Bryan Alden Cox Purchases 3,671 Shares of Avista (NYSE:AVA) Stock

Avista Corporation (NYSE:AVA) SVP Bryan Alden Cox acquired 3,671 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was purchased at an average price of $35.55 per share, with a total value of $130,504.05. Following the purchase, the senior vice president owned 9,989 shares in the company, valued at approximately $355,108.95. The trade was a 58.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Avista Stock Up 1.1%

Avista stock opened at $36.45 on Friday. The firm has a 50 day moving average price of $37.03 and a 200-day moving average price of $38.59. The company has a market capitalization of $2.96 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.38 and a beta of 0.41. Avista Corporation has a twelve month low of $34.80 and a twelve month high of $43.09. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 1.06.

Avista (NYSE:AVA) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.11). The firm had revenue of $400.00 million during the quarter, compared to the consensus estimate of $416.06 million. Avista had a net margin of 9.13% and a return on equity of 6.86%. During the same period in the previous year, the business earned $0.29 earnings per share. As a group, equities analysts predict that Avista Corporation will post 2.3 EPS for the current year.

Avista Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, August 19th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Avista’s dividend payout ratio (DPR) is 88.29%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Avista by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 14,042 shares of the utilities provider’s stock worth $533,000 after acquiring an additional 269 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in shares of Avista by 0.6% during the second quarter. Convergence Investment Partners LLC now owns 49,613 shares of the utilities provider’s stock valued at $1,883,000 after purchasing an additional 286 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Avista by 3.7% during the second quarter. Ameritas Investment Partners Inc. now owns 8,226 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 295 shares during the last quarter. Xponance Inc. raised its holdings in shares of Avista by 5.5% during the first quarter. Xponance Inc. now owns 5,934 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 307 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in Avista by 3.2% during the first quarter. Moors & Cabot Inc. now owns 10,131 shares of the utilities provider’s stock valued at $424,000 after buying an additional 313 shares during the last quarter. Institutional investors own 85.24% of the company’s stock.

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.