Avista Corp Director Heidi B. Stanley Unloads 1,400 Shares (AVA)
Avista Corp (NYSE:AVA) Director Heidi B. Stanley sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $31.06, for a total transaction of $43,484.00. Following the completion of the transaction, the director now directly owns 12,304 shares in the company, valued at approximately $382,162. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Avista Corp (NYSE:AVA) traded down 0.53% on Friday, hitting $31.63. 204,240 shares of the company’s stock traded hands. Avista Corp has a 52-week low of $25.55 and a 52-week high of $32.94. The stock’s 50-day moving average is $31.77 and its 200-day moving average is $29.55. The company has a market cap of $1.903 billion and a price-to-earnings ratio of 16.32.
Avista Corp (NYSE:AVA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The company had revenue of $490.96 million for the quarter, compared to the consensus estimate of $488.92 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Avista Corp will post $1.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Tuesday, May 20th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Avista Corp from an “outperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $34.70 price target on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Avista Corp in a research note on Monday, April 7th. They set a “fair value” rating and a $32.00 price target on the stock.
Avista Corporation (NYSE:AVA) is an energy company engaged in the generation, transmission and distribution of energy, as well as other energy-related businesses.
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