KeyCorp Has Negative Outlook of Avista FY2025 Earnings

Avista Corporation (NYSE:AVAFree Report) – KeyCorp decreased their FY2025 EPS estimates for shares of Avista in a report issued on Wednesday, October 15th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $2.55 per share for the year, down from their prior estimate of $2.62. The consensus estimate for Avista’s current full-year earnings is $2.30 per share. KeyCorp also issued estimates for Avista’s FY2026 earnings at $2.76 EPS, FY2027 earnings at $2.89 EPS, FY2028 earnings at $3.04 EPS and FY2029 earnings at $3.19 EPS.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Avista in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.00.

Get Our Latest Analysis on Avista

Avista Trading Up 0.9%

Shares of NYSE AVA opened at $38.38 on Thursday. Avista has a 1 year low of $34.80 and a 1 year high of $43.09. The stock has a market cap of $3.11 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 2.17 and a beta of 0.39. The firm has a 50-day moving average of $36.92 and a 200 day moving average of $38.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 0.68.

Avista (NYSE:AVAGet Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.11). Avista had a net margin of 9.13% and a return on equity of 6.86%. The business had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $416.06 million. During the same period last year, the business earned $0.29 earnings per share.

Avista Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, August 19th were issued a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.96 annualized dividend and a yield of 5.1%. Avista’s payout ratio is 88.29%.

Insider Activity

In other news, SVP Bryan Alden Cox bought 3,671 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was acquired at an average cost of $35.55 per share, with a total value of $130,504.05. Following the completion of the acquisition, the senior vice president owned 9,989 shares of the company’s stock, valued at approximately $355,108.95. This represents a 58.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David J. Meyer sold 1,367 shares of Avista stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $36.72, for a total transaction of $50,196.24. Following the completion of the transaction, the vice president directly owned 8,394 shares of the company’s stock, valued at $308,227.68. This trade represents a 14.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Avista by 4.9% during the third quarter. CWM LLC now owns 12,322 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 571 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Avista during the third quarter valued at approximately $498,000. ZWJ Investment Counsel Inc. raised its holdings in shares of Avista by 7.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 6,465 shares of the utilities provider’s stock valued at $244,000 after purchasing an additional 475 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Avista by 1,003.2% during the third quarter. Farther Finance Advisors LLC now owns 3,144 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 2,859 shares during the last quarter. Finally, Parcion Private Wealth LLC raised its holdings in shares of Avista by 9.6% during the third quarter. Parcion Private Wealth LLC now owns 8,153 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 711 shares during the last quarter. 85.24% of the stock is owned by hedge funds and other institutional investors.

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.

See Also

Earnings History and Estimates for Avista (NYSE:AVA)

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