Allegis Investment Advisors LLC boosted its position in Avista Corporation (NYSE:AVA) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 46,516 shares of the utilities provider’s stock after buying an additional 1,972 shares during the period. Allegis Investment Advisors LLC’s holdings in Avista Corporation were worth $1,975,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in AVA. Tyers Asset Management LLC raised its position in shares of Avista Corporation by 11.5% in the first quarter. Tyers Asset Management LLC now owns 2,640 shares of the utilities provider’s stock worth $103,000 after buying an additional 272 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Avista Corporation by 73.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,901 shares of the utilities provider’s stock worth $113,000 after buying an additional 1,230 shares during the period. Elkfork Partners LLC raised its position in shares of Avista Corporation by 11.5% in the first quarter. Elkfork Partners LLC now owns 3,630 shares of the utilities provider’s stock worth $142,000 after buying an additional 374 shares during the period. Meadow Creek Investment Management LLC raised its position in shares of Avista Corporation by 11.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the utilities provider’s stock worth $181,000 after buying an additional 476 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Avista Corporation during the second quarter worth $218,000. Institutional investors own 69.29% of the company’s stock.

Shares of Avista Corporation (NYSE AVA) opened at 51.92 on Wednesday. The firm has a market cap of $3.34 billion, a P/E ratio of 24.55 and a beta of 0.42. Avista Corporation has a one year low of $37.78 and a one year high of $52.83. The firm has a 50 day moving average price of $47.73 and a 200-day moving average price of $42.40.

Avista Corporation (NYSE:AVA) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.03. The firm had revenue of $314.50 million during the quarter, compared to the consensus estimate of $326.33 million. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Analysts forecast that Avista Corporation will post $1.93 earnings per share for the current year.

WARNING: This story was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/allegis-investment-advisors-llc-purchases-1972-shares-of-avista-corporation-ava/1495431.html.

A number of brokerages have recently weighed in on AVA. BidaskClub upgraded Avista Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Avista Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. BMO Capital Markets restated a “hold” rating and set a $53.00 price objective on shares of Avista Corporation in a research note on Friday, July 21st. Finally, Williams Capital lowered Avista Corporation from a “hold” rating to a “sell” rating and raised their price objective for the stock from $38.00 to $42.00 in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.75.

About Avista Corporation

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.

Want to see what other hedge funds are holding AVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avista Corporation (NYSE:AVA).

Institutional Ownership by Quarter for Avista Corporation (NYSE:AVA)

Receive News & Ratings for Avista Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.