Avista Co. (NYSE:AVA – Get Rating) CEO Jason R. Thackston sold 3,000 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $41.13, for a total value of $123,390.00. Following the completion of the transaction, the chief executive officer now directly owns 28,274 shares in the company, valued at approximately $1,162,909.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Avista Trading Up 0.3 %
Shares of Avista stock opened at $41.25 on Wednesday. The company’s 50-day moving average price is $43.20 and its 200-day moving average price is $42.21. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.79 and a beta of 0.51. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.08. Avista Co. has a 12-month low of $35.72 and a 12-month high of $45.28.
Avista (NYSE:AVA – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.43). Avista had a net margin of 8.04% and a return on equity of 6.02%. The business had revenue of $474.60 million during the quarter, compared to analysts’ expectations of $485.37 million. During the same period in the previous year, the business earned $0.99 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts expect that Avista Co. will post 2.32 earnings per share for the current fiscal year.
Avista Announces Dividend
Wall Street Analysts Forecast Growth
AVA has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Avista in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Mizuho downgraded shares of Avista from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $45.00 to $38.00 in a report on Thursday, February 9th. Finally, TheStreet upgraded shares of Avista from a “c+” rating to a “b-” rating in a research note on Wednesday, February 22nd.
Institutional Investors Weigh In On Avista
A number of large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its holdings in shares of Avista by 3.8% during the 1st quarter. D.A. Davidson & CO. now owns 6,983 shares of the utilities provider’s stock valued at $315,000 after buying an additional 254 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Avista by 6.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,559 shares of the utilities provider’s stock valued at $202,000 after purchasing an additional 263 shares during the last quarter. Metropolitan Life Insurance Co NY raised its position in Avista by 6.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,559 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 263 shares during the period. Captrust Financial Advisors boosted its position in Avista by 2.8% during the second quarter. Captrust Financial Advisors now owns 10,050 shares of the utilities provider’s stock valued at $437,000 after buying an additional 271 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Avista by 0.4% during the second quarter. Prudential Financial Inc. now owns 77,496 shares of the utilities provider’s stock valued at $3,319,000 after buying an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.
About Avista
Avista Corp. is a holding company, which engages in the provision of electric and natural gas utility business. It operates through the Avista Utilities, and Alaska Electric Light and Power Company (AEL&P) segments. The Avista Utilities segment includes electric distribution and transmission, and natural gas distribution services in parts of eastern Washington, Northern Idaho, and Northeastern and Southwestern Oregon.
Read More
- Get a free copy of the StockNews.com research report on Avista (AVA)
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