Avista Corp (AVA) VP David J. Meyer Sells 1,709 Shares of Stock

Avista Corp (NYSE:AVA) VP David J. Meyer sold 1,709 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $52.66, for a total value of $89,995.94. Following the sale, the vice president now owns 5,367 shares of the company’s stock, valued at $282,626.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Avista stock traded up $0.15 during trading on Thursday, reaching $52.78. 354,709 shares of the company’s stock were exchanged, compared to its average volume of 499,754. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.39 and a current ratio of 0.46. Avista Corp has a 1-year low of $41.21 and a 1-year high of $52.87. The stock has a market capitalization of $3.45 billion, a P/E ratio of 27.03 and a beta of 0.32.

Avista (NYSE:AVA) last posted its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.05). Avista had a return on equity of 7.25% and a net margin of 7.66%. The business had revenue of $388.75 million for the quarter. During the same period in the prior year, the business earned $0.96 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. research analysts forecast that Avista Corp will post 2.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 25th will be issued a dividend of $0.3725 per share. The ex-dividend date is Thursday, May 24th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.82%. Avista’s dividend payout ratio (DPR) is currently 76.41%.

Several institutional investors have recently bought and sold shares of AVA. Bank of Montreal Can raised its holdings in shares of Avista by 265.3% during the 4th quarter. Bank of Montreal Can now owns 9,959 shares of the utilities provider’s stock worth $513,000 after buying an additional 7,233 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Avista by 3.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 464,126 shares of the utilities provider’s stock worth $23,898,000 after buying an additional 15,742 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Avista by 34.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,225 shares of the utilities provider’s stock worth $218,000 after buying an additional 1,080 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Avista by 2.3% during the 4th quarter. Aperio Group LLC now owns 128,267 shares of the utilities provider’s stock worth $6,604,000 after buying an additional 2,891 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Avista by 9.9% during the 4th quarter. US Bancorp DE now owns 24,694 shares of the utilities provider’s stock worth $1,271,000 after buying an additional 2,231 shares in the last quarter. 77.71% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the company. Williams Capital reiterated a “sell” rating and set a $40.00 target price (down from $42.00) on shares of Avista in a research report on Thursday, February 22nd. ValuEngine upgraded Avista from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $50.67.

About Avista

Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.

Insider Buying and Selling by Quarter for Avista (NYSE:AVA)

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