Avista Corporation operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the wholesale purchase and sale of electricity and natural gas. The AEL&P segment offers electric services to 17,000 customers in the city and borough of Juneau, Alaska. The company generates electricity through hydro, thermal, and wind facilities. As of February 24, 2021, it provided electric service to 400,000 customers and natural gas to 367,000 customers. In addition, the company engages in the venture fund investments, real estate investments, and other investments. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.
IPO Year:
Exchange: NYSE
Website: investor.avistacorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | $40.00 | Hold | Jefferies |
| 9/12/2024 | $37.00 | Underperform | BofA Securities |
| 5/3/2024 | $36.00 | Underperform → Neutral | Mizuho |
| 1/22/2024 | $34.00 | Sell → Neutral | Guggenheim |
| 8/25/2023 | Underweight → Sector Weight | KeyBanc Capital Markets | |
| 2/9/2023 | $45.00 → $38.00 | Neutral → Underperform | Mizuho |
| 11/2/2022 | $44.00 → $40.00 | Buy → Neutral | Mizuho |
| 11/1/2022 | $33.00 | Sector Weight → Underweight | KeyBanc Capital Markets |
| 9/23/2022 | $44.00 | Neutral → Buy | Mizuho |
| 3/10/2022 | $47.00 | Neutral | Mizuho |
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SPOKANE, Wash., April 12, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) announced that Wayne Manuel, age 50, will join Avista as Vice President, Chief Information Officer and Chief Security Officer on June 1, 2023. For the past 9 years, Mr. Manuel has held the role of Senior Vice President, Chief Strategy Officer and Chief Information Officer at Valley Medical Center in Renton, Wash., the largest nonprofit healthcare provider between Seattle and Tacoma with about 4,000 employees. During the pandemic, Mr. Manuel designed and implemented near real-time COVID-19 Operational Dashboards and facilitated and instituted a plan to handle major surges in patient volumes. He also directed the i
VANCOUVER, BC, Jan. 18, 2023 /PRNewswire/ - Silver Valley Metals Corp. (TSXV:SILV) (OTCQB:SVMFF) ("Silver Valley" or the "Company"), is pleased to announce the appointment of Douglas Dobbs, Corporate Development Director. Mr. Dobbs brings more than 25 years of experience in senior leadership and board positions including Mines Management, Inc. (acquired by Hecla Mining (NYSE: HL), Avista Labs Corp. (NYSE:AVA), Idaho North Mines, and investment firms Piper Jaffray Co. and National Securities Corp. Mr. Dobbs is a graduate of Hillsdale College with a bachelor's degree in Economics, and he has been a speaker at numerous investment conferences throughout North America and Europe discussing the t
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SPOKANE, Wash., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Avista Utilities, an operating division of Avista Corp. (NYSE:AVA), has filed its 2025 Electric Integrated Resource Plan (IRP) with the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission. Avista produces an electric IRP every two years detailing projected growth in electricity demand and the new resources needed to serve customers over the next 20 years. The electric IRP balances resource requirements to meet Avista's clean energy targets while maintaining a reliable and cost-effective resource mix. The plan includes adding new renewable resources including wind and solar through contract or owne
The latest environmental, social and governance (ESG) information can be found at avistacorp.com. SPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE:AVA) published its latest Corporate Responsibility report and other environmental, social and governance (ESG) information on its corporate website, avistacorp.com. The content reports on Avista's operations and includes commitments in four areas: environment, people, customers and communities, and ethical governance. The latest report includes progress updates regarding Avista's aspirational goals for Clean Energy, for workplace Equity, Inclusion, and Diversity, for Supplier Diversity, and the publication of Avista's curr
SPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Avista's (NYSE:AVA) electric and natural gas general rate cases filed in January 2024 have concluded, with an order from the Washington Utilities and Transportation Commission (Commission) approving a two-year rate plan that will change electric and natural gas rates, beginning Jan. 1, 2025, and Jan. 1, 2026. For electric operations, the Commission approved rates designed to provide a 0.1 percent, or $0.8 million increase in base revenue for Rate Year 1, and a 11.6 percent, or $68.9 million increase in base revenue for Rate Year 2. For natural gas operations, the Commission approved rates designed to provide a 11.2 percent, or $14.2 millio
SPOKANE, Wash., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Avista Corp.'s (NYSE:AVA) board of directors has declared a quarterly dividend of $0.475 per share on the company's common stock. The common stock dividend is payable December 13, 2024, to shareholders of record at the close of business on November 26, 2024. The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account numerous factors, including financial results, business strategies, and economic and competitive conditions. About Avista Corp.Avista Corp. is an energy company involved in the production, transmission and distribution of
Quarterly results demonstrate continued improvement at core utility from 2023Expect to be at the low end of Avista Utilities guidance rangeLowering earnings guidance for our other businesses due to lower than expected investment valuations SPOKANE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) today announced financial results for the third quarter of 2024. Net income and earnings per diluted share for the third quarter and year-to-date 2024 compared to the same periods in 2023 are presented in the table below (dollars in thousands, except per-share data): Third Quarter Year-to-Date 2024 2023 2024 2023 Net Income (Loss) by Business Segment: Avista Uti
SPOKANE, Wash., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Avista Corporation (NYSE:AVA) today signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United, in the development of the North Plains Connector, an approximately 420-mile high-voltage direct-current (HVDC) transmission line to be constructed with endpoints near Bismarck, North Dakota and Colstrip, Montana. The parties will now work to finalize definitive agreements regarding Avista's participation, which is expected to involve a 10% ownership share of the project. Under the terms of the memorandum of understanding, North Plains Connector LLC will continue to fund the development o
SPOKANE, Wash., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE:AVA) filed a request with the Public Utility Commission of Oregon (PUC) to increase natural gas base rates effective September 1, 2025. The proposal is designed to increase overall natural gas base revenue by approximately $7.8 million, or 6.6% on a billed basis, and is based on a proposed rate of return of 7.67% with a common equity ratio of 50% and a 10.4% return on equity. "Our customers remain our primary focus as we make decisions about how and where to invest across the company," Avista CEO Dennis Vermillion said. "We strive to keep energy affordable while making important and necessary investment
