Avista Corporation (NYSE:AVA) VP James M. Kensok sold 4,700 shares of the business’s stock in a transaction that occurred 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 directly owns 12,787 shares in the company, valued at $665,051.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Avista Corporation (AVA) opened at $52.07 on Wednesday. The stock has a market cap of $3,341.86, a price-to-earnings ratio of 25.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.37. Avista Corporation has a twelve month low of $37.78 and a twelve month high of $52.83.
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Several equities research analysts recently weighed in on AVA shares. Zacks Investment Research raised shares of Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, July 21st. BidaskClub upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets reiterated a “hold” rating and set a $53.00 price target on shares of Avista Corporation in a report on Friday, July 21st. KeyCorp reiterated a “hold” rating on shares of Avista Corporation in a report on Friday, October 20th. Finally, Williams Capital cut shares of Avista Corporation from a “hold” rating to a “sell” rating and boosted their price target for the stock from $38.00 to $42.00 in a report on Thursday, July 20th. One 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 company has an average rating of “Hold” and an average price target of $47.75.
A number of large investors have recently modified their holdings of the stock. Magnetar Financial LLC purchased a new position in Avista Corporation during the 3rd quarter worth $142,309,000. JPMorgan Chase & Co. increased its stake in shares of Avista Corporation by 136.9% in the third quarter. JPMorgan Chase & Co. now owns 1,605,798 shares of the utilities provider’s stock worth $82,891,000 after buying an additional 928,010 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Avista Corporation by 157.3% in the third quarter. Allianz Asset Management GmbH now owns 613,299 shares of the utilities provider’s stock worth $31,751,000 after buying an additional 374,970 shares during the last quarter. ARP Americas LLC bought a new stake in shares of Avista Corporation in the third quarter worth $16,595,000. Finally, State of Wisconsin Investment Board bought a new stake in shares of Avista Corporation in the third quarter worth $14,734,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.
Avista Corporation 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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