Dividend Alert: Avista Corporation (NYSE:AVA) dividends will reach $0.34 on Dec 15, 2016, and this is why.

Dividend Alert: Avista Corporation (NYSE:AVA) dividends will reach $0.34 on Dec 15, 2016, and this is why.

Avista Corporation (NYSE:AVA) is expected to pay $0.34 on Dec 15, 2016. The indicated annual dividend is $1.37. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Avista Corporation’s current price of $40.16, the dividend is 0.85%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 7, 2016. The stock decreased 1.33% or $0.54 during the last trading session, hitting $40.16. Avista Corp (NYSE:AVA) has declined 0.20% since April 13, 2016 and is downtrending. It has underperformed by 4.13% the S&P500.

Avista Corporation is an electric and natural gas utility with certain other business ventures. The company has a market cap of $2.61 billion. The Firm operates through two business divisions: Avista Utilities, and Alaska Electric Light and Power Company . It has a 19.46 P/E ratio. Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas clients in eastern Washington and northern Idaho and natural gas clients in parts of Oregon.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.63, from 1.68 in 2016Q1. The ratio fall, as 21 funds sold all Avista Corp shares owned while 72 reduced positions. 13 funds bought stakes while 85 increased positions. They now own 41.14 million shares or 0.90% less from 41.51 million shares in 2016Q1.
James Invest Rech Inc last reported 0.16% of its portfolio in the stock. Moreover, First Trust L P has 0.06% invested in Avista Corp (NYSE:AVA) for 422,174 shares. Lynch Assocs In, a Indiana-based fund reported 9,025 shares. Acadian Asset Mngmt Ltd last reported 13,128 shares in the company. Allianz Asset Mgmt Ag owns 333,514 shares or 0.01% of their US portfolio. Ladenburg Thalmann Fin Inc accumulated 34,680 shares or 0.02% of the stock. Blackrock Institutional Tru Communications Na owns 1.72 million shares or 0.01% of their US portfolio. The Kansas-based Creative Planning has invested 0.02% in Avista Corp (NYSE:AVA). Prudential Financial Inc has 0.02% invested in the company for 250,910 shares. Chatham Capital Gp has 20,930 shares for 0.29% of their US portfolio. North Star Investment Management Corporation last reported 0.1% of its portfolio in the stock. Arizona State Retirement Systems last reported 32,822 shares in the company. Profund Ltd Liability Corporation holds 0.06% or 27,654 shares in its portfolio. The New York-based Highbridge Limited Liability Com has invested 0.05% in Avista Corp (NYSE:AVA). Alpha Windward Limited Co has 0.33% invested in the company for 10,200 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 9 selling transactions for $1.70 million net activity. 3,500 shares were sold by DURKIN MARIAN M, worth $148,960 on Friday, August 12. Another trade for 2,400 shares valued at $101,669 was sold by ANDERSON ERIK J. $38,855 worth of Avista Corp (NYSE:AVA) shares were sold by Thackston Jason R. Another trade for 300 shares valued at $12,492 was sold by KENSOK JAMES M. The insider FELTES KAREN S sold 25,000 shares worth $1.00 million. STANLEY HEIDI B had sold 1,000 shares worth $41,690.

Avista Corp (NYSE:AVA) Ratings Coverage

Out of 3 analysts covering Avista (NYSE:AVA), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $41 is the highest target while $40 is the lowest. The $40.50 average target is 0.85% above today’s ($40.16) stock price. Avista has been the topic of 3 analyst reports since March 18, 2016 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, March 31 by Mizuho. The firm earned “Sell” rating on Friday, March 18 by UBS. The firm earned “Hold” rating on Thursday, September 22 by Williams Capital Group.

More recent Avista Corp (NYSE:AVA) news were published by: Forbes.com which released: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista” on November 14, 2016. Also Finance.Yahoo.com published the news titled: “Avista Corp. Second Quarter 2016 Earnings Conference Call and Webcast Announced” on July 05, 2016. Reuters.com‘s news article titled: “BRIEF-Avista Corp qtrly earnings per share $0.19” with publication date: November 01, 2016 was also an interesting one.

AVA Company Profile

Avista Corporation, incorporated on March 15, 1889, is an electric and natural gas utility with certain other business ventures. The Firm operates through two business divisions: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment comprises regulated utility activities in the Pacific Northwest. AEL&P is a utility providing electric services in Juneau, Alaska. The Firm operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.

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