Macquarie Group Ltd. Buys Shares of 9,600 Avista Corp (AVA)

Macquarie Group Ltd. bought a new stake in shares of Avista Corp (NYSE:AVA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,600 shares of the utilities provider’s stock, valued at approximately $485,000.

A number of other hedge funds also recently modified their holdings of the stock. MetLife Investment Advisors LLC boosted its stake in shares of Avista by 54.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 46,149 shares of the utilities provider’s stock worth $2,333,000 after buying an additional 16,313 shares during the last quarter. Paloma Partners Management Co boosted its stake in shares of Avista by 74.3% in the 3rd quarter. Paloma Partners Management Co now owns 45,652 shares of the utilities provider’s stock worth $2,309,000 after buying an additional 19,467 shares during the last quarter. Pentwater Capital Management LP boosted its stake in shares of Avista by 37.4% in the 3rd quarter. Pentwater Capital Management LP now owns 1,367,721 shares of the utilities provider’s stock worth $69,152,000 after buying an additional 372,021 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Avista by 43.2% in the 3rd quarter. Renaissance Technologies LLC now owns 531,400 shares of the utilities provider’s stock worth $26,868,000 after buying an additional 160,400 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Avista by 4.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 121,786 shares of the utilities provider’s stock worth $6,158,000 after buying an additional 4,994 shares during the last quarter. Institutional investors own 80.36% of the company’s stock.

AVA has been the topic of a number of research reports. Guggenheim restated a “hold” rating and issued a $40.00 price target on shares of Avista in a research note on Friday, December 7th. Williams Capital upgraded Avista from a “sell” rating to a “hold” rating and raised their price target for the stock from $40.00 to $41.00 in a research note on Friday, January 4th. Finally, ValuEngine downgraded Avista from a “buy” rating to a “hold” rating in a research note on Friday.

AVA stock opened at $41.29 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of 21.17 and a beta of 0.45. Avista Corp has a 1 year low of $41.03 and a 1 year high of $52.91. The company has a current ratio of 0.71, a quick ratio of 0.53 and a debt-to-equity ratio of 1.09.

Avista (NYSE:AVA) last released its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The firm had revenue of $296.00 million during the quarter. Avista had a return on equity of 7.38% and a net margin of 8.31%. Avista’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 EPS. On average, equities research analysts expect that Avista Corp will post 2.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were given a dividend of $0.373 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.49 annualized dividend and a yield of 3.61%. Avista’s dividend payout ratio (DPR) is presently 76.41%.

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About Avista

Avista Corporation operates as an electric and natural gas utility company. It operates through 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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Institutional Ownership by Quarter for Avista (NYSE:AVA)

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