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Scott J. Kinney, Vice President at Avista Corp (NYSE:AVA), a $3.1 billion utility company trading near its 52-week high of $40.21, recently sold shares in the company, according to a filing with the Securities and Exchange Commission. The transactions, dated March 6, 2025, involved the sale of a total of 2,298 shares of common stock. The shares were sold at prices ranging from $38.72 to $38.8338, amounting to a total value of $89,054. According to InvestingPro analysis, the stock appears to be fairly valued at current levels.
Following these transactions, Kinney retains direct ownership of 12,539 shares. Additionally, he holds an estimated 1,323.01 shares indirectly through a 401(k) plan. The sales were executed as part of routine trading activity and reflect Kinney’s ongoing management of his investment in Avista Corp, which has maintained dividend payments for 55 consecutive years and currently offers a ~5% dividend yield. InvestingPro data shows the company maintains a "GOOD" overall financial health score, with the stock delivering a 9.2% return year-to-date.
In other recent news, Avista Corporation reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.84, which did not meet the forecasted $0.89. However, the company’s revenue for the quarter was $517 million, exceeding the anticipated $487.48 million. This revenue beat likely contributed to a positive market reaction. Avista’s full-year earnings per share increased to $2.29 from $2.24 in 2023, indicating a resilient performance. The company has set its 2025 EPS guidance between $2.52 and $2.72, with plans for significant capital investments. Avista’s capital expenditure in 2024 reached a record $510 million, with a projected increase to $525 million in 2025. Analysts noted the company’s strategic focus on infrastructure and growth, with plans for further investments. The company also announced a dividend increase for the twenty-third consecutive year to $1.96 per share.
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