California Public Employees Retirement System lifted its stake in shares of Avista Corp (NYSE:AVA) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 158,171 shares of the utilities provider’s stock after buying an additional 5,591 shares during the period. California Public Employees Retirement System owned about 0.25% of Avista worth $8,189,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AVA. Magnetar Financial LLC acquired a new stake in Avista in the third quarter valued at $142,309,000. JPMorgan Chase & Co. increased its holdings in Avista by 136.9% in the third quarter. JPMorgan Chase & Co. now owns 1,605,798 shares of the utilities provider’s stock valued at $82,891,000 after purchasing an additional 928,010 shares during the period. Allianz Asset Management GmbH increased its holdings in Avista by 157.3% in the third quarter. Allianz Asset Management GmbH now owns 613,299 shares of the utilities provider’s stock valued at $31,751,000 after purchasing an additional 374,970 shares during the period. ARP Americas LLC acquired a new stake in Avista in the third quarter valued at $16,595,000. Finally, State of Wisconsin Investment Board acquired a new stake in Avista in the third quarter valued at $14,734,000. Institutional investors own 77.33% of the company’s stock.

Shares of Avista Corp (AVA) opened at $51.49 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market cap of $3,316.74, a price-to-earnings ratio of 25.87 and a beta of 0.42. Avista Corp has a 1 year low of $37.78 and a 1 year high of $52.83.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.3575 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.43 dividend on an annualized basis and a yield of 2.78%. Avista’s dividend payout ratio (DPR) is currently 71.86%.

AVA has been the subject of a number of recent research reports. ValuEngine downgraded Avista from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. KeyCorp restated a “hold” rating on shares of Avista in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded Avista from a “sell” rating to a “hold” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.75.

In other Avista news, Director R John Taylor sold 932 shares of the company’s stock in a transaction on 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 owns 655 shares of the company’s stock, valued at $34,020.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James M. Kensok sold 4,700 shares of the company’s stock in a transaction on 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 directly owns 12,787 shares in the company, valued at approximately $665,051.87. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 116,000 shares of company stock worth $32,080 and have sold 7,632 shares worth $396,130. Corporate insiders own 1.10% of the company’s stock.

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Avista 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.

Institutional Ownership by Quarter for Avista (NYSE:AVA)

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