Equities researchers at StockNews.com initiated coverage on shares of Avista (NYSE:AVA – Get Rating) in a report released on Thursday. The firm set a “sell” rating on the utilities provider’s stock.
Several other equities research analysts have also commented on AVA. TheStreet upgraded Avista from a “c+” rating to a “b-” rating in a research report on Wednesday, February 22nd. Mizuho lowered Avista from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $45.00 to $38.00 in a research report on Thursday, February 9th.
Avista Trading Up 0.1 %
Avista stock opened at $41.37 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.00. Avista has a 12 month low of $35.72 and a 12 month high of $46.60. The stock’s 50 day simple moving average is $41.27 and its two-hundred day simple moving average is $40.66. The firm has a market cap of $3.10 billion, a PE ratio of 19.51, a P/E/G ratio of 3.36 and a beta of 0.49.
In other news, VP Bryan Alden Cox sold 2,542 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $41.30, for a total transaction of $104,984.60. Following the transaction, the vice president now owns 4,698 shares in the company, valued at approximately $194,027.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVA. Delta Asset Management LLC TN acquired a new stake in shares of Avista in the 4th quarter worth $27,000. Quadrant Capital Group LLC increased its stake in shares of Avista by 377.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 830 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 656 shares during the last quarter. Capital Wealth Alliance LLC acquired a new stake in shares of Avista in the 2nd quarter worth $39,000. Lazard Asset Management LLC increased its stake in shares of Avista by 178.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,540 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 986 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Avista in the 4th quarter worth $73,000. Hedge funds and other institutional investors own 82.92% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Avista (AVA)
- Meta Platforms: Efficiency Gains Momentum, Stock Accelerates
- Pfizer’s Latest Acquisition Strengthens the Case for PFE Stock
- SentinelOne: Reversal In-Play For Cybersecurity Stocks
- Is Sportradar Group A Growth Stock To Bet On In 2023?
- Strong Guidance says Boeing is Ready for Takeoff
Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter.