Avista Co. (NYSE:AVA) – Equities researchers at KeyCorp issued their Q1 2021 earnings per share estimates for Avista in a research report issued on Tuesday, January 12th. KeyCorp analyst S. Karp forecasts that the utilities provider will earn $0.84 per share for the quarter. KeyCorp also issued estimates for Avista’s Q3 2021 earnings at $0.12 EPS and Q4 2021 earnings at $0.81 EPS.
Avista (NYSE:AVA) last posted its earnings results on Monday, November 9th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). Avista had a return on equity of 6.19% and a net margin of 9.31%. The company had revenue of $272.65 million for the quarter, compared to analysts’ expectations of $301.10 million. During the same quarter in the prior year, the company earned $0.08 EPS.
Shares of NYSE:AVA opened at $39.93 on Thursday. The business’s fifty day moving average price is $39.16 and its two-hundred day moving average price is $36.69. Avista has a fifty-two week low of $32.09 and a fifty-two week high of $53.00. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.63 and a quick ratio of 0.49.
A number of hedge funds have recently modified their holdings of the business. Freestone Capital Holdings LLC purchased a new stake in shares of Avista during the 3rd quarter valued at about $40,000. Point72 Hong Kong Ltd grew its stake in Avista by 345.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,672 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 1,297 shares during the last quarter. Neo Ivy Capital Management grew its stake in Avista by 243.4% in the third quarter. Neo Ivy Capital Management now owns 1,923 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,363 shares during the last quarter. Captrust Financial Advisors purchased a new position in Avista in the third quarter valued at about $148,000. Finally, Whittier Trust Co. grew its stake in Avista by 769.2% in the third quarter. Whittier Trust Co. now owns 5,650 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.
In other news, VP Kevin J. Christie sold 1,000 shares of Avista stock in a transaction on Friday, November 6th. The shares were sold at an average price of $33.83, for a total transaction of $33,830.00. Also, VP Jason R. Thackston sold 1,100 shares of the business’s stock in a transaction on Friday, December 11th. The shares were sold at an average price of $38.96, for a total transaction of $42,856.00. Following the completion of the sale, the vice president now directly owns 21,864 shares in the company, valued at $851,821.44. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Thursday, December 3rd were paid a $0.405 dividend. The ex-dividend date was Wednesday, December 2nd. This represents a $1.62 dividend on an annualized basis and a yield of 4.06%. Avista’s payout ratio is presently 93.10%.
Avista Company Profile
Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
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