Avista Corporation $AVA Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lessened its holdings in shares of Avista Corporation (NYSE:AVA) by 31.3% during the 4th quarter, HoldingsChannel reports. The firm owned 85,142 shares of the utilities provider’s stock after selling 38,725 shares during the period. New Age Alpha Advisors LLC’s holdings in Avista were worth $3,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Avista by 14.4% during the 4th quarter. Allworth Financial LP now owns 2,020 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 255 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Avista by 14.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,279 shares of the utilities provider’s stock worth $88,000 after purchasing an additional 283 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Avista by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,621 shares of the utilities provider’s stock worth $718,000 after purchasing an additional 300 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Avista by 0.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 62,492 shares of the utilities provider’s stock worth $2,363,000 after acquiring an additional 339 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Avista by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 78,714 shares of the utilities provider’s stock worth $2,987,000 after acquiring an additional 379 shares during the period. Institutional investors and hedge funds own 85.24% of the company’s stock.

Analysts Set New Price Targets

AVA has been the topic of several analyst reports. Wells Fargo & Company set a $39.00 price target on Avista in a report on Tuesday, April 21st. Barclays reduced their price target on Avista from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. KeyCorp reiterated a “sector weight” rating on shares of Avista in a report on Tuesday, January 27th. Mizuho lifted 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. Finally, Zacks Research lowered Avista from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Avista currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Insider Activity

In related news, SVP Wayne O. Manuel sold 1,593 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were 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 approximately $431,150.58. The trade was a 13.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bryan Alden Cox sold 1,768 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $40.18, for a total transaction of $71,038.24. Following the completion of the sale, the senior vice president owned 8,401 shares in the company, valued at approximately $337,552.18. This trade represents a 17.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,916 shares of company stock worth $158,408. 0.78% of the stock is owned by insiders.

Avista Stock Down 0.0%

NYSE AVA opened at $41.47 on Tuesday. The firm has a market cap of $3.43 billion, a PE ratio of 16.52, a P/E/G ratio of 3.88 and a beta of 0.24. Avista Corporation has a 52 week low of $35.50 and a 52 week high of $43.50. The business’s fifty day simple moving average is $40.71 and its 200-day simple moving average is $40.38. 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 data on Tuesday, May 5th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $570.00 million for 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 revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Avista has set its FY 2026 guidance at 2.520-2.720 EPS. As a group, equities analysts anticipate that Avista Corporation will post 2.59 earnings per share for the current year.

Avista Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Tuesday, May 19th will be issued a $0.4925 dividend. This represents a $1.97 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, May 19th. Avista’s payout ratio is 78.49%.

Avista Company 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.