Avista (NYSE:AVA) Issues FY 2025 Earnings Guidance

Avista (NYSE:AVA) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.520-2.720 for the period, compared to the consensus estimate of 2.510. The company issued revenue guidance of -.

Avista Stock Up 1.9%

Shares of NYSE:AVA traded up $0.76 on Thursday, hitting $40.50. 439,926 shares of the company’s stock were exchanged, compared to its average volume of 696,813. Avista has a 1-year low of $34.80 and a 1-year high of $43.09. The company has a market capitalization of $3.28 billion, a PE ratio of 18.24, a P/E/G ratio of 2.14 and a beta of 0.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 1.00. The firm’s 50-day moving average is $37.36 and its 200 day moving average is $37.98.

Avista (NYSE:AVA) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The firm had revenue of $403.00 million during the quarter, compared to the consensus estimate of $402.50 million. Avista had a return on equity of 6.86% and a net margin of 9.13%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. Avista has set its FY 2025 guidance at 2.520-2.720 EPS. Sell-side analysts predict that Avista will post 2.3 EPS for the current year.

Analysts Set New Price Targets

AVA has been the subject of several research reports. Wells Fargo & Company raised Avista to a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group boosted their price objective on Avista from $40.00 to $41.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avista in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.50.

Insider Activity

In other Avista news, SVP Bryan Alden Cox acquired 3,671 shares of the stock in a transaction on Tuesday, September 16th. The shares were bought at an average price of $35.55 per share, with a total value of $130,504.05. Following the acquisition, the senior vice president owned 9,989 shares of the company’s stock, valued at $355,108.95. This trade represents a 58.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David J. Meyer sold 1,367 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.72, for a total value of $50,196.24. Following the completion of the transaction, the vice president owned 8,394 shares of the company’s stock, valued at $308,227.68. The trade was a 14.00% decrease in their position. The SEC filing for this sale provides additional information. 0.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Avista

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Avista by 8.3% in the second quarter. State Street Corp now owns 5,191,896 shares of the utilities provider’s stock valued at $197,032,000 after purchasing an additional 398,446 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Avista by 25.9% in the second quarter. Cubist Systematic Strategies LLC now owns 590,535 shares of the utilities provider’s stock valued at $22,411,000 after buying an additional 121,345 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Avista by 3.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 426,407 shares of the utilities provider’s stock valued at $16,182,000 after acquiring an additional 15,070 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Avista by 26.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 283,182 shares of the utilities provider’s stock worth $11,857,000 after acquiring an additional 58,504 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Avista by 9.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 274,623 shares of the utilities provider’s stock worth $10,422,000 after acquiring an additional 23,534 shares during the period. 85.24% of the stock is owned by institutional investors and hedge funds.

Avista Company Profile

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.