5 Utilities Stocks with Over 3% Dividend Yield

4. Avista Corporation (NYSE: AVA)

Number of Hedge Fund Holders: 15
Dividend Yield: 3.8%

Avista Corporation (NYSE: AVA), an electric and natural gas utility company, operates through its Avista Utilities and AEL&P segments. It ranks 4th on our list of utilities stocks with over 3% yield and offers electric distribution and transmission and natural gas distribution services in eastern Washington and northern Idaho, among other areas in the US.

As of this March, Avista Corporation (NYSE: AVA) has a Neutral rating at Sidoti.

In the second quarter of 2021, Avista Corporation (NYSE: AVA) had an EPS of $0.20, missing estimates by $0.06. The company’s revenue was $298.25 million, up 7.06% year over year and also missing estimates by $1.79 million. Avista Corporation (NYSE: AVA) has gained 8.86% in the past 6 months and 6.16% year to date.

By the end of the first quarter of 2021, 15 hedge funds out of the 866 tracked by Insider Monkey held stakes in Avista Corporation (NYSE: AVA) worth roughly $57 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $60.3 million.