BofA: Investors pour into bonds, pull back from crypto
In a recent transaction disclosed on March 4, 2025, Manuel Wayne O, Vice President of Avista Corp (NYSE:AVA), executed the sale of company stock totaling $120,002. The utility company, currently valued at $3.2 billion, has shown strong dividend performance with 22 consecutive years of dividend increases and a current yield of 4.9%. The sales involved 3,000 shares of common stock at prices ranging from $39.9961 to $40.0229 per share, with the stock trading near its 52-week high of $40.21. Following these transactions, Wayne O holds 11,179 shares directly. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with a P/E ratio of 17.5x. For deeper insights into insider trading patterns and comprehensive valuation metrics, access the full Pro Research Report, available exclusively to InvestingPro subscribers.
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, surpassing the expected $487.48 million. This revenue achievement likely contributed to a positive market reaction despite the EPS miss. Avista has set its 2025 EPS guidance between $2.52 and $2.72. The company made significant capital investments in utilities, reaching a record $510 million in 2024, with plans to invest $525 million in 2025. Analysts from Guggenheim Partners and Mizuho (NYSE:MFG) have shown interest in Avista’s future guidance and growth strategy. Avista aims for a long-term growth rate of 4-6%, as noted by the company’s CFO, Gavin Christie. Additionally, the company has announced an increase in its dividend to $1.96 per share, targeting a payout range of 65-75%.
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