Trillium Asset Management LLC Has $1,608,000 Position in Avista Corp. (AVA)
Trillium Asset Management LLC increased its position in shares of Avista Corp. (NYSE:AVA) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,904 shares of the company’s stock after buying an additional 435 shares during the period. Trillium Asset Management LLC’s holdings in Avista Corp. were worth $1,608,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in Avista Corp. during the second quarter worth about $181,000. North Point Portfolio Managers Corp OH bought a new position in shares of Avista Corp. during the second quarter valued at about $206,000. C M Bidwell & Associates Ltd. bought a new position in shares of Avista Corp. during the first quarter valued at about $276,000. Boothbay Fund Management LLC bought a new position in shares of Avista Corp. during the first quarter valued at about $341,000. Finally, Eqis Capital Management Inc. increased its position in shares of Avista Corp. by 23.5% in the second quarter. Eqis Capital Management Inc. now owns 9,588 shares of the company’s stock valued at $430,000 after buying an additional 1,825 shares in the last quarter. Institutional investors own 68.07% of the company’s stock.
Avista Corp. (NYSE:AVA) traded down 0.99% during mid-day trading on Friday, reaching $39.14. 350,659 shares of the company’s stock traded hands. Avista Corp. has a 52-week low of $32.61 and a 52-week high of $45.22. The company has a 50-day moving average of $41.45 and a 200-day moving average of $41.61. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.02 and a beta of 0.40.
Avista Corp. (NYSE:AVA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.02. The company earned $234.79 million during the quarter, compared to the consensus estimate of $316.24 million. Avista Corp. had a net margin of 9.38% and a return on equity of 8.32%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. Equities research analysts expect that Avista Corp. will post $2.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.3425 dividend. This represents a $1.37 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Tuesday, August 30th. Avista Corp.’s dividend payout ratio (DPR) is presently 64.02%.
Several brokerages recently issued reports on AVA. Zacks Investment Research downgraded Avista Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Williams Capital lifted their price objective on Avista Corp. from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 22nd. Finally, BMO Capital Markets restated a “hold” rating and set a $42.00 price objective on shares of Avista Corp. in a research report on Wednesday, June 22nd.
In related news, SVP Jason R. Thackston sold 950 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $40.90, for a total transaction of $38,855.00. Following the completion of the sale, the senior vice president now directly owns 17,232 shares of the company’s stock, valued at $704,788.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Marian M. Durkin sold 3,500 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $42.56, for a total transaction of $148,960.00. Following the sale, the insider now directly owns 67,245 shares of the company’s stock, valued at $2,861,947.20. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by insiders.
About Avista Corp.
Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon.
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