Insider Selling: Avista Corp VP Unloads 1,000 Shares of Stock (AVA)
Avista Corp (NYSE:AVA) VP Roger D. Woodworth unloaded 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $31.50, for a total transaction of $31,500.00. Following the transaction, the vice president now directly owns 25,820 shares of the company’s stock, valued at approximately $813,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Avista Corp (NYSE:AVA) opened at 31.66 on Friday. Avista Corp has a 1-year low of $25.55 and a 1-year 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 P/E ratio of 16.32.
Avista Corp (NYSE:AVA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue 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 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 4.01%. The ex-dividend date is Tuesday, May 20th.
A number of analysts have recently weighed in on AVA shares. 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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