Ladenburg Thalmann Financial Services Inc. Has $869,000 Holdings in Avista Corp (AVA)

Ladenburg Thalmann Financial Services Inc. lowered its position in Avista Corp (NYSE:AVA) by 21.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,795 shares of the utilities provider’s stock after selling 4,462 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Avista were worth $869,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AVA. Strs Ohio raised its position in shares of Avista by 34.8% in the second quarter. Strs Ohio now owns 6,200 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 1,600 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Avista by 18.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 463,803 shares of the utilities provider’s stock worth $19,694,000 after acquiring an additional 72,115 shares during the period. Arizona State Retirement System raised its position in shares of Avista by 0.3% in the second quarter. Arizona State Retirement System now owns 33,622 shares of the utilities provider’s stock worth $1,428,000 after acquiring an additional 100 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Avista in the second quarter worth about $218,000. Finally, Rhumbline Advisers increased its stake in shares of Avista by 2.6% during the second quarter. Rhumbline Advisers now owns 138,632 shares of the utilities provider’s stock worth $5,886,000 after purchasing an additional 3,527 shares in the last quarter. Institutional investors and hedge funds own 77.33% of the company’s stock.

In related news, VP James M. Kensok sold 4,700 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $52.01, for a total transaction of $244,447.00. Following the completion of the sale, the vice president now owns 12,787 shares of the company’s stock, valued at approximately $665,051.87. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Kevin J. Christie sold 500 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $51.81, for a total transaction of $25,905.00. Following the sale, the vice president now directly 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 ninety days, insiders have purchased 116,000 shares of company stock valued at $32,080 and have sold 7,632 shares valued at $396,130. 1.10% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on AVA. KeyCorp reissued a “hold” rating on shares of Avista in a research note on Friday, October 20th. Zacks Investment Research raised shares of Avista from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $47.75.

Shares of Avista Corp (NYSE:AVA) opened at $51.45 on Friday. The company has a market cap of $3,302.56, a PE ratio of 24.89 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.37 and a current ratio of 0.47. Avista Corp has a one year low of $37.78 and a one year high of $52.83.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.3575 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.78%. Avista’s dividend payout ratio is currently 71.86%.

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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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