S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
On March 13, 2025, Bryan Alden Cox, Senior Vice President of Avista Corp (NYSE:AVA), sold 3,322 shares of the company’s common stock. The shares were sold at an average price of $39.1075 each, totaling $129,915. The transaction occurred with the stock trading near its 52-week high of $40.23, suggesting strong recent performance. According to InvestingPro analysis, the stock appears to be fairly valued based on its current Fair Value assessment. Following the transaction, Cox retains direct ownership of 8,812 shares. Additionally, he holds an estimated 6,031.27 shares indirectly through a 401(k) plan. Avista Corp, based in Spokane, Washington, operates in the electric and other services combined industry. The company maintains a strong dividend profile with a 5.05% yield and has raised its dividend for 22 consecutive years. InvestingPro data shows the company maintains a GOOD overall financial health score, with particularly strong marks in growth and price momentum metrics. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Avista Corporation reported its fourth-quarter 2024 earnings with earnings per share (EPS) of $0.84, which did not meet the forecasted $0.89. However, the company’s revenue for the same period was $517 million, exceeding the anticipated $487.48 million. Avista’s full-year EPS increased to $2.29 from $2.24 in 2023, reflecting a nearly 5% improvement in its utility segment. The company also set its 2025 EPS guidance between $2.52 and $2.72 per share, with plans to increase its dividend to $1.96 per share. Avista’s capital investment in utilities reached a record $510 million in 2024, with further investments of $525 million planned for 2025. Analysts from firms like Guggenheim Partners and Mizuho (NYSE:MFG) noted these developments, with discussions on potential growth rates and regulatory outcomes. Despite the EPS miss, Avista’s strong revenue and strategic investments are seen as positive indicators for its future performance.
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