Jason R. Thackston Sells 1,500 Shares of Avista Corp (AVA) Stock
Avista Corp (NYSE:AVA) insider Jason R. Thackston sold 1,500 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $51.58, for a total transaction of $77,370.00. Following the completion of the transaction, the insider now directly owns 22,974 shares of the company’s stock, valued at approximately $1,184,998.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Avista Corp (NYSE AVA) traded up $0.07 on Friday, reaching $51.48. 1,330,000 shares of the company traded hands, compared to its average volume of 419,093. The company has a market cap of $3,312.23, a PE ratio of 24.96 and a beta of 0.42. Avista Corp has a 1-year low of $37.78 and a 1-year high of $52.83. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.92.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.3575 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.43 annualized dividend and a yield of 2.78%. Avista’s dividend payout ratio is currently 71.86%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Avista by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,314,947 shares of the utilities provider’s stock valued at $268,133,000 after acquiring an additional 60,649 shares in the last quarter. Magnetar Financial LLC bought a new stake in Avista in the 3rd quarter valued at $142,309,000. Northern Trust Corp lifted its position in Avista by 6.7% in the 2nd quarter. Northern Trust Corp now owns 1,934,063 shares of the utilities provider’s stock valued at $82,120,000 after acquiring an additional 122,115 shares in the last quarter. State Street Corp lifted its position in Avista by 3.7% in the 2nd quarter. State Street Corp now owns 1,813,385 shares of the utilities provider’s stock valued at $76,993,000 after acquiring an additional 65,314 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Avista by 136.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,605,798 shares of the utilities provider’s stock valued at $82,891,000 after acquiring an additional 928,010 shares in the last quarter. 77.35% of the stock is currently owned by institutional investors and hedge funds.
Avista Company Profile
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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