Avista Corp (AVA) Insider Jason R. Thackston Sells 1,500 Shares
Avista Corp (NYSE:AVA) insider Jason R. Thackston sold 1,500 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $51.58, for a total value of $77,370.00. Following the transaction, the insider now owns 22,974 shares of the company’s stock, valued at $1,184,998.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Avista Corp (NYSE:AVA) traded down $0.18 during mid-day trading on Wednesday, reaching $51.40. The company’s stock had a trading volume of 539,100 shares, compared to its average volume of 444,719. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.37 and a current ratio of 0.47. The company has a market capitalization of $3,322.53, a P/E ratio of 25.04 and a beta of 0.42. Avista Corp has a 12-month low of $37.78 and a 12-month high of $52.83.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.3575 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.43 dividend on an annualized basis and a yield of 2.78%. Avista’s dividend payout ratio is 71.86%.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Avista from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. KeyCorp restated a “hold” rating on shares of Avista in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $47.75.
Avista 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.
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