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.
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.
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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.
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