Edgestream Partners L.P. Has $9.54 Million Stock Position in Avista Corporation $AVA

Edgestream Partners L.P. cut its holdings in shares of Avista Corporation (NYSE:AVA) by 11.5% in the 1st quarter, HoldingsChannel reports. The fund owned 237,641 shares of the utilities provider’s stock after selling 30,933 shares during the period. Edgestream Partners L.P.’s holdings in Avista were worth $9,539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Avista by 5.3% during the 1st quarter. Royal Bank of Canada now owns 65,494 shares of the utilities provider’s stock valued at $2,741,000 after purchasing an additional 3,296 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Avista by 11.1% in the first quarter. AQR Capital Management LLC now owns 69,831 shares of the utilities provider’s stock valued at $2,924,000 after purchasing an additional 6,967 shares in the last quarter. United Services Automobile Association bought a new position in shares of Avista in the first quarter valued at approximately $201,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Avista by 26.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 283,182 shares of the utilities provider’s stock valued at $11,857,000 after buying an additional 58,504 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Avista during the first quarter valued at approximately $134,000. Institutional investors and hedge funds own 85.24% of the company’s stock.

Avista Stock Performance

Shares of AVA opened at $41.47 on Thursday. The stock has a 50 day moving average of $41.37 and a 200 day moving average of $40.97. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.92 and a beta of 0.25. Avista Corporation has a 12 month low of $35.50 and a 12 month high of $43.50. The company has a current ratio of 0.90, a quick ratio of 0.60 and a debt-to-equity ratio of 1.01.

Avista (NYSE:AVA) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Avista had a return on equity of 7.65% and a net margin of 10.75%.The firm had revenue of $570.00 million during the quarter, compared to the consensus estimate of $643.55 million. During the same quarter in the prior year, the company earned $0.98 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. Avista has set its FY 2026 guidance at 2.520-2.720 EPS. As a group, sell-side analysts forecast that Avista Corporation will post 2.58 earnings per share for the current year.

Avista Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Tuesday, May 19th were given a dividend of $0.4925 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.97 annualized dividend and a yield of 4.8%. Avista’s dividend payout ratio is presently 78.49%.

Insider Transactions at Avista

In related news, SVP Wayne O. Manuel sold 1,593 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $40.98, for a total transaction of $65,281.14. Following the completion of the sale, the senior vice president owned 10,521 shares in the company, valued at approximately $431,150.58. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

AVA has been the subject of several recent research reports. Mizuho upped their price target on Avista from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Zacks Research upgraded Avista from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Wells Fargo & Company set a $39.00 price objective on shares of Avista in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Avista from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, Barclays raised their price target on shares of Avista from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Avista currently has an average rating of “Hold” and an average target price of $40.00.

Avista Profile

Avista Corporation operates as an integrated energy company providing electric and natural gas delivery services to residential, commercial and industrial customers in the Pacific Northwest. Through its regulated utility operations, the company maintains and upgrades an extensive transmission and distribution network, delivering reliable energy to approximately 400,000 electric customers and 324,000 natural gas customers across Washington, Oregon and Idaho. In addition to its core utility business, Avista invests in owned generation assets, including hydroelectric, natural gas–fired, coal and wind facilities, to support system reliability and long-term supply planning.

Founded in 1889 as the Spokane and Inland Empire Water Power Company, the business adopted the Avista name in 1999 to reflect its growing energy portfolio and strategic focus on innovation.