ValuEngine cut shares of Avista (NYSE:AVA) from a buy rating to a hold rating in a research report sent to investors on Tuesday, December 26th.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Avista from a hold rating to a sell rating in a report on Tuesday, October 10th. KeyCorp reiterated a hold rating on shares of Avista in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Avista currently has a consensus rating of Hold and an average target price of $47.75.
Avista (AVA) traded up $0.07 during mid-day trading on Tuesday, hitting $51.49. The stock had a trading volume of 329,459 shares, compared to its average volume of 299,307. The company has a market capitalization of $3,312.23, a P/E ratio of 25.87 and a beta of 0.42. Avista has a 12 month low of $37.78 and a 12 month high of $52.83. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.92.
Avista (NYSE:AVA) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Avista had a return on equity of 7.94% and a net margin of 8.86%. analysts predict that Avista will post 1.83 EPS for the current year.
In other Avista news, Director R John Taylor sold 932 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $51.94, for a total value of $48,408.08. Following the completion of the transaction, the director now directly owns 655 shares of the company’s stock, valued at $34,020.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP James M. Kensok sold 4,700 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $52.01, for a total value of $244,447.00. Following the completion of the transaction, the vice president now directly owns 12,787 shares of the company’s stock, valued at $665,051.87. The disclosure for this sale can be found here. Insiders sold 7,632 shares of company stock valued at $396,130 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Avista by 1.0% in the second quarter. Vanguard Group Inc. now owns 6,314,947 shares of the utilities provider’s stock valued at $268,133,000 after acquiring an additional 60,649 shares during the period. Magnetar Financial LLC acquired a new position in Avista in the third quarter valued at about $142,309,000. Northern Trust Corp grew its stake in Avista by 6.7% in the second quarter. Northern Trust Corp now owns 1,934,063 shares of the utilities provider’s stock valued at $82,120,000 after acquiring an additional 122,115 shares during the period. State Street Corp grew its stake in Avista by 3.7% in the second quarter. State Street Corp now owns 1,813,385 shares of the utilities provider’s stock valued at $76,993,000 after acquiring an additional 65,314 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Avista by 136.9% in the third quarter. JPMorgan Chase & Co. now owns 1,605,798 shares of the utilities provider’s stock valued at $82,891,000 after acquiring an additional 928,010 shares during the period. 77.33% of the stock is owned by hedge funds and other institutional investors.
Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.
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