Avista Corporation (NYSE:AVA) VP James M. Kensok sold 4,700 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $52.01, for a total transaction 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 approximately $665,051.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Avista Corporation (NYSE AVA) traded down $0.31 on Friday, reaching $51.89. 153,064 shares of the company’s stock traded hands, compared to its average volume of 408,042. The stock has a market cap of $3,344.44, a price-to-earnings ratio of 25.20 and a beta of 0.44.

Avista Corporation (NYSE:AVA) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). The firm had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $326.33 million. Avista Corporation had a net margin of 8.86% and a return on equity of 7.94%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. equities analysts forecast that Avista Corporation will post 1.83 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/03/insider-selling-avista-corporation-ava-vp-sells-4700-shares-of-stock.html.

A number of brokerages have recently commented on AVA. Zacks Investment Research downgraded shares of Avista Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price objective on shares of Avista Corporation in a research note on Friday, July 21st. BidaskClub upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. KeyCorp restated a “hold” rating on shares of Avista Corporation in a research report on Friday, October 20th. Finally, Williams Capital cut shares of Avista Corporation from a “hold” rating to a “sell” rating and upped their price objective for the stock from $38.00 to $42.00 in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.75.

A number of large investors have recently modified their holdings of AVA. ARP Americas LLC bought a new position in Avista Corporation during the third quarter worth about $16,595,000. State of Wisconsin Investment Board purchased a new stake in Avista Corporation in the third quarter valued at approximately $14,734,000. Vanguard Group Inc. raised its stake in Avista Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,254,298 shares of the utilities provider’s stock valued at $244,231,000 after purchasing an additional 233,359 shares in the last quarter. Northern Trust Corp raised its stake in shares of Avista Corporation by 6.7% during the second quarter. Northern Trust Corp now owns 1,934,063 shares of the utilities provider’s stock worth $82,120,000 after acquiring an additional 122,115 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its stake in shares of Avista Corporation by 59.5% during the second quarter. Balyasny Asset Management LLC now owns 322,218 shares of the utilities provider’s stock worth $13,681,000 after acquiring an additional 120,177 shares in the last quarter. Hedge funds and other institutional investors own 67.86% of the company’s stock.

Avista Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Avista Corporation (NYSE:AVA)

Receive News & Ratings for Avista Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corporation and related companies with MarketBeat.com's FREE daily email newsletter.