Avista Corporation to Issue Quarterly Dividend of $0.49 (NYSE:AVA)

Avista Corporation (NYSE:AVA) declared a quarterly dividend on Wednesday, November 12th. Investors of record on Monday, November 24th will be paid a dividend of 0.49 per share by the utilities provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, November 24th.

Avista has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 23 consecutive years. Avista has a payout ratio of 71.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Avista to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 77.5%.

Avista Stock Performance

Shares of AVA stock opened at $41.69 on Thursday. Avista has a 12 month low of $34.80 and a 12 month high of $43.09. The firm has a market capitalization of $3.39 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.14 and a beta of 0.39. The firm has a fifty day simple moving average of $37.83 and a two-hundred day simple moving average of $37.97. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Avista (NYSE:AVA) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The company had revenue of $403.00 million for the quarter, compared to analyst estimates of $402.50 million. Avista had a net margin of 9.13% and a return on equity of 6.86%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. Avista has set its FY 2025 guidance at 2.520-2.720 EPS. Analysts forecast that Avista will post 2.3 EPS for the current fiscal year.

Analyst Ratings Changes

AVA has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of Avista to a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group boosted their price target on shares of Avista from $40.00 to $41.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avista in a report on Wednesday, October 8th. Finally, Mizuho set a $42.00 target price on shares of Avista in a report on Thursday, November 6th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.33.

Avista Company Profile

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.