Shares of Avista Corp. (NYSE:AVA) traded down 2% on Thursday . The stock traded as low as $44.08 and last traded at $44.09, with a volume of 182,989 shares. The stock had previously closed at $44.97.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Avista Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $42.00 price objective on shares of Avista Corp. in a research note on Wednesday, June 22nd. Williams Capital upped their price objective on shares of Avista Corp. from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, May 5th. Finally, Mizuho assumed coverage on shares of Avista Corp. in a research note on Thursday, March 31st. They set a “neutral” rating and a $41.00 price objective on the stock.

The company’s 50 day moving average is $42.13 and its 200-day moving average is $39.34. The company has a market cap of $2.79 billion and a price-to-earnings ratio of 20.81.

Avista Corp. (NYSE:AVA) last posted its earnings results on Wednesday, May 4th. The company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.09. The business had revenue of $418.20 million for the quarter, compared to the consensus estimate of $477.79 million. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Equities analysts anticipate that Avista Corp. will post $2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Thursday, May 26th were issued a dividend of $0.3425 per share. This represents a $1.37 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, May 24th.

In other Avista Corp. news, Director Erik J. Anderson sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $42.36, for a total transaction of $101,664.00. Following the sale, the director now directly owns 18,595 shares of the company’s stock, valued at approximately $787,684.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James M. Kensok sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $41.09, for a total transaction of $26,708.50. Following the sale, the vice president now directly owns 13,876 shares in the company, valued at $570,164.84. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Avista Corp. by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 982,096 shares of the company’s stock worth $34,737,000 after buying an additional 18,160 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Avista Corp. by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 409,084 shares of the company’s stock worth $14,469,000 after buying an additional 8,724 shares during the period. Richard C. Young & CO. LTD. increased its position in shares of Avista Corp. by 3.5% in the fourth quarter. Richard C. Young & CO. LTD. now owns 219,542 shares of the company’s stock worth $7,765,000 after buying an additional 7,437 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Avista Corp. by 9.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 136,654 shares of the company’s stock worth $4,833,000 after buying an additional 11,914 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Avista Corp. by 6.6% in the fourth quarter. Rhumbline Advisers now owns 118,452 shares of the company’s stock worth $4,190,000 after buying an additional 7,290 shares during the period.

Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon.

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