Avista Corporation (NYSE:AVA) Director R John Taylor sold 932 shares of Avista stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $51.94, for a total value of $48,408.08. Following the sale, the director now directly owns 655 shares of the company’s stock, valued at approximately $34,020.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Avista Corporation (NYSE AVA) traded down $0.12 on Friday, reaching $51.55. The company’s stock had a trading volume of 606,200 shares, compared to its average volume of 443,304. The company has a market cap of $3,328.33, a price-to-earnings ratio of 25.08 and a beta of 0.42. 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 fifty-two week low of $37.78 and a fifty-two week high of $52.83.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, November 30th. Avista’s payout ratio is 71.86%.
AVA has been the subject of a number of recent research reports. Zacks Investment Research lowered Avista from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. KeyCorp reissued a “hold” rating on shares of Avista in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $47.75.
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Avista 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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