Positive Press Coverage Somewhat Unlikely to Impact Avista Corporation (AVA) Share Price

Municipal Employees Retirement System of MI now owns 14,660 shares of the utilities provider's stock valued at $572,000 after buying an additional 210 shares during the last quarter. OppenheimerFunds Inc.'s holdings in Avista Corporation were worth $7,946,000 at the end of the most recent reporting period. 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. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Avista Corporation by 73.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,901 shares of the utilities provider's stock valued at $113,000 after buying an additional 1,230 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Avista Corporation by 1.6% in the first quarter. Finally, Arizona State Retirement System boosted its stake in shares of Avista Corporation by 1.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the utilities provider's stock worth $181,000 after buying an additional 476 shares in the last quarter. Tyers Asset Management LLC raised its position in Avista Corporation by 11.5% in the first quarter. Tyers Asset Management LLC now owns 2,640 shares of the utilities provider's stock valued at $103,000 after buying an additional 272 shares during the last quarter.

Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Avista Corporation (NYSE: AVA) ("Avista") breached their fiduciary duties in connection with the proposed sale of the Company to Hydro One Limited ("Hydro One"). 1,642,091 shares of the stock traded hands. The company has recorded a 50-day moving average of $42.97 and a 200-day moving average of $40.61. The firm has a market cap of $3.31 billion, a P/E ratio of 23.404 and a beta of 0.38.

Avista Corporation (NYSE:AVA) pays an annual dividend of Community Ranking: with a yield of 2.74% and an average dividend growth of 3.90% based on a 3 Year Average.

Avista Corporation (NYSE:AVA) last released its quarterly earnings data on Wednesday, May 3rd. The firm had revenue of $436.47 million for the quarter, compared to analyst estimates of $482.76 million. Avista Corporation had a net margin of 9.70% and a return on equity of 8.61%. The firm's quarterly revenue was up 4.4% compared to the same quarter previous year. During the same quarter in the prior year, the business earned $0.92 EPS. Analysts predict that Avista Corporation will post $1.93 EPS for the current year.

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AVA has been the topic of several other research reports. Williams Capital reaffirmed a hold rating and issued a $37.00 price objective (down previously from $38.00) on shares of Avista Corporation in a research note on Thursday, February 23rd. Zacks Investment Research raised shares of Avista Corporation from a "hold" rating to a "buy" rating and set a $49.00 target price on the stock in a report on Tuesday, June 20th. Avista Corporation has a consensus rating of Hold and an average price target of $41.00.

In other Avista Corporation news, VP James M. Kensok sold 750 shares of Avista Corporation stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $40.89, for a total value of $30,667.50. Following the completion of the transaction, the vice president now directly owns 17,487 shares in the company, valued at approximately $715,043.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Terms of the deal call for shareholders to receive $53 per share for each share of Avista stock they own. Avista operates as an electric and natural gas utility company.

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