Avista - AVA Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avista in the last year. There are currently 2 sell ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" AVA shares.
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2 equities research analysts have issued 1 year target prices for Avista's shares. Their AVA share price forecasts range from $33.00 to $38.00. On average, they expect the company's stock price to reach $34.67 in the next year. This suggests that the stock has a possible downside of 15.7%.
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Avista's stock was trading at $44.34 at the start of the year. Since then, AVA shares have decreased by 7.2% and is now trading at $41.13.
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Avista saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 4,190,000 shares, an increase of 72.4% from the January 31st total of 2,430,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 4.1 days.
View Avista's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our AVA earnings forecast.

Avista Co. (NYSE:AVA) announced its earnings results on Wednesday, February, 22nd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.33. The utilities provider had revenue of $496.80 million for the quarter, compared to analyst estimates of $371.59 million. Avista had a net margin of 9.14% and a trailing twelve-month return on equity of 6.87%. The company's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share.

Avista declared a quarterly dividend on Thursday, February 2nd. Investors of record on Friday, February 17th will be paid a dividend of $0.46 per share on Wednesday, March 15th. This represents a $1.84 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, February 16th. This is an increase from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for AVA.

ETFs with the largest weight of Avista (NYSE:AVA) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco High Yield Equity Dividend Achievers ETF (PEY), KFA Value Line Dynamic Core Equity Index ETF (KVLE), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), SPDR S&P Dividend ETF (SDY), ETC 6 Meridian Small Cap Equity ETF (SIXS) and Global X Alternative Income ETF (ALTY).

Avista (NYSE:AVA) pays an annual dividend of $1.84 per share and currently has a dividend yield of 4.49%. 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 86.79%. 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 75.72% 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, February, 22nd. The company provided earnings per share (EPS) guidance of $2.27-$2.47 for the period, compared to the consensus estimate of $2.31.

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 Millennium Management LLC (3.99%), First Trust Advisors LP (2.46%), Nuance Investments LLC (2.09%), Dimensional Fund Advisors LP (1.85%), Geode Capital Management LLC (1.83%) and Mitsubishi UFJ Trust & Banking Corp (1.27%). 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, 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 $41.13.

Avista (NYSE:AVA) has a market capitalization of $3.09 billion and generates $1.71 billion in revenue each year. The utilities provider earns $155.18 million in net income (profit) each year or $2.12 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.