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 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVA, but not buy additional shares or sell existing 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 $40.00. On average, they expect the company's share price to reach $35.33 in the next twelve months. This suggests that the stock has a possible downside of 13.4%.
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Avista's stock was trading at $42.49 at the beginning of 2022. Since then, AVA shares have decreased by 4.0% and is now trading at $40.79.
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Avista saw a decline in short interest in October. As of October 31st, there was short interest totaling 1,720,000 shares, a decline of 11.3% from the October 15th total of 1,940,000 shares. Based on an average daily volume of 441,500 shares, the days-to-cover ratio is currently 3.9 days.
View Avista's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our AVA earnings forecast.

Avista Co. (NYSE:AVA) announced its earnings results on Tuesday, November, 1st. The utilities provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.24 by $0.32. Avista had a net margin of 7.91% and a trailing twelve-month return on equity of 5.78%. During the same period in the prior year, the business posted $0.20 earnings per share.

Avista announced a quarterly dividend on Thursday, November 3rd. Shareholders of record on Friday, November 18th will be paid a dividend of $0.44 per share on Thursday, December 15th. This represents a $1.76 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for AVA.

Avista (NYSE:AVA) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.29%. 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 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 98.88%. 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 75.21% 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 Tuesday, November, 8th. The company provided earnings per share guidance of $2.27-$2.47 for the period, compared to the consensus EPS estimate of $2.44. 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 investors include BlackRock Inc. (18.43%), Vanguard Group Inc. (11.98%), State Street Corp (4.72%), Bank of New York Mellon Corp (2.39%), First Trust Advisors LP (2.22%) and Mitsubishi UFJ Trust & Banking Corp (2.18%). 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, Marian M Durkin, R John Taylor, Scott L Morris and Sena M Kwawu.
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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 $40.79.

Avista (NYSE:AVA) has a market capitalization of $3.01 billion and generates $1.44 billion in revenue each year. The utilities provider earns $147.33 million in net income (profit) each year or $1.78 on an earnings per share basis.

The company employs 1,809 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.