Avista Corp (NYSE:AVA) insider Jason R. Thackston sold 750 shares of Avista Corp stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $39.26, for a total value of $29,445.00. Following the completion of the sale, the insider now directly owns 25,049 shares in the company, valued at approximately $983,423.74. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Avista Corp (NYSE:AVA) traded down 1.52% during midday trading on Monday, reaching $38.89. The company’s stock had a trading volume of 420,316 shares. The stock has a 50 day moving average of $39.09 and a 200-day moving average of $40.19. The company has a market capitalization of $2.50 billion, a P/E ratio of 18.09 and a beta of 0.37. Avista Corp has a 1-year low of $37.78 and a 1-year high of $45.22.
Avista Corp (NYSE:AVA) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $402.12 million for the quarter, compared to analyst estimates of $576.05 million. Avista Corp had a net margin of 9.39% and a return on equity of 8.13%. Avista Corp’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities research analysts anticipate that Avista Corp will post $1.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, February 24th were paid a dividend of $0.3575 per share. This is a positive change from Avista Corp’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $1.43 annualized dividend and a yield of 3.68%. Avista Corp’s dividend payout ratio is 64.62%.
Your IP Address:
AVA has been the topic of a number of analyst reports. Mizuho lowered their price objective on Avista Corp from $41.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, February 23rd. Zacks Investment Research raised Avista Corp from a “sell” rating to a “hold” rating in a report on Monday, February 20th. Finally, Williams Capital reaffirmed a “hold” rating and issued a $37.00 price objective (down previously from $38.00) on shares of Avista Corp in a report on Thursday, February 23rd. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $40.25.
Large investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Avista Corp during the third quarter valued at $117,000. Elkfork Partners LLC acquired a new stake in Avista Corp during the fourth quarter valued at $130,000. Washington Trust Bank raised its stake in Avista Corp by 1.0% in the third quarter. Washington Trust Bank now owns 4,012 shares of the company’s stock valued at $168,000 after buying an additional 38 shares during the period. Investment Centers of America Inc. acquired a new stake in Avista Corp during the second quarter valued at $203,000. Finally, BOKF NA acquired a new stake in Avista Corp during the third quarter valued at $216,000. Hedge funds and other institutional investors own 67.54% of the company’s stock.
Avista Corp Company 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.
Receive News & Ratings for Avista Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corp and related companies with MarketBeat.com's FREE daily email newsletter.