Avista Co. (NYSE:AVA) CEO Jason R. Thackston Sells 2,500 Shares

Avista Co. (NYSE:AVAGet Free Report) CEO Jason R. Thackston sold 2,500 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $36.98, for a total transaction of $92,450.00. Following the completion of the sale, the chief executive officer now directly owns 32,506 shares of the company’s stock, valued at approximately $1,202,071.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Avista Stock Down 0.9 %

AVA stock opened at $36.64 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 1.05. The firm has a 50 day simple moving average of $36.06 and a 200-day simple moving average of $35.01. The company has a market capitalization of $2.86 billion, a P/E ratio of 15.20 and a beta of 0.49. Avista Co. has a twelve month low of $30.53 and a twelve month high of $42.66.

Avista (NYSE:AVAGet Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $469.34 million. Avista had a return on equity of 7.65% and a net margin of 9.96%. Avista’s revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. On average, equities research analysts predict that Avista Co. will post 2.46 earnings per share for the current fiscal year.

Avista Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 5.19%. The ex-dividend date is Wednesday, May 22nd. Avista’s payout ratio is currently 78.84%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on AVA

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Avista during the first quarter worth $27,000. Mather Group LLC. acquired a new stake in shares of Avista during the first quarter worth $32,000. Quarry LP lifted its position in shares of Avista by 67.9% in 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 during the last quarter. Strs Ohio grew its position in shares of Avista by 33.3% during the 4th quarter. Strs Ohio now owns 2,000 shares of the utilities provider’s stock valued at $71,000 after buying an additional 500 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Avista during the 1st quarter valued at about $73,000. Institutional investors and hedge funds 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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Insider Buying and Selling by Quarter for Avista (NYSE:AVA)

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