Trust Co. of Vermont Has $176,000 Stock Holdings in Avista Co. (NYSE:AVA)

Trust Co. of Vermont reduced its position in shares of Avista Co. (NYSE:AVA) by 12.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,094 shares of the utilities provider’s stock after selling 700 shares during the period. Trust Co. of Vermont’s holdings in Avista were worth $176,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Avista in the first quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in Avista during the first quarter worth about $32,000. Quarry LP raised its holdings in Avista by 67.9% in the 4th quarter. Quarry LP now owns 1,179 shares of the utilities provider’s stock valued at $42,000 after buying an additional 477 shares during the last quarter. Strs Ohio lifted its position in shares of Avista by 33.3% in the 4th quarter. Strs Ohio now owns 2,000 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 500 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Avista during the 1st quarter valued at $73,000. 85.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jason R. Thackston sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $36.98, for a total transaction of $92,450.00. Following the transaction, the chief executive officer now owns 32,506 shares in the company, valued at approximately $1,202,071.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jason R. Thackston sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $36.98, for a total value of $92,450.00. Following the completion of the sale, the chief executive officer now directly owns 32,506 shares of the company’s stock, valued at approximately $1,202,071.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bryan Alden Cox sold 1,716 shares of Avista stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $35.70, for a total value of $61,261.20. Following the completion of the sale, the senior vice president now directly owns 7,196 shares of the company’s stock, valued at approximately $256,897.20. The disclosure for this sale can be found here. Insiders sold 5,916 shares of company stock valued at $215,268 in the last three months. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Mizuho upgraded shares of Avista from an “underperform” rating to a “neutral” rating and increased their price target for the company from $32.00 to $36.00 in a research report on Friday, May 3rd. StockNews.com upgraded shares of Avista from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Avista Trading Down 1.4 %

Avista stock traded down $0.52 during trading on Wednesday, reaching $37.65. 154,806 shares of the company were exchanged, compared to its average volume of 537,172. Avista Co. has a 52-week low of $30.53 and a 52-week high of $39.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.97 and a quick ratio of 0.69. The company has a market capitalization of $2.94 billion, a P/E ratio of 15.68 and a beta of 0.46. The stock’s 50 day simple moving average is $35.94 and its two-hundred day simple moving average is $35.23.

Avista Company Profile

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.