XTX Topco Ltd Acquires Shares of 54,681 Avista Corporation (NYSE:AVA)

XTX Topco Ltd bought a new stake in shares of Avista Corporation (NYSE:AVA) in the 1st quarter, Holdings Channel reports. The fund bought 54,681 shares of the utilities provider’s stock, valued at approximately $2,289,000.

Several other large investors also recently modified their holdings of AVA. Headlands Technologies LLC lifted its holdings in Avista by 2,474.1% in the fourth quarter. Headlands Technologies LLC now owns 695 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 668 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Avista by 252.3% in the first quarter. GAMMA Investing LLC now owns 916 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 656 shares during the last quarter. Advisory Services Network LLC bought a new position in Avista in the fourth quarter worth about $215,000. Cerity Partners LLC bought a new position in Avista in the first quarter worth about $222,000. Finally, Vision Capital Management Inc. bought a new position in Avista in the first quarter worth about $224,000. 85.24% of the stock is currently owned by institutional investors and hedge funds.

Avista Stock Performance

Shares of NYSE AVA opened at $37.26 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm’s 50-day moving average price is $37.79 and its two-hundred day moving average price is $38.67. Avista Corporation has a 52-week low of $34.80 and a 52-week high of $43.09. The stock has a market capitalization of $3.00 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.45 and a beta of 0.40.

Avista (NYSE:AVA) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.07). Avista had a return on equity of 7.28% and a net margin of 9.63%. The business had revenue of $603.00 million during the quarter, compared to the consensus estimate of $636.30 million. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Avista Corporation will post 2.3 earnings per share for the current year.

Insider Buying and Selling at Avista

In other news, VP Scott J. Kinney sold 1,024 shares of Avista stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $37.82, for a total transaction of $38,727.68. Following the sale, the vice president owned 11,515 shares of the company’s stock, valued at approximately $435,497.30. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

About Avista

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.