Advisor Group Inc. lessened its position in shares of Avista Corp (NYSE:AVA) by 44.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,546 shares of the utilities provider’s stock after selling 2,039 shares during the period. Advisor Group Inc.’s holdings in Avista were worth $109,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of Avista by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 7,006,076 shares of the utilities provider’s stock worth $354,227,000 after acquiring an additional 97,483 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Avista by 1.3% during the 3rd quarter. AQR Capital Management LLC now owns 115,966 shares of the utilities provider’s stock worth $5,863,000 after acquiring an additional 1,437 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Avista by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,006,076 shares of the utilities provider’s stock worth $354,227,000 after acquiring an additional 97,483 shares during the period. MetLife Investment Advisors LLC lifted its holdings in shares of Avista by 54.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 46,149 shares of the utilities provider’s stock worth $2,333,000 after acquiring an additional 16,313 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Avista by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 21,949 shares of the utilities provider’s stock worth $932,000 after acquiring an additional 315 shares during the period. 76.51% of the stock is owned by institutional investors.

AVA stock opened at $41.21 on Thursday. The company has a market cap of $2.70 billion, a P/E ratio of 19.53, a P/E/G ratio of 6.48 and a beta of 0.38. Avista Corp has a 1 year low of $39.75 and a 1 year high of $52.91. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.02.

Avista (NYSE:AVA) last released its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.10. The business had revenue of $372.22 million during the quarter. Avista had a net margin of 9.77% and a return on equity of 7.79%. As a group, research analysts expect that Avista Corp will post 1.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 22nd were given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 3.76%. This is a boost from Avista’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, February 21st. Avista’s dividend payout ratio is currently 73.46%.

In related news, VP David J. Meyer sold 1,437 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $41.34, for a total transaction of $59,405.58. Following the completion of the transaction, the vice president now directly owns 2,396 shares in the company, valued at approximately $99,050.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason R. Thackston sold 2,875 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $40.04, for a total transaction of $115,115.00. Following the transaction, the senior vice president now owns 27,327 shares of the company’s stock, valued at $1,094,173.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,636 shares of company stock valued at $2,070,250. 1.10% of the stock is owned by corporate insiders.

AVA has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Avista from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. ValuEngine downgraded shares of Avista from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Williams Capital upgraded shares of Avista from a “sell” rating to a “hold” rating and upped their price objective for the stock from $40.00 to $41.00 in a research report on Friday, January 4th. Guggenheim reiterated a “hold” rating and set a $38.00 price objective on shares of Avista in a research report on Friday, February 8th. Finally, TheStreet cut shares of Avista from a “b-” rating to a “c+” rating in a research report on Thursday, January 24th. Four analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $39.50.

TRADEMARK VIOLATION NOTICE: “Avista Corp (AVA) Stake Decreased by Advisor Group Inc.” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/avista-corp-ava-stake-decreased-by-advisor-group-inc/2953920.html.

Avista Company Profile

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.

Read More: Cost of Capital Explained

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

Institutional Ownership by Quarter for Avista (NYSE:AVA)

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.