Avista (NYSE:AVA) Trading 1.3% Higher

Avista Co. (NYSE:AVAGet Rating)’s stock price rose 1.3% during trading on Friday . The stock traded as high as $40.95 and last traded at $40.86. Approximately 1,105 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 351,472 shares. The stock had previously closed at $40.33.

Analyst Upgrades and Downgrades

Separately, Mizuho raised Avista from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday.

Avista Stock Up 1.4 %

The stock has a market cap of $2.98 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53. The firm has a fifty day moving average of $41.99 and a 200 day moving average of $42.88. The company has a quick ratio of 0.56, a current ratio of 0.75 and a debt-to-equity ratio of 1.05.

Avista (NYSE:AVAGet Rating) last posted its earnings results on Wednesday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Avista had a net margin of 9.53% and a return on equity of 6.80%. During the same period in the previous year, the business posted $0.20 earnings per share. On average, equities research analysts anticipate that Avista Co. will post 1.93 EPS for the current fiscal year.

Avista Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 19th were paid a $0.44 dividend. The ex-dividend date was Thursday, August 18th. This represents a $1.76 annualized dividend and a yield of 4.30%. Avista’s dividend payout ratio is presently 85.44%.

Insider Buying and Selling at Avista

In other Avista news, SVP Jason R. Thackston sold 1,250 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $43.37, for a total value of $54,212.50. Following the completion of the transaction, the senior vice president now owns 26,570 shares in the company, valued at $1,152,340.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Avista

Hedge funds have recently made changes to their positions in the business. Profund Advisors LLC boosted its stake in shares of Avista by 20.2% during the first quarter. Profund Advisors LLC now owns 12,582 shares of the utilities provider’s stock worth $568,000 after buying an additional 2,112 shares during the period. Bennicas & Associates Inc. acquired a new stake in shares of Avista during the first quarter worth about $212,000. Duality Advisers LP acquired a new stake in Avista in the first quarter valued at about $898,000. Advisor Partners LLC lifted its position in Avista by 8.6% in the first quarter. Advisor Partners LLC now owns 6,749 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 536 shares during the period. Finally, Shelton Capital Management acquired a new stake in Avista in the first quarter valued at about $205,000. Institutional investors and hedge funds own 83.39% of the company’s stock.

About Avista

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Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in 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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