Avista Corp (AVA) Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its stake in Avista Corp (NYSE:AVA) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 917,935 shares of the utilities provider’s stock after selling 58,962 shares during the quarter. Deutsche Bank AG’s holdings in Avista were worth $47,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Legg Mason Asset Management Japan Co. Ltd. acquired a new stake in shares of Avista in the 4th quarter valued at approximately $448,000. Wolverine Asset Management LLC boosted its position in Avista by 8.3% during the 4th quarter. Wolverine Asset Management LLC now owns 45,847 shares of the utilities provider’s stock worth $2,360,000 after buying an additional 3,500 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Avista during the 4th quarter worth approximately $247,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Avista during the 4th quarter worth approximately $2,204,000. Finally, Alliancebernstein L.P. boosted its position in Avista by 50.3% during the 4th quarter. Alliancebernstein L.P. now owns 146,876 shares of the utilities provider’s stock worth $7,563,000 after buying an additional 49,162 shares during the period. Institutional investors own 81.20% of the company’s stock.

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Shares of Avista Corp (NYSE:AVA) opened at $50.87 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 0.89. Avista Corp has a 1 year low of $38.35 and a 1 year high of $52.83. The company has a market cap of $3,308.32, a P/E ratio of 28.42 and a beta of 0.37.

Avista (NYSE:AVA) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. Avista had a net margin of 8.02% and a return on equity of 7.72%. The business had revenue of $397.90 million for the quarter, compared to the consensus estimate of $380.39 million. During the same period last year, the company earned $0.62 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. analysts predict that Avista Corp will post 2.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.3725 per share. This is a positive change from Avista’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.49 annualized dividend and a yield of 2.93%. Avista’s dividend payout ratio (DPR) is presently 83.24%.

Several equities research analysts recently commented on the stock. Williams Capital reiterated a “sell” rating and set a $40.00 target price (down from $42.00) on shares of Avista in a research report on Thursday, February 22nd. ValuEngine downgraded shares of Avista from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $50.67.

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About Avista

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.

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Institutional Ownership by Quarter for Avista (NYSE:AVA)

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