Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company's regional services include government and higher education, medical services, retail trade and finance. The Company's businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company. Avista Utilities is an operating division of the Company, which consists of its regulated utility operations in the Pacific Northwest. Avista Utilities division generates, transmits and distributes electricity, and distributes natural gas. As of December 31, 2016, AEL&P operated five hydroelectric generation facilities with 102.7 megawatts (MW) of hydroelectric generation capacity.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Multiline Utilities
- Sub-Industry: Multi-Utilities
- Symbol: NYSE:AVA
- CUSIP: 05379B10
- Web: www.avistacorp.com
Capitalization:- Market Cap: $3.32 billion
- Outstanding Shares: 64,411,000
Average Prices:- 50 Day Moving Avg: $51.80
- 200 Day Moving Avg: $44.57
- 52 Week Range: $37.78 - $52.83
P/E:- Trailing P/E Ratio: 24.30
- Foreward P/E Ratio: 25.13
- P/E Growth: 4.66
Sales & Book Value:- Annual Revenue: $1.46 billion
- Price / Sales: 2.27
- Book Value: $26.19 per share
- Price / Book: 1.97
Dividend:- Annual Dividend: $1.43
- Dividend Yield: 2.8%
Profitability:- EBIDTA: $471.76 million
- Net Margins: 9.35%
- Return on Equity: 8.19%
- Return on Assets: 2.57%
Debt:- Debt-to-Equity Ratio: 0.86%
- Current Ratio: 0.47%
- Quick Ratio: 0.38%
Misc:- Average Volume: 695,755 shs.
- Beta: 0.45
- Short Ratio: 6.27
Frequently Asked Questions for Avista Corporation (NYSE:AVA)
What is Avista Corporation's stock symbol?
Avista Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVA."
How often does Avista Corporation pay dividends? What is the dividend yield for Avista Corporation?
Avista Corporation declared a quarterly dividend on Thursday, August 17th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.3575 per share on Friday, September 15th. This represents a $1.43 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Tuesday, August 29th. View Avista Corporation's Dividend History.
How were Avista Corporation's earnings last quarter?
Avista Corporation (NYSE:AVA) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by $0.03. The firm earned $314.50 million during the quarter, compared to analyst estimates of $326.33 million. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. View Avista Corporation's Earnings History.
When will Avista Corporation make its next earnings announcement?
Where is Avista Corporation's stock going? Where will Avista Corporation's stock price be in 2017?
4 brokers have issued 1-year price targets for Avista Corporation's shares. Their forecasts range from $37.00 to $53.00. On average, they anticipate Avista Corporation's share price to reach $44.00 in the next twelve months. View Analyst Ratings for Avista Corporation.
Are investors shorting Avista Corporation?
Avista Corporation saw a increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,109,403 shares, an increase of 60.9% from the July 31st total of 1,933,013 shares. Based on an average daily trading volume, of 857,922 shares, the short-interest ratio is currently 3.6 days. Currently, 4.9% of the shares of the stock are sold short.
Who are some of Avista Corporation's key competitors?
Some companies that are related to Avista Corporation include Great Plains Energy (GXP), Aqua America (WTR), Telekom Austria AG (TKAGY), Hellenic Telecom Organization SA (HLTOY), United Utilities Group PLC (UU), Telecom Argentina Stet - France Telecom S.A. (TEO), Vectren Corporation (VVC), Calpine Corporation (CPN), Severn Trent Plc (SVT), MDU Resources Group (MDU), Algonquin Power & Utilities Corp (AQN), National Fuel Gas Company (NFG), Pampa Energia S.A. (PAM), IDACORP (IDA), WGL Holdings (WGL), Algonquin Power & Utilities Corp. (AQN), Portland General Electric Company (POR) and Northland Power (NPI).
Who are Avista Corporation's key executives?
