Shares of Avista Corp. (NYSE:AVA) have been assigned a consensus broker rating score of 3.40 (Hold) from the five brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and four have issued a hold recommendation on the company.
Brokers have set a one year consensus price target of $39.75 for the company and are forecasting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Avista Corp. an industry rank of 176 out of 265 based on the ratings given to its competitors.
AVA has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Avista Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Williams Capital lifted their target price on shares of Avista Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 target price on shares of Avista Corp. in a report on Wednesday, June 22nd.
Shares of Avista Corp. (NYSE:AVA) opened at 39.14 on Tuesday. The firm has a market capitalization of $2.49 billion, a PE ratio of 18.02 and a beta of 0.40. Avista Corp. has a 12 month low of $32.61 and a 12 month high of $45.22. The stock has a 50 day moving average of $41.45 and a 200-day moving average of $41.61.
Avista Corp. (NYSE:AVA) last announced its earnings results on Wednesday, August 3rd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.02. The business earned $234.79 million during the quarter, compared to analyst estimates of $316.24 million. Avista Corp. had a net margin of 9.38% and a return on equity of 8.32%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, equities research analysts anticipate that Avista Corp. will post $2.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.3425 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.37 dividend on an annualized basis and a yield of 3.50%. Avista Corp.’s dividend payout ratio (DPR) is 64.02%.
In related news, insider Marian M. Durkin sold 3,500 shares of Avista Corp. stock in a transaction on Friday, August 12th. The shares were sold at an average price of $42.56, for a total value of $148,960.00. Following the transaction, the insider now directly owns 67,245 shares in the company, valued at approximately $2,861,947.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason R. Thackston sold 950 shares of Avista Corp. stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $40.90, for a total transaction of $38,855.00. Following the completion of the transaction, the senior vice president now owns 17,232 shares in the company, valued at $704,788.80. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of AVA. Advisor Group Inc. bought a new stake in shares of Avista Corp. during the second quarter valued at approximately $107,000. Tower Research Capital LLC TRC raised its stake in shares of Avista Corp. by 24,520.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,462 shares of the company’s stock valued at $111,000 after buying an additional 2,452 shares during the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in shares of Avista Corp. during the second quarter valued at approximately $117,000. Washington Trust Bank raised its stake in shares of 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 last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Avista Corp. during the second quarter valued at approximately $181,000. Hedge funds and other institutional investors own 68.07% of the company’s stock.
About Avista Corp.
Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon.
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