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

Avista Corporation (NYSE:AVA) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Tuesday, August 18th will be given a dividend of 0.4925 per share by the utilities provider on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, August 18th.

Avista has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 23 consecutive years. Avista has a dividend payout ratio of 71.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Avista to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 72.4%.

Avista Trading Down 0.8%

Shares of AVA opened at $39.22 on Wednesday. Avista has a one year low of $35.50 and a one year high of $43.50. The stock has a 50-day moving average price of $41.27 and a 200 day moving average price of $40.99. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.60 and a current ratio of 1.10. The company has a market capitalization of $3.24 billion, a P/E ratio of 15.63, a P/E/G ratio of 3.70 and a beta of 0.25.

Avista (NYSE:AVA) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.20. Avista had a return on equity of 7.85% and a net margin of 11.83%.The company had revenue of $413.00 million for the quarter, compared to the consensus estimate of $426.93 million. During the same period in the previous year, the business earned $0.17 EPS. Avista’s revenue for the quarter was up .5% compared to the same quarter last year. Avista has set its FY 2026 guidance at 2.520-2.720 EPS. Sell-side analysts forecast that Avista will post 2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AVA shares. Wells Fargo & Company set a $39.00 price target on shares of Avista in a research note on Tuesday, April 21st. Barclays reduced their price objective on shares of Avista from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wall Street Zen raised shares of Avista from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Mizuho increased their price target on shares of Avista from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised Avista from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.25.

About Avista

Avista Corporation operates as an integrated energy company providing electric and natural gas delivery services to residential, commercial and industrial customers in the Pacific Northwest. Through its regulated utility operations, the company maintains and upgrades an extensive transmission and distribution network, delivering reliable energy to approximately 400,000 electric customers and 324,000 natural gas customers across Washington, Oregon and Idaho. In addition to its core utility business, Avista invests in owned generation assets, including hydroelectric, natural gas–fired, coal and wind facilities, to support system reliability and long-term supply planning.

Founded in 1889 as the Spokane and Inland Empire Water Power Company, the business adopted the Avista name in 1999 to reflect its growing energy portfolio and strategic focus on innovation.