Avista Corporation's management team includes the folowing people:
- Scott L. Morris, Chairman of the Board, President, Chief Executive Officer
- Mark T. Thies, Chief Financial Officer, Senior Vice President, Treasurer
- Marian M. Durkin, Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary
- Jason R. Thackston, Senior Vice President, Vice President - Energy Resources
- Karen S. Feltes, Senior Vice President - Human Resources
- Dennis P. Vermillion, Senior Vice President
- Ryan L. Krasselt, Principal Accounting Officer, Vice President, Controller
- James M. Kensok, Chief Information Officer, Vice President
- Kevin J. Christie, Vice President - Customer Solutions
- David J. Meyer, Chief Counsel - Regulatory and Governmental Affairs, Vice President
Who owns Avista Corporation stock?
Avista Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.99%), Vanguard Group Inc. (9.81%), Northern Trust Corp (3.00%), State Street Corp (2.82%), Dimensional Fund Advisors LP (2.08%) and Bank of New York Mellon Corp (1.92%). Company insiders that own Avista Corporation stock include David J Meyer, Dennis P Vermillion, Erik J Anderson, Heidi B Stanley, James M Kensok, Jason R Thackston, Karen S Feltes, Kevin J Christie, Marian M Durkin, R John Taylor and Scott L Morris. View Institutional Ownership Trends for Avista Corporation.
Who sold Avista Corporation stock? Who is selling Avista Corporation stock?
Avista Corporation's stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, JPMorgan Chase & Co., Ameriprise Financial Inc., Nisa Investment Advisors LLC, Bank of Montreal Can, LSV Asset Management, TIAA CREF Investment Management LLC and Citadel Advisors LLC. Company insiders that have sold Avista Corporation stock in the last year include David J Meyer, James M Kensok, Jason R Thackston, Karen S Feltes, Kevin J Christie and Marian M Durkin. View Insider Buying and Selling for Avista Corporation.
Who bought Avista Corporation stock? Who is buying Avista Corporation stock?
Avista Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Northern Trust Corp, Balyasny Asset Management LLC, WINTON GROUP Ltd, Convergence Investment Partners LLC, AHL Partners LLP, Schwab Charles Investment Management Inc., First Washington CORP and State Street Corp. View Insider Buying and Selling for Avista Corporation.
How do I buy Avista Corporation stock?
Shares of Avista Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Avista Corporation's stock price today?
One share of Avista Corporation stock can currently be purchased for approximately $51.52.
MarketBeat Community Rating for Avista Corporation (NYSE AVA)MarketBeat's community ratings are surveys of what our community members think about Avista Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Avista Corporation (NYSE:AVA) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 3 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.75) |
| Consensus Price Target: | $44.00 (14.60% downside) |
