Avista Corp. (AVA) SVP Sells $38,855.00 in Stock
Avista Corp. (NYSE:AVA) SVP Jason R. Thackston sold 950 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $40.90, for a total transaction of $38,855.00. Following the transaction, the senior vice president now directly owns 17,232 shares in the company, valued at $704,788.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Avista Corp. (NYSE:AVA) opened at 41.98 on Tuesday. The stock has a 50 day moving average of $41.70 and a 200 day moving average of $41.39. The stock has a market capitalization of $2.67 billion, a PE ratio of 19.33 and a beta of 0.45. Avista Corp. has a 52-week low of $31.26 and a 52-week high of $45.22.
Avista Corp. (NYSE:AVA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.02. The company had revenue of $234.79 million for the quarter, compared to the consensus estimate of $316.24 million. Avista Corp. had a net margin of 9.38% and a return on equity of 8.32%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. Analysts forecast that Avista Corp. will post $2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, August 30th. Avista Corp.’s payout ratio is currently 64.02%.
Several large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. bought a new stake in Avista Corp. during the second quarter valued at about $107,000. Tower Research Capital LLC TRC boosted its stake in shares of Avista Corp. by 24,520.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,462 shares of the company’s stock valued at $111,000 after buying an additional 2,452 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Avista Corp. during the second quarter valued at $117,000. Manchester Capital Management LLC acquired a new stake in shares of Avista Corp. during the first quarter valued at $155,000. Finally, Bank of Montreal Can acquired a new stake in shares of Avista Corp. during the second quarter valued at $181,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.
A number of equities research analysts have recently issued reports on AVA shares. Zacks Investment Research cut shares of Avista Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. BMO Capital Markets reissued a “hold” rating and set a $42.00 price target on shares of Avista Corp. in a research report on Wednesday, June 22nd.
Avista Corp. Company Profile
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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