Intrua Financial LLC Has $528,000 Stock Holdings in Avista Corporation $AVA

Intrua Financial LLC increased its position in shares of Avista Corporation (NYSE:AVA) by 19.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,619 shares of the utilities provider’s stock after purchasing an additional 2,058 shares during the period. Intrua Financial LLC’s holdings in Avista were worth $528,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Avista by 252.3% during the 1st quarter. GAMMA Investing LLC now owns 916 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 656 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Avista during the 1st quarter worth approximately $43,000. Costello Asset Management INC acquired a new stake in shares of Avista during the 1st quarter worth approximately $102,000. United Services Automobile Association acquired a new stake in shares of Avista during the 1st quarter worth approximately $201,000. Finally, Entropy Technologies LP acquired a new stake in Avista in the first quarter valued at approximately $214,000. Institutional investors and hedge funds own 85.24% of the company’s stock.

Avista Stock Performance

Shares of Avista stock opened at $36.47 on Friday. Avista Corporation has a fifty-two week low of $34.80 and a fifty-two week high of $43.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 0.68. The firm has a market capitalization of $2.96 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.39 and a beta of 0.41. The company’s 50 day moving average price is $37.24 and its two-hundred day moving average price is $38.71.

Avista (NYSE:AVA) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.11). Avista had a net margin of 9.13% and a return on equity of 6.86%. The company had revenue of $400.00 million during the quarter, compared to analyst estimates of $416.06 million. During the same quarter in the prior year, the business earned $0.29 EPS. On average, equities analysts forecast that Avista Corporation will post 2.3 earnings per share for the current fiscal year.

Avista Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, August 19th will be given a $0.49 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $1.96 dividend on an annualized basis and a yield of 5.4%. Avista’s dividend payout ratio (DPR) is currently 88.29%.

Insiders Place Their Bets

In other Avista news, VP David J. Meyer sold 1,367 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.72, for a total value of $50,196.24. Following the sale, the vice president owned 8,394 shares in the company, valued at $308,227.68. This trade represents a 14.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is owned by corporate insiders.

About Avista

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.