Analysts' Ratings History for Avista Corporation (NYSE:AVA)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/21/2017 | BMO Capital Markets | Reiterated Rating | Hold | $53.00 | Low |  |
| 7/20/2017 | Williams Capital | Downgrade | Hold -> Sell | $38.00 -> $42.00 | High | |
| 2/23/2017 | Mizuho | Lower Price Target | Neutral -> Neutral | $41.00 -> $37.00 | N/A | |
| 11/3/2016 | Guggenheim | Initiated Coverage | Neutral | | N/A | |
(Data available from 9/25/2015 forward)
Earnings History for Avista Corporation (NYSE:AVA)Earnings History by Quarter for Avista Corporation (NYSE AVA)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | $0.16 | | | | | N/A | |
| 8/2/2017 | Q2 2017 | $0.37 | $0.34 | $326.33 million | $314.50 million | View | Listen | |
| 5/3/2017 | Q1 2017 | $0.80 | $0.96 | $482.76 million | $436.47 million | View | Listen | |
| 2/21/2017 | Q416 | $0.57 | $0.62 | $576.05 million | $402.12 million | View | Listen | |
| 11/1/2016 | Q316 | $0.21 | $0.19 | $306.78 million | $303.35 million | View | Listen | |
| 8/3/2016 | Q216 | $0.45 | $0.43 | $316.24 million | $234.79 million | View | Listen | |
| 5/4/2016 | Q116 | $0.80 | $0.89 | $477.79 million | $418.20 million | View | Listen | |
| 2/24/2016 | Q415 | $0.59 | $0.54 | $632.65 million | $387.30 million | View | Listen | |
| 11/4/2015 | Q315 | $0.19 | $0.21 | $298.15 million | $313.65 million | View | Listen | |
| 8/5/2015 | Q215 | $0.44 | $0.40 | $304.56 million | $337.30 million | View | Listen | |
| 5/6/2015 | Q115 | $0.84 | $0.74 | $459.30 million | $446.50 million | View | Listen | |
| 2/25/2015 | Q414 | $0.52 | $0.48 | $587.13 million | $411.85 million | View | Listen | |
| 11/5/2014 | Q314 | $0.23 | $0.16 | $301.70 million | $301.56 million | View | Listen | |
| 8/6/2014 | Q214 | $0.42 | $0.52 | $344.15 million | $312.60 million | View | Listen | |
| 5/7/2014 | Q114 | $0.77 | $0.81 | $488.92 million | $490.96 million | View | Listen | |
| 2/26/2014 | Q413 | $0.46 | $0.53 | $443.26 million | $447.68 million | View | Listen | |
| 11/6/2013 | Q313 | $0.13 | $0.19 | $340.06 million | $335.90 million | View | Listen | |
| 8/7/2013 | Q2 2013 | $0.38 | $0.43 | $356.73 million | $352.00 million | View | Listen | |
| 5/1/2013 | Q1 2013 | $0.70 | $0.71 | $468.24 million | $482.91 million | View | Listen | |
| 2/20/2013 | Q4 2012 | $0.45 | $0.26 | $450.45 million | $410.53 million | View | Listen | |
| 11/6/2012 | Q312 | $0.44 | $0.10 | $460.00 million | $340.60 million | View | N/A | |
| 8/7/2012 | | $0.43 | $0.31 | | | View | N/A | |
| 5/2/2012 | | $0.70 | $0.65 | | | View | N/A | |
| 2/15/2012 | | $0.45 | $0.42 | | | View | N/A | |
| 11/2/2011 | | $0.17 | $0.18 | | | View | N/A | |
| 8/4/2011 | | $0.49 | $0.39 | | | View | N/A | |
| 5/6/2011 | | $0.64 | $0.73 | | | View | N/A | |
| 2/17/2011 | | $0.48 | $0.45 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Avista Corporation (NYSE:AVA)2017 EPS Consensus Estimate: $1.83
2018 EPS Consensus Estimate: $1.99
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.76 | $0.84 | $0.80 |
