Sun Sep 15 14:55:18 UTC 2024: ## Avista (AVA) Sees Increased Institutional Interest in Q2

**Spokane, WA – September 15, 2024** – Avista Corporation (NYSE:AVA), the electric and natural gas utility provider, has seen a surge in institutional investment during the second quarter, according to HoldingsChannel.

Meeder Advisory Services Inc. significantly increased its holdings in Avista, acquiring an additional 7,597 shares, boosting its position by 79.3%. Other notable investors include Jupiter Asset Management Ltd., which acquired a new position worth approximately $7,130,000, and American Century Companies Inc., which increased its holdings by 3.8%.

“This increased institutional interest reflects a positive outlook on Avista’s future performance,” stated a MarketBeat analyst.

Avista recently reported strong quarterly earnings, exceeding analysts’ expectations with $0.29 earnings per share. The company also declared a quarterly dividend of $0.475, representing a dividend yield of 4.93%.

Despite positive developments, Avista has faced some insider selling. VP David J. Meyer sold 2,400 shares of the firm’s stock in August for a total value of $91,968. However, the company still benefits from strong institutional support, with 85.24% of its stock owned by hedge funds and other institutional investors.

Avista stock opened at $38.54 on Friday, with a market cap of $3.03 billion. The company’s performance has been steady, with a 12-month low of $30.53 and a 12-month high of $39.99.

Investors seeking further insights can visit HoldingsChannel.com to access the latest 13F filings and insider trades for Avista.

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