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.
WARNING: This news story was first posted by BBNS and is the property of of BBNS. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & worldwide copyright legislation. The legal version of this article can be read at https://transcriptdaily.com/2017/07/19/oppenheimerfunds-inc-increases-stake-in-avista-corporation-ava-updated-updated-updated.html.
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.