| Q2 2017 | 2 | $0.34 | $0.39 | $0.37 |
| Q3 2017 | 1 | $0.12 | $0.12 | $0.12 |
| Q4 2017 | 1 | $0.54 | $0.54 | $0.54 |
| Q1 2018 | 1 | $0.89 | $0.89 | $0.89 |
| Q2 2018 | 1 | $0.36 | $0.36 | $0.36 |
| Q3 2018 | 1 | $0.13 | $0.13 | $0.13 |
| Q4 2018 | 1 | $0.61 | $0.61 | $0.61 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Avista Corporation (NYSE:AVA)| Most Recent Dividend: | 9/15/2017 |
| Annual Dividend: | $1.43 |
| Dividend Yield: | 2.78% |
| Dividend Growth: | 3.90% (3 Year Average) |
| Payout Ratio: | 67.77% (Trailing 12 Months of Earnings)
73.33% (Based on This Year's Estimates)
69.76% (Based on Next Year's Estimates)
|
| Track Record: | 14 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Avista Corporation (NYSE AVA)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/17/2017 | quarterly | $0.36 | 2.77% | 8/29/2017 | 8/31/2017 | 9/15/2017 |
| 5/11/2017 | quarterly | $0.36 | 3.46% | 5/23/2017 | 5/25/2017 | 6/15/2017 |
| 2/3/2017 | quarterly | $0.36 | 3.69% | 2/22/2017 | 2/24/2017 | 3/15/2017 |
| 11/4/2016 | quarterly | $0.34 | 3.42% | 11/16/2016 | 11/18/2016 | 12/15/2016 |
| 8/18/2016 | quarterly | $0.34 | 3.23% | 8/30/2016 | 9/1/2016 | 9/15/2016 |
| 5/12/2016 | quarterly | $0.34 | 3.33% | 5/24/2016 | 5/26/2016 | 6/15/2016 |
| 2/5/2016 | quarterly | $0.34 | 3.62% | 2/17/2016 | 2/19/2016 | 3/15/2016 |
| 11/6/2015 | quarterly | $0.33 | 4.02% | 11/17/2015 | 11/19/2015 | 12/15/2015 |
| 8/21/2015 | quarterly | $0.33 | 4.11% | 9/1/2015 | 9/3/2015 | 9/15/2015 |
| 5/7/2015 | quarterly | $0.33 | 4.13% | 5/19/2015 | 5/21/2015 | 6/15/2015 |
| 2/6/2015 | quarterly | $0.33 | 3.79% | 2/18/2015 | 2/20/2015 | 3/13/2015 |
| 11/14/2014 | quarterly | $0.32 | 3.76% | 12/2/2014 | 12/4/2014 | 12/15/2014 |
| 8/8/2014 | quarterly | $0.32 | 4.05% | 8/19/2014 | 8/21/2014 | 9/15/2014 |
| 5/8/2014 | quarterly | $0.32 | 3.93% | 5/20/2014 | 5/22/2014 | 6/13/2014 |
| 2/7/2014 | quarterly | $0.32 | 4.44% | 2/19/2014 | 2/21/2014 | 3/14/2014 |
| 11/8/2013 | quarterly | $0.31 | 4.4% | 11/19/2013 | 11/21/2013 | 12/13/2013 |
| 8/9/2013 | quarterly | $0.31 | 4.27% | 8/20/2013 | 8/22/2013 | 9/13/2013 |
| 5/9/2013 | quarterly | $0.31 | 4.24% | 5/21/2013 | 5/23/2013 | 6/14/2013 |
| 2/8/2013 | quarterly | $0.31 | 4.66% | 2/20/2013 | 2/22/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Avista Corporation (NYSE:AVA)Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 69.66%
Insider Trades by Quarter for Avista Corporation (NYSE:AVA)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/5/2017 | James M Kensok | VP | Sell | 750 | $40.89 | $30,667.50 | |
| 3/17/2017 | Jason R Thackston | Insider | Sell | 750 | $39.26 | $29,445.00 | |
| 3/15/2017 | David J Meyer | VP | Sell | 2,474 | $39.60 | $97,970.40 | |
| 3/15/2017 | Karen S Feltes | Insider | Sell | 5,500 | $39.53 | $217,415.00 | |
| 3/14/2017 | Marian M Durkin | VP | Sell | 2,000 | $38.87 | $77,740.00 | |
| 3/13/2017 | Jason R Thackston | SVP | Sell | 1,250 | $38.97 | $48,712.50 | |
