Avista Corp VP Sells $31,500 in Stock (AVA)
Avista Corp (NYSE:AVA) VP Roger D. Woodworth unloaded 1,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $31.50, for a total value of $31,500.00. Following the completion of the transaction, the vice president now directly owns 25,820 shares in the company, valued at approximately $813,330. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Avista Corp (NYSE:AVA) traded down 0.44% during mid-day trading on Friday, hitting $31.66. The stock had a trading volume of 332,477 shares. 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 $29.56. The company has a market cap of $1.905 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. Analysts expect that Avista Corp will post $1.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Thursday, May 22nd will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, May 20th.
AVA has been the subject of a number of recent research reports. 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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