Avista Corp (NYSE:AVA)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $43.06 and last traded at $43.52, with a volume of 445586 shares traded. The stock had previously closed at $51.39.

The firm has a market capitalization of $3.38 billion, a PE ratio of 22.92 and a beta of 0.15. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

Avista (NYSE:AVA) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $296.00 million for the quarter. Avista had a return on equity of 7.38% and a net margin of 8.31%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. As a group, equities analysts forecast that Avista Corp will post 2.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, November 29th. Avista’s payout ratio is 76.41%.

Institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in shares of Avista during the 3rd quarter worth approximately $185,000. Crawford Investment Counsel Inc. bought a new position in shares of Avista in the 3rd quarter worth $249,000. Commonwealth Bank of Australia bought a new position in shares of Avista in the 3rd quarter worth $318,000. Tower Research Capital LLC TRC lifted its holdings in shares of Avista by 91.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,422 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 3,074 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Avista by 4,958.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 7,992 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 7,834 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

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Avista Company Profile (NYSE:AVA)

Avista Corporation operates as an electric and natural gas utility company. It operates through 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.

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