TIAA CREF Investment Management LLC Has $7.47 Million Stake in Avista Corporation (AVA)

TIAA CREF Investment Management LLC cut its stake in shares of Avista Corporation (NYSE:AVA) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,803 shares of the utilities provider’s stock after selling 24,517 shares during the period. TIAA CREF Investment Management LLC owned 0.27% of Avista Corporation worth $7,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AVA. BlackRock Inc. increased its position in shares of Avista Corporation by 24,404.0% during the first quarter. BlackRock Inc. now owns 11,558,772 shares of the utilities provider’s stock valued at $451,370,000 after buying an additional 11,511,601 shares during the period. Vanguard Group Inc. increased its position in shares of Avista Corporation by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,254,298 shares of the utilities provider’s stock valued at $244,231,000 after buying an additional 233,359 shares during the period. State Street Corp increased its position in shares of Avista Corporation by 6.1% during the first quarter. State Street Corp now owns 1,748,071 shares of the utilities provider’s stock valued at $68,263,000 after buying an additional 101,083 shares during the period. Convergence Investment Partners LLC bought a new stake in shares of Avista Corporation during the second quarter valued at about $4,204,000. Finally, Renaissance Technologies LLC increased its position in shares of Avista Corporation by 528.1% during the first quarter. Renaissance Technologies LLC now owns 104,900 shares of the utilities provider’s stock valued at $4,096,000 after buying an additional 88,200 shares during the period. Hedge funds and other institutional investors own 69.66% of the company’s stock.

Shares of Avista Corporation (NYSE:AVA) opened at 52.35 on Wednesday. The stock’s 50 day moving average price is $51.67 and its 200 day moving average price is $45.94. The company has a market capitalization of $3.37 billion, a PE ratio of 24.75 and a beta of 0.45. Avista Corporation has a 12 month low of $37.78 and a 12 month high of $52.83.

Avista Corporation (NYSE:AVA) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $314.50 million for the quarter, compared to the consensus estimate of $326.33 million. Avista Corporation had a net margin of 9.35% and a return on equity of 8.19%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. On average, analysts forecast that Avista Corporation will post $1.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, August 29th. Avista Corporation’s dividend payout ratio (DPR) is presently 67.77%.

TRADEMARK VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/11/tiaa-cref-investment-management-llc-has-7-47-million-stake-in-avista-corporation-ava.html.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Avista Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded Avista Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. BMO Capital Markets reiterated a “hold” rating and set a $53.00 price target on shares of Avista Corporation in a research report on Friday, July 21st. Finally, Williams Capital cut Avista Corporation from a “hold” rating to a “sell” rating and upped their price target for the company from $38.00 to $42.00 in a res

Several other institutional investors and hedge funds also recently made changes to their positions in AVA. BlackRock Inc. increased its position in shares of Avista Corporation by 24,404.0% during the first quarter. BlackRock Inc. now owns 11,558,772 shares of the utilities provider’s stock valued at $451,370,000 after buying an additional 11,511,601 shares during the period. Vanguard Group Inc. increased its position in shares of Avista Corporation by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,254,298 shares of the utilities provider’s stock valued at $244,231,000 after buying an additional 233,359 shares during the period. State Street Corp increased its position in shares of Avista Corporation by 6.1% during the first quarter. State Street Corp now owns 1,748,071 shares of the utilities provider’s stock valued at $68,263,000 after buying an additional 101,083 shares during the period. Convergence Investment Partners LLC bought a new stake in shares of Avista Corporation during the second quarter valued at about $4,204,000. Finally, Renaissance Technologies LLC increased its position in shares of Avista Corporation by 528.1% during the first quarter. Renaissance Technologies LLC now owns 104,900 shares of the utilities provider’s stock valued at $4,096,000 after buying an additional 88,200 shares during the period. Hedge funds and other institutional investors own 69.66% of the company’s stock.

Shares of Avista Corporation (NYSE:AVA) opened at 52.35 on Wednesday. The stock’s 50 day moving average price is $51.67 and its 200 day moving average price is $45.94. The company has a market capitalization of $3.37 billion, a PE ratio of 24.75 and a beta of 0.45. Avista Corporation has a 12 month low of $37.78 and a 12 month high of $52.83.

Avista Corporation (NYSE:AVA) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $314.50 million for the quarter, compared to the consensus estimate of $326.33 million. Avista Corporation had a net margin of 9.35% and a return on equity of 8.19%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. On average, analysts forecast that Avista Corporation will post $1.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, August 29th. Avista Corporation’s dividend payout ratio (DPR) is presently 67.77%.

TRADEMARK VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/11/tiaa-cref-investment-management-llc-has-7-47-million-stake-in-avista-corporation-ava.html.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Avista Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded Avista Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. BMO Capital Markets reiterated a “hold” rating and set a $53.00 price target on shares of Avista Corporation in a research report on Friday, July 21st. Finally, Williams Capital cut Avista Corporation from a “hold” rating to a “sell” rating and upped their price target for the company from $38.00 to $42.00 in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $47.75.

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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