Insider Selling: Avista Corp (AVA) Insider Sells $77,370.00 in Stock

Avista Corp (NYSE:AVA) insider Jason R. Thackston sold 1,500 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $51.58, for a total value of $77,370.00. Following the sale, the insider now directly owns 22,974 shares in the company, valued at approximately $1,184,998.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Avista Corp (AVA) traded up $0.07 during trading on Friday, hitting $51.48. The stock had a trading volume of 1,330,000 shares, compared to its average volume of 419,093. Avista Corp has a 1-year low of $37.78 and a 1-year high of $52.83. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3,312.23, a price-to-earnings ratio of 24.96 and a beta of 0.42.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.3575 dividend. This represents a $1.43 annualized dividend and a yield of 2.78%. The ex-dividend date was Thursday, November 30th. Avista’s dividend payout ratio (DPR) is presently 71.86%.

A number of analysts have recently weighed in on AVA shares. KeyCorp reaffirmed a “hold” rating on shares of Avista in a research report on Friday, October 20th. Zacks Investment Research raised Avista from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. One investment 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. The stock has a consensus rating of “Hold” and an average target price of $47.75.

A number of large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in Avista by 0.3% in the second quarter. Advisors Asset Management Inc. now owns 13,628 shares of the utilities provider’s stock valued at $579,000 after buying an additional 39 shares during the last quarter. Arizona State Retirement System increased its holdings in Avista by 0.3% in the second quarter. Arizona State Retirement System now owns 33,622 shares of the utilities provider’s stock valued at $1,428,000 after buying an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Avista by 3.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,653 shares of the utilities provider’s stock valued at $240,000 after buying an additional 183 shares during the last quarter. Amalgamated Bank increased its holdings in Avista by 2.4% in the second quarter. Amalgamated Bank now owns 8,789 shares of the utilities provider’s stock valued at $373,000 after buying an additional 207 shares during the last quarter. Finally, Suntrust Banks Inc. increased its holdings in Avista by 0.5% in the second quarter. Suntrust Banks Inc. now owns 49,360 shares of the utilities provider’s stock valued at $2,095,000 after buying an additional 231 shares during the last quarter. 77.35% of the stock is currently owned by hedge funds and other institutional investors.

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About Avista

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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