APG Asset Management N.V. Buys Shares of 110,700 Avista Corporation (AVA)

APG Asset Management N.V. bought a new position in shares of Avista Corporation (NYSE:AVA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 110,700 shares of the utilities provider’s stock, valued at approximately $5,731,000. APG Asset Management N.V. owned approximately 0.17% of Avista Corporation as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Avista Corporation by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,254,298 shares of the utilities provider’s stock worth $244,231,000 after acquiring an additional 233,359 shares during the last quarter. Northern Trust Corp boosted its holdings in Avista Corporation by 6.7% in the 2nd quarter. Northern Trust Corp now owns 1,934,063 shares of the utilities provider’s stock valued at $82,120,000 after purchasing an additional 122,115 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Avista Corporation by 59.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 322,218 shares of the utilities provider’s stock valued at $13,681,000 after purchasing an additional 120,177 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Avista Corporation by 127.4% in the 2nd quarter. WINTON GROUP Ltd now owns 196,973 shares of the utilities provider’s stock valued at $8,363,000 after purchasing an additional 110,366 shares during the last quarter. Finally, State Street Corp boosted its holdings in Avista Corporation by 6.1% in the 1st quarter. State Street Corp now owns 1,748,071 shares of the utilities provider’s stock valued at $68,263,000 after purchasing an additional 101,083 shares during the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

In other news, VP James M. Kensok sold 4,700 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $52.01, for a total value of $244,447.00. Following the completion of the sale, the vice president now owns 12,787 shares in the company, valued at approximately $665,051.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin J. Christie sold 500 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $51.81, for a total transaction of $25,905.00. Following the completion of the sale, the vice president now owns 1,992 shares of the company’s stock, valued at approximately $103,205.52. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 173,000 shares of company stock valued at $47,980. 1.10% of the stock is owned by company insiders.

Avista Corporation (NYSE AVA) opened at $51.88 on Tuesday. The company has a market cap of $3,341.86, a price-to-earnings ratio of 25.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.37. Avista Corporation has a 52-week low of $37.78 and a 52-week high of $52.83.

Several equities analysts have weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Avista Corporation in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Avista Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 16th. BidaskClub upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 target price on shares of Avista Corporation in a research note on Friday, July 21st. Finally, Williams Capital downgraded shares of Avista Corporation from a “hold” rating to a “sell” rating and upped their target price for the stock from $38.00 to $42.00 in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Avista Corporation currently has a consensus rating of “Hold” and an average target price of $47.75.

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Avista Corporation Profile

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.

Institutional Ownership by Quarter for Avista Corporation (NYSE:AVA)

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