Kevin J. Christie Sells 500 Shares of Avista Corporation (AVA) Stock
Avista Corporation (NYSE:AVA) VP Kevin J. Christie sold 500 shares of Avista Corporation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $51.81, for a total value of $25,905.00. Following the completion of the sale, the vice president now directly owns 1,992 shares of the company’s stock, valued at approximately $103,205.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Avista Corporation (AVA) opened at $51.91 on Wednesday. Avista Corporation has a fifty-two week low of $37.78 and a fifty-two week high of $52.83. The firm has a market capitalization of $3,337.99, a price-to-earnings ratio of 25.16 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.37.
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AVA has been the topic of a number of research analyst reports. Zacks Investment Research cut Avista Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Avista Corporation in a report on Friday, July 21st. BidaskClub upgraded Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. KeyCorp reiterated a “hold” rating on shares of Avista Corporation in a report on Friday, October 20th. Finally, Williams Capital cut Avista Corporation from a “hold” rating to a “sell” rating and lifted their target price for the company from $38.00 to $42.00 in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Avista Corporation currently has an average rating of “Hold” and a consensus price target of $47.75.
Institutional investors have recently modified their holdings of the stock. Boyer & Corporon Wealth Management LLC acquired a new position in Avista Corporation in the second quarter valued at $2,239,000. Teacher Retirement System of Texas acquired a new position in Avista Corporation in the second quarter valued at $218,000. Legal & General Group Plc lifted its stake in shares of Avista Corporation by 6.1% during the second quarter. Legal & General Group Plc now owns 327,969 shares of the utilities provider’s stock worth $13,926,000 after purchasing an additional 18,828 shares in the last quarter. Federated Investors Inc. PA lifted its stake in shares of Avista Corporation by 31.5% during the second quarter. Federated Investors Inc. PA now owns 145,642 shares of the utilities provider’s stock worth $6,184,000 after purchasing an additional 34,917 shares in the last quarter. Finally, Rothschild Asset Management Inc. lifted its stake in shares of Avista Corporation by 2.7% during the second quarter. Rothschild Asset Management Inc. now owns 622,434 shares of the utilities provider’s stock worth $26,429,000 after purchasing an additional 16,656 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.
About Avista Corporation
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.
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