A number of other research firms have also issued reports on AVA. Mizuho increased their price target on Avista from $40.00 to $44.00 and gave the company a neutral rating in a research report on Tuesday, December 13th. KeyCorp cut Avista from a sector weight rating to an underweight rating and set a $33.00 price target for the company. in a report on Tuesday, November 1st. Finally, Guggenheim dropped their price target on Avista from $34.00 to $33.00 in a research note on Monday, October 24th.
Avista Price Performance
AVA opened at $41.20 on Monday. The company’s 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $41.11. Avista has a 52-week low of $35.72 and a 52-week high of $46.90. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a market capitalization of $3.04 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.45 and a beta of 0.53.
Avista Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, November 18th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Thursday, November 17th. Avista’s payout ratio is 98.88%.
Institutional Trading of Avista
Institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. boosted its stake in Avista by 3.8% in the 1st quarter. D.A. Davidson & CO. now owns 6,983 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 254 shares during the period. Arizona State Retirement System raised its holdings in Avista by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 19,396 shares of the utilities provider’s stock valued at $844,000 after acquiring an additional 266 shares during the period. Captrust Financial Advisors increased its holdings in shares of Avista by 2.8% during the second quarter. Captrust Financial Advisors now owns 10,050 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 271 shares during the period. Prudential Financial Inc. increased its holdings 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 worth $3,319,000 after purchasing an additional 274 shares during the period. Finally, Ten Capital Wealth Advisors LLC increased its holdings in shares of Avista by 4.7% during the third quarter. Ten Capital Wealth Advisors LLC now owns 8,069 shares of the utilities provider’s stock worth $299,000 after purchasing an additional 365 shares during the period. Institutional investors own 82.92% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Avista (AVA)
- Is the Northrop Grumman Selloff an Opportunity?
- Is the Worst Behind for Under Armor Stock with a New CEO?
- What Does Microsoft’s Investment in ChatGBT Mean for MSFT Stock?
- Analysts Like The Fit Of Skechers USA
- Can We Trust The Rally In The S&P 500
Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter.