Avista Co. (NYSE:AVA) SVP Sells $61,261.20 in Stock

Avista Co. (NYSE:AVAGet Free Report) SVP Bryan Alden Cox sold 1,716 shares of Avista stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $35.70, for a total value of $61,261.20. Following the transaction, the senior vice president now directly owns 7,196 shares in the company, valued at $256,897.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Avista Stock Performance

NYSE:AVA opened at $34.74 on Thursday. The firm has a market capitalization of $2.72 billion, a P/E ratio of 14.41 and a beta of 0.49. Avista Co. has a twelve month low of $30.53 and a twelve month high of $41.08. The company has a fifty day moving average of $36.15 and a 200-day moving average of $35.03. The company has a quick ratio of 0.69, a current ratio of 0.97 and a debt-to-equity ratio of 1.05.

Avista (NYSE:AVAGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). The company had revenue of $594.90 million during the quarter, compared to the consensus estimate of $469.34 million. Avista had a net margin of 9.96% and a return on equity of 7.65%. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. As a group, sell-side analysts anticipate that Avista Co. will post 2.46 EPS for the current year.

Avista Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 23rd will be issued a $0.475 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.47%. Avista’s dividend payout ratio is presently 78.84%.

Wall Street Analyst Weigh In

AVA has been the topic of a number of analyst reports. StockNews.com raised shares of Avista from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Mizuho raised shares of Avista from an “underperform” rating to a “neutral” rating and upped their price target for the company from $32.00 to $36.00 in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Avista has an average rating of “Hold” and a consensus target price of $35.00.

Read Our Latest Stock Analysis on AVA

Institutional Investors Weigh In On Avista

Several institutional investors have recently bought and sold shares of AVA. Headlands Technologies LLC bought a new position in Avista during the 1st quarter valued at $27,000. Mather Group LLC. bought a new stake in Avista in the 1st quarter worth about $32,000. Quarry LP lifted its position in shares of Avista by 67.9% during the 4th quarter. Quarry LP now owns 1,179 shares of the utilities provider’s stock worth $42,000 after buying an additional 477 shares in the last quarter. Strs Ohio boosted its stake in shares of Avista by 33.3% in the 4th quarter. Strs Ohio now owns 2,000 shares of the utilities provider’s stock worth $71,000 after buying an additional 500 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Avista in the first quarter valued at approximately $73,000. Institutional investors own 85.24% of the company’s stock.

About Avista

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Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in 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.

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