December 1, 2016 - By Marie Mckinney · 0 Comments
Avista Corp (NYSE:AVA) institutional sentiment increased to 1.46 in Q2 2016. Its up 0.41, from 1.05 in 2016Q1. The ratio is positive, as 98 funds started new and increased stock positions, while 93 cut down and sold their equity positions in Avista Corp. The funds in our partner’s database now own: 41.14 million shares, down from 41.51 million shares in 2016Q1. Also, the number of funds holding Avista Corp in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 21 Reduced: 72 Increased: 85 New Position: 13.
Avista Corporation is an electric and natural gas utility with certain other business ventures. The company has a market cap of $2.45 billion. The Firm operates through two business divisions: Avista Utilities, and Alaska Electric Light and Power Company . It has a 19.25 P/E ratio. Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas clients in eastern Washington and northern Idaho and natural gas clients in parts of Oregon.
About 119,981 shares traded hands. Avista Corp (NYSE:AVA) has risen 1.63% since April 28, 2016 and is uptrending. It has underperformed by 4.29% the S&P500.
Analysts await Avista Corp (NYSE:AVA) to report earnings on February, 22. They expect $0.60 earnings per share, up 11.11% or $0.06 from last year’s $0.54 per share. AVA’s profit will be $37.00M for 16.55 P/E if the $0.60 EPS becomes a reality. After $0.19 actual earnings per share reported by Avista Corp for the previous quarter, Wall Street now forecasts 215.79% EPS growth.
According to Zacks Investment Research, “Avista Corp. is a diversified energy company with utility and subsidiary operations located throughout North America. Avista Corp. also operates Avista Capital, which owns all the company’s non-regulated energy and non-energy businesses. Avista Capital companies include Avista Energy, Avista Energy Canada, Ltd., Avista Power, Avista Advantage, Avista Labs, Avista Fiber, Avista Communiations, Avista Development and Pentzer Corporation. (PRESS RELEASE)”
Bruce & Co. Inc. holds 2.99% of its portfolio in Avista Corp for 261,000 shares. Hillcrest Asset Management Llc owns 224,360 shares or 2.53% of their US portfolio. Moreover, Huff W R Asset Management Co Llc De has 2.23% invested in the company for 59,390 shares. The Rhode Island-based Richard C. Young & Co. Ltd. has invested 2.13% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 562,553 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 7 sales for $499,901 net activity.
Ratings analysis reveals 0 of Avista’s analysts are positive. Out of 3 Wall Street analysts rating Avista, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $40 while the high is $41. The stock’s average target of $40.50 is 1.94% above today’s ($39.73) share price. AVA was included in 3 notes of analysts from March 18, 2016. Mizuho initiated Avista Corp (NYSE:AVA) on Thursday, March 31 with “Neutral” rating. As per Friday, March 18, the company rating was downgraded by UBS. The stock has “Hold” rating given by Williams Capital Group on Thursday, September 22.
Avista Corporation, incorporated on March 15, 1889, is an electric and natural gas utility with certain other business ventures. The Firm operates through two business divisions: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment comprises regulated utility activities in the Pacific Northwest. AEL&P is a utility providing electric services in Juneau, Alaska. The Firm operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.
Another recent and important Avista Corp (NYSE:AVA) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista” on November 14, 2016.
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By Marie Mckinney