SG Americas Securities LLC Has $1.21 Million Position in Avista Corporation (AVA)
SG Americas Securities LLC increased its holdings in Avista Corporation (NYSE:AVA) by 243.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,350 shares of the utilities provider’s stock after purchasing an additional 16,546 shares during the quarter. SG Americas Securities LLC’s holdings in Avista were worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in AVA. Riverhead Capital Management LLC increased its position in shares of Avista by 38.8% in the second quarter. Riverhead Capital Management LLC now owns 2,498 shares of the utilities provider’s stock valued at $106,000 after acquiring an additional 698 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Avista by 28.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the utilities provider’s stock valued at $114,000 after acquiring an additional 599 shares during the period. Advisor Group Inc. increased its position in shares of Avista by 16.3% in the second quarter. Advisor Group Inc. now owns 2,883 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 403 shares during the period. CWH Capital Management Inc. purchased a new position in shares of Avista in the second quarter valued at about $132,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Avista by 8.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the utilities provider’s stock valued at $134,000 after acquiring an additional 244 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.
A number of equities analysts have issued reports on AVA shares. Zacks Investment Research cut shares of Avista from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub raised shares of Avista from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Avista in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.75.
Shares of Avista Corporation (AVA) opened at $51.94 on Thursday. The firm has a market cap of $3,349.59, a PE ratio of 25.24 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.37 and a current ratio of 0.47. Avista Corporation has a 52 week low of $37.78 and a 52 week high of $52.83.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Thursday, November 30th. Avista’s payout ratio is 71.86%.
In other news, VP James M. Kensok sold 4,700 shares of Avista stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $52.01, for a total transaction of $244,447.00. Following the sale, the vice president now owns 12,787 shares of the company’s stock, valued at approximately $665,051.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R John Taylor sold 932 shares of Avista stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $51.94, for a total transaction of $48,408.08. Following the sale, the director now directly owns 655 shares in the company, valued at approximately $34,020.70. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 173,000 shares of company stock worth $47,980 and have sold 6,132 shares worth $318,760. Insiders own 1.10% of the company’s stock.
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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.
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