Analysts Set Avista Corporation (AVA) Target Price at $41.00
Shares of Avista Corporation (NYSE:AVA) have been given an average rating of “Hold” by the five brokerages that are presently covering the company. Five equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.00.
Several research firms have issued reports on AVA. Guggenheim began coverage on shares of Avista Corporation in a research report on Thursday, November 3rd. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Avista Corporation from a “buy” rating to a “hold” rating in a research report on Monday, December 19th.
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Several institutional investors have recently modified their holdings of the stock. Summit Global Investments purchased a new position in shares of Avista Corporation during the fourth quarter valued at approximately $368,000. Two Sigma Investments LP purchased a new position in shares of Avista Corporation during the fourth quarter valued at approximately $686,000. Public Sector Pension Investment Board increased its position in shares of Avista Corporation by 2.0% in the fourth quarter. Public Sector Pension Investment Board now owns 45,676 shares of the company’s stock valued at $1,827,000 after buying an additional 900 shares during the period. Menta Capital LLC purchased a new position in shares of Avista Corporation during the fourth quarter valued at approximately $1,245,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Avista Corporation during the fourth quarter valued at approximately $668,000. 67.54% of the stock is owned by hedge funds and other institutional investors.
Avista Corporation (NYSE:AVA) opened at 39.52 on Friday. Avista Corporation has a 1-year low of $36.89 and a 1-year high of $45.22. The firm has a market cap of $2.54 billion, a P/E ratio of 18.36 and a beta of 0.37. The firm’s 50-day moving average price is $39.12 and its 200-day moving average price is $40.60.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a dividend yield of 3.62%. This is an increase from Avista Corporation’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, February 22nd. Avista Corporation’s dividend payout ratio is 64.62%.
Avista Corporation 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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