Avista (AVA) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avista in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" AVA shares.
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2 analysts have issued 1 year target prices for Avista's stock. Their AVA share price forecasts range from $33.00 to $33.00. On average, they predict the company's stock price to reach $33.00 in the next twelve months. This suggests that the stock has a possible downside of 2.5%.
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 beginning of 2023. Since then, AVA stock has decreased by 23.7% and is now trading at $33.83.
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Avista saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,050,000 shares, an increase of 64.0% from the August 15th total of 1,250,000 shares. Based on an average daily trading volume, of 874,600 shares, the short-interest ratio is presently 2.3 days.
View Avista's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our AVA earnings forecast.

Avista Co. (NYSE:AVA) announced its earnings results on Wednesday, August, 2nd. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The utilities provider earned $379.94 million during the quarter, compared to the consensus estimate of $398.20 million. Avista had a net margin of 8.38% and a trailing twelve-month return on equity of 6.18%. During the same period last year, the firm earned $0.16 earnings per share.

Avista announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, August 18th will be given a dividend of $0.46 per share on Friday, September 15th. This represents a $1.84 annualized dividend and a yield of 5.44%. The ex-dividend date is Thursday, August 17th.
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), Clough Long/Short Equity ETF (CBLS), Clough Select Equity ETF (CBSE), KFA Value Line Dynamic Core Equity Index ETF (KVLE), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco High Yield Equity Dividend Achievers ETF (PEY) 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 5.44%. 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 95.34%. 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 issued an update on its FY23 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $2.27-$2.47 for the period, compared to the consensus estimate of $2.33.

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.29%), State Street Corp (15.83%), Hotchkis & Wiley Capital Management LLC (2.23%), Westwood Holdings Group Inc. (1.99%), Geode Capital Management LLC (1.94%) and Dimensional Fund Advisors LP (1.85%). 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 J Kinney, 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 $33.83.

Avista (NYSE:AVA) has a market capitalization of $2.59 billion and generates $1.71 billion in revenue each year. The utilities provider earns $155.18 million in net income (profit) each year or $1.93 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.