Avista Corporation (NYSE:AVA) Announces $0.49 Quarterly Dividend

Avista Corporation (NYSE:AVA) declared a quarterly dividend on Wednesday, November 12th. Stockholders of record on Monday, November 24th will be given a dividend of 0.49 per share by the utilities provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, November 24th.

Avista has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 23 years. Avista has a payout ratio of 71.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Avista to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 77.5%.

Avista Stock Down 0.4%

Shares of NYSE:AVA opened at $41.69 on Thursday. The business’s 50 day moving average is $37.83 and its 200 day moving average is $37.97. Avista has a 12-month low of $34.80 and a 12-month high of $43.09. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.14 and a beta of 0.39. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 1.06.

Avista (NYSE:AVA) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. The business had revenue of $403.00 million for the quarter, compared to analysts’ expectations of $402.50 million. Avista had a return on equity of 6.86% and a net margin of 9.13%.The business’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. Avista has set its FY 2025 guidance at 2.520-2.720 EPS. On average, sell-side analysts forecast that Avista will post 2.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AVA has been the topic of several analyst reports. Mizuho set a $42.00 price target on shares of Avista in a report on Thursday, November 6th. Wells Fargo & Company raised shares of Avista to a “hold” rating in a research report on Tuesday, October 28th. Jefferies Financial Group boosted their target price on Avista from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed 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.com, the stock presently has an average rating of “Hold” and an average target price of $40.33.

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.