Congress Asset Management buys Avista stake. Avista stock falls 1.10 percent

Published on 10/08/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Avista posted USD 0.43 earnings per share in Q2 2026. Avista stock costs EUR 31.34 on October 8, 2026 versus EUR 31.69.

Key points in brief

Congress Asset Management increased its Avista stake by 21.10 percent through a purchase of 57,641 shares on October 7, 2026.
Avista stock was trading at EUR 31.34 at Lang & Schwarz on October 8, 2026, down 1.10 percent from EUR 31.69.
Avista reported USD 0.43 earnings per share and USD 413.0 million in revenue for the second quarter of 2026.
The next third-quarter earnings call is scheduled for November 4, 2026.

AVA, US05379B1070, Illustration mit AI erstellt.

Avista (ISIN US05379B1070) was trading at EUR 31.34 at Lang & Schwarz on October 8, 2026 at 4:10 p.m. CEST, down 1.10 percent versus the prior close of EUR 31.69. Congress Asset Management purchased 57,641 additional shares, increasing its Avista stake by 21.10 percent, according to MarketBeat on October 7, 2026.

Three dates shape the story

On July 31, 2026, Avista reported USD 0.43 in earnings per share and USD 413.0 million in revenue for the second quarter of 2026, according to MarketBeat. The same report states that a USD 0.23 earnings-per-share consensus was exceeded by USD 0.20.

Avista paid a quarterly dividend of USD 0.4925 on September 14, 2026, while institutional ownership stood at 85.24 percent, according to MarketBeat. The October 7 filing adds the latest ownership signal with 331,090 shares held by Congress Asset Management after the purchase.

What does the stake change mean?

The purchase gives the filing a measurable size, but it does not change Avista's operating profile: the company remains a regulated electric and natural gas utility serving the Pacific Northwest. Its second-quarter revenue of USD 413.0 million came in below the USD 426.93 million estimate, even as earnings per share exceeded the USD 0.23 consensus, according to MarketBeat. That split between earnings and revenue is the key operating counterpoint to the institutional purchase.

Next date is November 4

Avista is scheduled to release third-quarter 2026 results at 7:05 a.m. ET and hold its earnings call at 10:30 a.m. ET on November 4, 2026, according to ScanX News. The timing puts the next reported quarter ahead of the market's next major company-specific checkpoint.

EUR 31.34 in trading

At Lang & Schwarz, Avista was trading at EUR 31.34 on October 8, 2026 at 4:10 p.m. CEST, down 1.10 percent versus the October 7, 2026 prior close of EUR 31.69. The primary-market context was USD 35.04 at 10:24 a.m. EDT on the NYSE, while the 52-week range was USD 34.46 to USD 43.50 and market capitalization was USD 2.9 billion as of October 8, 2026.

The further course of trading is shown by the continuously updated real-time quote of Avista stock.