Avista Corp (NYSE:AVA) Director R John Taylor sold 932 shares of Avista stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $51.94, for a total transaction of $48,408.08. Following the completion of the sale, the director now owns 655 shares of the company’s stock, valued at $34,020.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Avista Corp (NYSE AVA) traded up $0.01 during midday trading on Friday, hitting $51.58. 708,100 shares of the stock were exchanged, compared to its average volume of 395,680. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.92. Avista Corp has a 52 week low of $37.78 and a 52 week high of $52.83. The firm has a market capitalization of $3,320.00, a P/E ratio of 25.02 and a beta of 0.42.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.3575 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.77%. Avista’s payout ratio is 71.86%.
A number of research firms have recently weighed in 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 reiterated a “hold” rating on shares of Avista in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Avista currently has an average rating of “Hold” and an average target price of $47.75.
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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