Insider Selling: Avista Corp (NYSE:AVA) Insider Sells 10,004 Shares of Stock

Avista Corp (NYSE:AVA) insider Marian M. Durkin sold 10,004 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $44.11, for a total transaction of $441,276.44. Following the completion of the transaction, the insider now owns 78,451 shares in the company, valued at $3,460,473.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of AVA stock traded down $0.13 on Monday, hitting $43.97. The company’s stock had a trading volume of 8,726 shares, compared to its average volume of 480,541. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.64 and a quick ratio of 0.54. The business has a 50 day simple moving average of $42.61. Avista Corp has a fifty-two week low of $39.75 and a fifty-two week high of $52.91. The company has a market cap of $2.90 billion, a P/E ratio of 20.79, a PEG ratio of 7.10 and a beta of 0.41.

Avista (NYSE:AVA) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.31). The firm had revenue of $377.70 million for the quarter. Avista had a return on equity of 6.48% and a net margin of 14.26%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. On average, sell-side analysts anticipate that Avista Corp will post 1.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.3875 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $1.55 dividend on an annualized basis and a yield of 3.53%. Avista’s payout ratio is 73.46%.

A number of institutional investors have recently made changes to their positions in AVA. BlackRock Inc. boosted its stake in Avista by 8.1% in the first quarter. BlackRock Inc. now owns 12,524,697 shares of the utilities provider’s stock worth $508,754,000 after buying an additional 938,978 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Avista by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,341,432 shares of the utilities provider’s stock valued at $56,984,000 after purchasing an additional 9,594 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Avista in the fourth quarter valued at approximately $25,000. Acadian Asset Management LLC acquired a new stake in shares of Avista in the first quarter valued at approximately $40,892,000. Finally, Citigroup Inc. increased its holdings in shares of Avista by 7.2% in the fourth quarter. Citigroup Inc. now owns 841,968 shares of the utilities provider’s stock valued at $35,766,000 after purchasing an additional 56,271 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Several equities analysts recently commented on AVA shares. TheStreet upgraded shares of Avista from a “c+” rating to a “b-” rating in a research note on Monday, June 10th. Zacks Investment Research upgraded shares of Avista from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Bank of America started coverage on shares of Avista in a research note on Thursday, May 9th. They issued an “underperform” rating and a $43.00 price target on the stock. Finally, KeyCorp restated an “underweight” rating and issued a $35.00 price target on shares of Avista in a research note on Wednesday, June 5th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.25.

TRADEMARK VIOLATION WARNING: “Insider Selling: Avista Corp (NYSE:AVA) Insider Sells 10,004 Shares of Stock” was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.themarketsdaily.com/2019/06/17/insider-selling-avista-corp-nyseava-insider-sells-10004-shares-of-stock.html.

Avista Company Profile

Avista Corporation operates as an electric and natural gas utility company. It operates through 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.

Featured Article: How to interpret Moving Average Convergence Divergence (MACD)

Insider Buying and Selling by Quarter for Avista (NYSE:AVA)

Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter.