Hsbc Holdings PLC Has $2.19 Million Stake in Avista Corporation $AVA

Hsbc Holdings PLC grew its holdings in shares of Avista Corporation (NYSE:AVA) by 184.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,881 shares of the utilities provider’s stock after acquiring an additional 36,866 shares during the period. Hsbc Holdings PLC’s holdings in Avista were worth $2,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVA. First Trust Advisors LP boosted its position in shares of Avista by 359.4% during the 3rd quarter. First Trust Advisors LP now owns 1,282,508 shares of the utilities provider’s stock valued at $48,492,000 after purchasing an additional 1,003,362 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Avista by 105.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,137,236 shares of the utilities provider’s stock worth $43,829,000 after buying an additional 582,742 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Avista by 37,219.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 541,136 shares of the utilities provider’s stock valued at $20,855,000 after acquiring an additional 539,686 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Avista by 1,723.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 442,427 shares of the utilities provider’s stock valued at $16,728,000 after acquiring an additional 418,170 shares in the last quarter. Finally, State Street Corp boosted its stake in Avista by 8.3% during the second quarter. State Street Corp now owns 5,191,896 shares of the utilities provider’s stock worth $197,032,000 after acquiring an additional 398,446 shares in the last quarter. 85.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Avista

In other Avista news, SVP Wayne O. Manuel sold 1,593 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $40.98, for a total value of $65,281.14. Following the sale, the senior vice president directly owned 10,521 shares in the company, valued at $431,150.58. The trade was a 13.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AVA has been the subject of several research analyst reports. Barclays decreased their price target on shares of Avista from $42.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 15th. Wall Street Zen raised shares of Avista from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. 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 target price on Avista in a research report on Tuesday, April 21st. Finally, Mizuho increased 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. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.75.

Avista Stock Down 1.1%

AVA opened at $41.32 on Tuesday. Avista Corporation has a twelve month low of $35.50 and a twelve month high of $43.50. The company’s 50-day moving average price is $41.09 and its two-hundred day moving average price is $40.51. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 3.90 and a beta of 0.24. The company has a quick ratio of 0.60, a current ratio of 0.90 and a debt-to-equity ratio of 1.01.

Avista (NYSE:AVA) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $570.00 million during the quarter, compared to analyst estimates of $643.55 million. Avista had a net margin of 10.75% and a return on equity of 7.65%. Avista’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Avista has set its FY 2026 guidance at 2.520-2.720 EPS. As a group, equities analysts expect that Avista Corporation will post 2.59 earnings per share for the current year.

Avista Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Tuesday, May 19th were given a $0.4925 dividend. This represents a $1.97 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Avista’s dividend payout ratio (DPR) is currently 78.49%.

About Avista

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.