NVIDIA launches Jetson Thor robotics computers for physical AI systems
In a recent transaction, Bryan Cox, Senior Vice President of Avista Corp (NYSE:AVA), sold 1,605 shares of the company’s common stock. The shares were sold at an average price of $39.8872 each, totaling approximately $64,018. The transaction occurs as the stock trades near its 52-week high of $40.21, with InvestingPro analysis indicating the stock is currently fairly valued. Following this transaction, Cox retains ownership of 12,134 shares directly, while also holding an estimated 6,031.27 shares indirectly through a 401(k) plan. The company, which has maintained dividend payments for 55 consecutive years and carries an "GOOD" Financial Health score according to InvestingPro, offers investors access to 8 additional key insights and a comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, Avista Corporation reported its fourth-quarter 2024 earnings, with earnings per share (EPS) of $0.84, missing the forecasted $0.89. However, the company exceeded revenue expectations, reporting $517 million compared to the anticipated $487.48 million. This revenue beat likely contributed to the positive market reaction, despite the EPS shortfall. Avista’s capital investment in utilities reached a record $510 million in 2024, and the company plans to increase this to $525 million in 2025. The company has also provided guidance for 2025 EPS, projecting a range between $2.52 and $2.72.
In addition, Avista plans to increase its dividend to $1.96 per share. Analysts from Guggenheim Partners and Mizuho (NYSE:MFG) have been engaging with Avista regarding its future growth and regulatory strategies. The company’s regulatory strategy remains a key focus, with ongoing rate cases in Oregon and Idaho. Avista’s management has emphasized its commitment to utility infrastructure investment and the potential for growth beyond the projected 4-6% long-term growth rate.
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