Creative Planning Acquires 209 Shares of Avista Corporation (AVA)

Creative Planning boosted its position in shares of Avista Corporation (NYSE:AVA) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,292 shares of the utilities provider’s stock after buying an additional 209 shares during the period. Creative Planning owned approximately 0.09% of Avista Corporation worth $2,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eqis Capital Management Inc. boosted its stake in shares of Avista Corporation by 1.8% in the first quarter. Eqis Capital Management Inc. now owns 8,999 shares of the utilities provider’s stock worth $351,000 after buying an additional 157 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Avista Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 7,130 shares of the utilities provider’s stock valued at $278,000 after buying an additional 160 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Avista Corporation by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,194 shares of the utilities provider’s stock valued at $320,000 after buying an additional 196 shares during the last quarter. Eagle Ridge Investment Management boosted its stake in shares of Avista Corporation by 3.7% in the first quarter. Eagle Ridge Investment Management now owns 5,620 shares of the utilities provider’s stock valued at $219,000 after buying an additional 200 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Avista Corporation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 14,660 shares of the utilities provider’s stock valued at $572,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Shares of Avista Corporation (AVA) remained flat at $52.39 during midday trading on Tuesday. 676,518 shares of the company were exchanged. The firm’s 50-day moving average is $46.05 and its 200 day moving average is $41.70. The firm has a market capitalization of $3.37 billion, a PE ratio of 24.85 and a beta of 0.42. Avista Corporation has a 52-week low of $37.78 and a 52-week high of $52.83.

Avista Corporation (NYSE:AVA) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. Avista Corporation had a net margin of 9.35% and a return on equity of 8.19%. The business had revenue of $314.50 million for the quarter, compared to the consensus estimate of $326.33 million. During the same period in the previous year, the firm earned $0.43 EPS. The company’s revenue was down 1.3% on a year-over-year basis. On average, analysts predict that Avista Corporation will post $1.94 EPS for the current year.

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Several equities analysts recently issued reports on AVA shares. Zacks Investment Research cut Avista Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised Avista Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. BMO Capital Markets reissued a “hold” rating and issued a $53.00 target price on shares of Avista Corporation in a research note on Friday, July 21st. Finally, Williams Capital lowered Avista Corporation from a “hold” rating to a “sell” rating and raised their price target for the stock from $38.00 to $42.00 in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Avista Corporation currently has a consensus rating of “Hold” and a consensus target price of $47.75.

Avista Corporation Company 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 Corporation (NYSE:AVA)

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