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.
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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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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