Keybank National Association OH reduced its position in Avista Co. (NYSE:AVA – Free Report) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,342 shares of the utilities provider’s stock after selling 512 shares during the quarter. Keybank National Association OH’s holdings in Avista were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVA. Lazard Asset Management LLC grew its position in Avista by 178.0% in the first quarter. Lazard Asset Management LLC now owns 1,540 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 986 shares in the last quarter. Belpointe Asset Management LLC increased its stake in shares of Avista by 21.1% in the first quarter. Belpointe Asset Management LLC now owns 2,002 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 349 shares during the period. Benjamin Edwards Inc. raised its stake in Avista by 148.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,746 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 1,642 shares in the last quarter. Covestor Ltd increased its stake in Avista by 83.0% during the 1st quarter. Covestor Ltd now owns 2,492 shares of the utilities provider’s stock valued at $113,000 after buying an additional 1,130 shares during the period. Finally, FMR LLC increased its position in shares of Avista by 15.5% during the 2nd quarter. FMR LLC now owns 3,476 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 466 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AVA has been the subject of a number of research reports. Guggenheim upgraded shares of Avista from a “sell” rating to a “neutral” rating and set a $34.00 target price for the company in a report on Monday, January 22nd. StockNews.com upgraded shares of Avista from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.50.
Insider Transactions at Avista
In other news, Director Donald C. Burke sold 2,400 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $34.46, for a total value of $82,704.00. Following the transaction, the director now owns 25,605 shares of the company’s stock, valued at approximately $882,348.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.
Avista Trading Up 0.8 %
Avista stock opened at $32.90 on Friday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50. The business has a 50 day moving average price of $34.93 and a two-hundred day moving average price of $34.39. Avista Co. has a 12 month low of $30.53 and a 12 month high of $45.13. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 1.07.
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
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