| 3/13/2017 | Kevin J Christie | VP | Sell | 550 | $38.87 | $21,378.50 | |
| 9/14/2016 | Jason R Thackston | SVP | Sell | 950 | $40.90 | $38,855.00 | |
| 8/22/2016 | James M Kensok | VP | Sell | 250 | $41.84 | $10,460.00 | |
| 8/12/2016 | Marian M Durkin | Insider | Sell | 3,500 | $42.56 | $148,960.00 | |
| 6/15/2016 | Erik J Anderson | Director | Sell | 2,400 | $42.36 | $101,664.00 | |
| 6/7/2016 | James M Kensok | VP | Sell | 300 | $41.64 | $12,492.00 | |
| 6/6/2016 | Heidi B Stanley | Director | Sell | 1,000 | $41.69 | $41,690.00 | |
| 6/6/2016 | Marian M Durkin | SVP | Sell | 3,500 | $41.65 | $145,775.00 | |
| 5/27/2016 | Erik J Anderson | Director | Sell | 5,047 | $40.05 | $202,132.35 | |
| 5/27/2016 | Karen S Feltes | SVP | Sell | 25,000 | $40.00 | $1,000,000.00 | |
| 5/11/2016 | Kevin J Christie | VP | Sell | 333 | $41.00 | $13,653.00 | |
| 5/6/2016 | Dennis P Vermillion | SVP | Sell | 25,000 | $40.64 | $1,016,000.00 | |
| 5/6/2016 | James M Kensok | VP | Sell | 650 | $41.09 | $26,708.50 | |
| 3/9/2016 | R John Taylor | Director | Buy | 2,500 | $39.27 | $98,175.00 | |
| 3/7/2016 | Marian M Durkin | SVP | Sell | 3,500 | $38.08 | $133,280.00 | |
| 3/2/2016 | James M Kensok | VP | Sell | 1,000 | $37.53 | $37,530.00 | |
| 3/1/2016 | Dennis P Vermillion | SVP | Sell | 752 | $37.91 | $28,508.32 | |
| 2/26/2016 | David J Meyer | VP | Sell | 5,688 | $38.34 | $218,077.92 | |
| 2/26/2016 | Scott L Morris | CEO | Sell | 40,903 | $37.65 | $1,539,997.95 | |
| 12/4/2015 | Heidi B Stanley | Director | Sell | 1,000 | $34.77 | $34,770.00 | |
| 9/8/2015 | Scott L Morris | CEO | Sell | 16,720 | $30.51 | $510,127.20 | |
| 9/4/2015 | Scott L Morris | CEO | Sell | 7,500 | $29.92 | $224,400.00 | |
| 5/20/2015 | James M Kensok | VP | Sell | 2,000 | $32.28 | $64,560.00 | |
| 3/4/2015 | Don F Kopczynski | VP | Sell | 3,987 | $33.06 | $131,810.22 | |
| 3/2/2015 | Kelly O Norwood | VP | Sell | 3,005 | $33.20 | $99,766.00 | |
| 2/27/2015 | David J Meyer | VP | Sell | 3,008 | $34.22 | $102,933.76 | |
| 9/11/2014 | R John Taylor | Director | Sell | 2,638 | $32.57 | $85,919.66 | |
| 6/16/2014 | Karen S Feltes | SVP | Sell | 2,200 | $31.32 | $68,904.00 | |
| 6/5/2014 | Roger D Woodworth | VP | Sell | 1,000 | $31.50 | $31,500.00 | |
| 6/4/2014 | Heidi B Stanley | Director | Sell | 1,400 | $31.06 | $43,484.00 | |
| 6/3/2014 | David J Meyer | VP | Sell | 1,233 | $31.19 | $38,457.27 | |
| 9/4/2013 | R John Taylor | Director | Sell | 4,471 | $25.82 | $115,441.22 | |
| 6/5/2013 | Heidi B Stanley | Director | Sell | 1,500 | $26.69 | $40,035.00 | |
| 5/29/2013 | R John Taylor | Director | Sell | 4,000 | $26.55 | $106,200.00 | |
| 5/10/2013 | John F Kelly | Director | Sell | 3,311 | $28.68 | $94,959.48 | |
(Data available from 1/1/2013 forward)
Headline Trends for Avista Corporation (NYSE:AVA)
Latest Headlines for Avista Corporation (NYSE:AVA)
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Avista Corporation (AVA) Chart for Monday, September, 25, 2017
