Avista (AVA) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avista in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" AVA shares.
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3 Wall Street research analysts have issued 1-year price objectives for Avista's stock. Their AVA share price targets range from $33.00 to $34.00. On average, they predict the company's stock price to reach $33.50 in the next year. This suggests that the stock has a possible downside of 4.5%.
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Avista's stock was trading at $35.74 at the start of the year. Since then, AVA stock has decreased by 1.8% and is now trading at $35.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Avista will be holding an earnings conference call on Wednesday, May 1st at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Avista Co. (NYSE:AVA) posted its quarterly earnings data on Wednesday, February, 21st. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.14 by $0.06. The utilities provider earned $504.40 million during the quarter, compared to analysts' expectations of $545.78 million. Avista had a trailing twelve-month return on equity of 7.07% and a net margin of 9.77%. The business's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share.

Avista announced a quarterly dividend on Wednesday, February 7th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.475 per share on Friday, March 15th. This represents a $1.90 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for AVA.

Avista (NYSE:AVA) pays an annual dividend of $1.90 per share and currently has a dividend yield of 5.63%. AVA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.20%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVA will have a dividend payout ratio of 71.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVA.

ETFs with the largest weight of Avista (NYSE:AVA) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Global SuperDividend US ETF (DIV), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco High Yield Equity Dividend Achievers ETF (PEY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ETC 6 Meridian Small Cap Equity ETF (SIXS) and Virtus Real Asset Income ETF (VRAI).

Avista issued an update on its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $2.36-2.56 for the period, compared to the consensus estimate of $2.44.

9 employees have rated Avista Chief Executive Officer Scott L. Morris on Glassdoor.com. Scott L. Morris has an approval rating of 100% among the company's employees. This puts Scott L. Morris in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avista investors own include AT&T (T), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Energy Transfer (ET), IDACORP (IDA), Johnson & Johnson (JNJ), Coca-Cola (KO), Southern (SO) and Exxon Mobil (XOM).

Avista's stock is owned by many different institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.10%), State of Alaska Department of Revenue (0.06%), Hennessy Advisors Inc. (0.03%), Park Avenue Securities LLC (0.02%), Columbia Advisory Partners LLC (0.01%) and Mather Group LLC. (0.00%). Insiders that own company stock include Bryan Alden Cox, David J Meyer, David J Meyer, Donald C Burke, Heidi B Stanley, James M Kensok, James M Kensok, Jason R Thackston, Kevin J Christie, Kristianne Blake, Mark T Thies, R John Taylor, Scott J Kinney, Scott L Morris and Sena M Kwawu.
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Shares of AVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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