Avista Corp (AVA) Receives Consensus Rating of “Hold” from Analysts

Avista Corp (NYSE:AVA) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $44.00.

Several brokerages have recently commented on AVA. Zacks Investment Research downgraded shares of Avista from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. KeyCorp restated a “hold” rating on shares of Avista in a research report on Friday, October 20th. Finally, ValuEngine downgraded shares of Avista from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th.

Avista (NYSE:AVA) opened at $51.61 on Monday. The firm has a market cap of $3,320.00, a price-to-earnings ratio of 25.93 and a beta of 0.42. Avista has a one year low of $37.78 and a one year high of $52.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.37 and a current ratio of 0.47.

Avista (NYSE:AVA) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Avista had a return on equity of 7.94% and a net margin of 8.86%. equities research analysts forecast that Avista will post 1.83 earnings per share for the current fiscal year.

In other Avista news, VP Kevin J. Christie sold 500 shares of Avista stock in a transaction on Monday, November 6th. The shares were sold at an average price of $51.81, for a total value of $25,905.00. Following the sale, the vice president now directly owns 1,992 shares in the company, valued at approximately $103,205.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP James M. Kensok sold 4,700 shares of Avista 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 sale, the vice president now owns 12,787 shares in the company, valued at $665,051.87. The disclosure for this sale can be found here. Insiders have sold a total of 7,632 shares of company stock worth $396,130 over the last 90 days. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. increased its holdings in Avista by 3.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,653 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 183 shares during the last quarter. Amalgamated Bank increased its holdings in Avista by 2.4% in the 2nd quarter. Amalgamated Bank now owns 8,789 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 207 shares during the last quarter. Suntrust Banks Inc. increased its holdings in Avista by 0.5% in the 2nd quarter. Suntrust Banks Inc. now owns 49,360 shares of the utilities provider’s stock valued at $2,095,000 after acquiring an additional 231 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Avista by 8.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the utilities provider’s stock valued at $134,000 after acquiring an additional 244 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Avista by 2.2% in the 2nd quarter. Stifel Financial Corp now owns 13,189 shares of the utilities provider’s stock valued at $559,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 77.33% of the company’s stock.

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About Avista

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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