Avista (AVA) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avista in the last twelve months. There are currently 2 sell ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" AVA shares.
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2 Wall Street analysts have issued 12 month target prices for Avista's stock. Their AVA share price forecasts range from $33.00 to $38.00. On average, they anticipate the company's share price to reach $34.67 in the next year. This suggests that the stock has a possible downside of 16.6%.
View analysts price targets for AVA or view top-rated stocks among Wall Street analysts.

Avista's stock was trading at $44.34 at the start of the year. Since then, AVA stock has decreased by 6.2% and is now trading at $41.59.
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Avista saw a drop in short interest in April. As of April 30th, there was short interest totaling 2,500,000 shares, a drop of 6.0% from the April 15th total of 2,660,000 shares. Based on an average daily volume of 559,700 shares, the days-to-cover ratio is presently 4.5 days.
View Avista's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our AVA earnings forecast.

Avista Co. (NYSE:AVA) announced its quarterly earnings data on Wednesday, May, 3rd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by $0.43. The utilities provider had revenue of $474.60 million for the quarter, compared to analysts' expectations of $485.37 million. Avista had a trailing twelve-month return on equity of 6.02% and a net margin of 8.04%. Avista's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share.

Avista declared a quarterly dividend on Thursday, May 11th. Investors of record on Friday, May 26th will be paid a dividend of $0.46 per share on Thursday, June 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, May 25th.
Read our dividend analysis for AVA.

ETFs with the largest weight of Avista (NYSE:AVA) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco High Yield Equity Dividend Achievers ETF (PEY), Changebridge Select Equity ETF (CBSE), Changebridge Long/Short Equity ETF (CBLS), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), SPDR S&P Dividend ETF (SDY) and VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB).

Avista (NYSE:AVA) pays an annual dividend of $1.84 per share and currently has a dividend yield of 4.45%. AVA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 98.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AVA will have a dividend payout ratio of 75.41% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AVA.

Avista updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $2.27-$2.47 for the period, compared to the consensus estimate of $2.32. The company issued revenue guidance of -.

9 employees have rated Avista Chief Executive Officer Scott L. Morris on Glassdoor.com. Scott L. Morris has an approval rating of 100% among the company's employees. This puts Scott L. Morris in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avista investors own include AT&T (T), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Energy Transfer (ET), IDACORP (IDA), Johnson & Johnson (JNJ), Coca-Cola (KO), Southern (SO) and Exxon Mobil (XOM).

Avista trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVA."

Avista's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.04%), State Street Corp (15.90%), First Trust Advisors LP (2.49%), Ameriprise Financial Inc. (2.19%), Nuance Investments LLC (2.01%) and Hotchkis & Wiley Capital Management LLC (1.93%). Insiders that own company stock include Bryan Alden Cox, David J Meyer, David J Meyer, Heidi B Stanley, James M Kensok, James M Kensok, Jason R Thackston, Kevin J Christie, Kristianne Blake, Mark T Thies, R John Taylor, Scott L Morris and Sena M Kwawu.
View institutional ownership trends.

Shares of AVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVA stock can currently be purchased for approximately $41.59.

Avista (NYSE:AVA) has a market capitalization of $3.15 billion and generates $1.71 billion in revenue each year. The utilities provider earns $155.18 million in net income (profit) each year or $1.86 on an earnings per share basis.

The company employs 1,767 workers across the globe.

Avista's mailing address is 1411 E MISSION AVE, SPOKANE WA, 99202. The official website for the company is www.avistacorp.com. The utilities provider can be reached via phone at (509) 489-0500, via email at john.wilcox@avistacorp.com, or via fax at 509-777-5075.