis Investment Advisors LLC’s holdings in Avista were worth $934,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted 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 worth $114,000 after purchasing an additional 599 shares during the period. Advisor Group Inc. lifted its position in Avista by 16.3% during the 2nd quarter. Advisor Group Inc. now owns 2,883 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 403 shares during the period. LMR Partners LLP purchased a new position in Avista during the 3rd quarter valued at about $201,000. Gibson Capital LLC purchased a new position in Avista during the 3rd quarter valued at about $207,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Avista by 34.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,225 shares of the utilities provider’s stock valued at $218,000 after acquiring an additional 1,080 shares during the period. 78.30% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on AVA. ValuEngine cut shares of Avista from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. KeyCorp reaffirmed a “hold” rating on shares of Avista in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Avista presently has a consensus rating of “Hold” and a consensus price target of $47.75.

In related news, Director R John Taylor sold 932 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $51.94, for a total transaction of $48,408.08. Following the completion of the sale, the director now directly owns 655 shares in the company, valued at $34,020.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason R. Thackston sold 1,500 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,184,998.92. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Shares of Avista Corp (AVA) opened at $49.95 on Thursday. Avista Corp has a 12 month low of $38.35 and a 12 month high of $52.83. The company has a market cap of $3,202.08, a P/E ratio of 24.13 and a beta of 0.32. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.92.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be paid a $0.3725 dividend. The ex-dividend date is Thursday, February 22nd. This is a positive change from Avista’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.98%. Avista’s payout ratio is currently 71.86%.

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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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