Avista Corporation (NYSE:AVA) Director Sells $48,408.08 in Stock

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%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in Avista by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 158,171 shares of the utilities provider’s stock valued at $8,189,000 after purchasing an additional 5,591 shares during the last quarter. Pentwater Capital Management LP purchased a new position in shares of Avista during the 3rd quarter worth approximately $13,913,000. Saturna Capital CORP purchased a new position in shares of Avista during the 3rd quarter worth approximately $233,000. Magnetar Financial LLC purchased a new position in shares of Avista during the 3rd quarter worth approximately $142,309,000. Finally, AMP Capital Investors Ltd grew its holdings in shares of Avista by 33.9% during the 3rd quarter. AMP Capital Investors Ltd now owns 17,000 shares of the utilities provider’s stock worth $880,000 after acquiring an additional 4,300 shares during the period. 77.35% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Avista (NYSE:AVA)

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