State of Wisconsin Investment Board acquired a new stake in shares of Avista Corporation (NYSE:AVA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 284,600 shares of the utilities provider’s stock, valued at approximately $14,734,000. State of Wisconsin Investment Board owned approximately 0.44% of Avista Corporation at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its holdings in shares of Avista Corporation by 38.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,498 shares of the utilities provider’s stock valued at $106,000 after purchasing an additional 698 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Avista Corporation by 28.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 599 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Avista Corporation by 16.3% during the 2nd quarter. Advisor Group Inc. now owns 2,883 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 403 shares in the last quarter. CWH Capital Management Inc. bought a new position in shares of Avista Corporation during the 2nd quarter valued at about $132,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Avista Corporation by 8.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the utilities provider’s stock valued at $134,000 after purchasing an additional 244 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

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Shares of Avista Corporation (AVA) opened at $51.88 on Tuesday. The company has a market capitalization of $3,341.86, a P/E ratio of 25.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.37. Avista Corporation has a 12 month low of $37.78 and a 12 month high of $52.83.

In other Avista Corporation news, VP James M. Kensok sold 4,700 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $52.01, for a total value of $244,447.00. Following the sale, the vice president now owns 12,787 shares in the company, valued at approximately $665,051.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin J. Christie sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $51.81, for a total value of $25,905.00. Following the completion of the sale, the vice president now owns 1,992 shares in the company, valued at approximately $103,205.52. The disclosure for this sale can be found here. Insiders acquired a total of 173,000 shares of company stock worth $47,980 in the last 90 days. Company insiders own 1.10% of the company’s stock.

AVA has been the topic of several recent analyst reports. Zacks Investment Research upgraded Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, July 21st. KeyCorp reiterated a “hold” rating on shares of Avista Corporation in a report on Friday, October 20th. Williams Capital cut Avista Corporation from a “hold” rating to a “sell” rating and lifted their price objective for the company from $38.00 to $42.00 in a report on Thursday, July 20th. BidaskClub upgraded Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $53.00 price objective on shares of Avista Corporation in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Avista Corporation Profile

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

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