SPOKANE, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- The Q'emiln Park boat launch ramp on the Spokane River in Post Falls, Idaho, will be closed for the season beginning Monday, Nov. 11. The ramp, located upstream of Avista's Post Falls Hydroelectric Development, is typically closed each year in mid-November due to weather conditions and dropping water levels. The boat launch must remain closed for safety reasons for much of the fall through spring. Generally, the ramp re-opens in the late spring or early summer, depending on the amount of inflow into Coeur d'Alene Lake. Please remember water levels and conditions around the dam are subject to change at any time. River users should exercise
SPOKANE, Wash., Oct. 21, 2024 (GLOBE NEWSWIRE) -- The U.S. Department of Energy (DOE) is awarding $85,664,781 in grant funding through its Grid Resilience and Innovation Partnerships (GRIP) program to Avista, in partnership with Idaho Power, to reconstruct the Lolo-Oxbow 230-kV transmission line. The line runs from the Oxbow Dam on the Oregon-Idaho border to Lewiston, Idaho. Idaho Power's new Pallette Junction Station will increase interregional transfer capability between the Pacific Northwest and Mountain regions. The project uses innovative construction approaches and advanced power flow control devices to optimally distribute power across the Lolo-Oxbow line and three other lines th
SPOKANE, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) will hold its quarterly conference call and webcast to discuss third quarter 2024 results on Wednesday, November 6, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with third quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on November 6, 2024. This call can be accessed on Avista's website at investor.avistacorp.com. You must pre-register for the call via the Presentations and Events link at Avista's website (investor.avistacorp.com/events-and-presentations) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista
SPOKANE, Wash., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Avista Corp.'s (NYSE:AVA) board of directors has declared a quarterly dividend of $0.475 per share on the company's common stock. The common stock dividend is payable December 13, 2024, to shareholders of record at the close of business on November 26, 2024. The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account numerous factors, including financial results, business strategies, and economic and competitive conditions. About Avista Corp.Avista Corp. is an energy company involved in the production, transmission and distribution of
Quarterly results demonstrate continued improvement at core utility from 2023Expect to be at the low end of Avista Utilities guidance rangeLowering earnings guidance for our other businesses due to lower than expected investment valuations SPOKANE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) today announced financial results for the third quarter of 2024. Net income and earnings per diluted share for the third quarter and year-to-date 2024 compared to the same periods in 2023 are presented in the table below (dollars in thousands, except per-share data): Third Quarter Year-to-Date 2024 2023 2024 2023 Net Income (Loss) by Business Segment: Avista Uti
SPOKANE, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) will hold its quarterly conference call and webcast to discuss third quarter 2024 results on Wednesday, November 6, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with third quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on November 6, 2024. This call can be accessed on Avista's website at investor.avistacorp.com. You must pre-register for the call via the Presentations and Events link at Avista's website (investor.avistacorp.com/events-and-presentations) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista
SPOKANE, Wash., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp.'s (NYSE:AVA) board of directors has declared a quarterly dividend of $0.475 per share on the company's common stock. The common stock dividend is payable September 13, 2024, to shareholders of record at the close of business on August 22, 2024. The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account numerous factors, including financial results, business strategies, and economic and competitive conditions. About Avista Corp.Avista Corp. is an energy company involved in the production, transmission and distribution of e
Year-to-date consolidated earnings reflect strength of core utility operationsConfirming consolidated earnings guidance of $2.36 to $2.56 per diluted shareContinued investment in system improved reliability during recent heat wave SPOKANE, Wash., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) today announced financial results for the second quarter of 2024. Net income and earnings per diluted share for the second quarter and year-to-date 2024 compared to the same periods in 2023 are presented in the table below (dollars in thousands, except per-share data): Second Quarter Year-to-Date 2024 2023 2024 2023 Net Income (Loss) by Business Segment: Avista Utilities$2
SPOKANE, Wash., July 08, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) will hold its quarterly conference call and webcast to discuss second quarter 2024 results on Wednesday, August 7, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with second quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on August 7, 2024. This call can be accessed on Avista's website at investor.avistacorp.com. You must pre-register for the call via the Presentations and Events link at Avista's website (investor.avistacorp.com/events-and-presentations) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista C
SPOKANE, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Avista Corp.'s (NYSE:AVA) board of directors has declared a quarterly dividend of $0.475 per share on the company's common stock. The common stock dividend is payable June 14, 2024, to shareholders of record at the close of business on May 23, 2024. The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account numerous factors, including financial results, business strategies, and economic and competitive conditions. About Avista Corp.Avista Corp. is an energy company involved in the production, transmission and distribution of energy
First quarter consolidated earnings per diluted share of $0.91, in line with expectationsConfirms consolidated earnings guidance of $2.36 to $2.56 per diluted share SPOKANE, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) today announced financial results for the first quarter of 2024. Net income and earnings per diluted share for the first quarter of 2024 compared to the first quarter of 2023 are presented in the table below (dollars in thousands, except per-share data): 2024 2023 Net Income (Loss) by Business Segment: Avista Utilities $67,508 $51,627 AEL&P 3,911 4,042 Other 76 (824)Total net income $71,495 $54,845 Earnings (Loss) per Diluted Share by Busi
SPOKANE, Wash., April 05, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) will hold its quarterly conference call and webcast to discuss first quarter 2024 results on Wednesday, May 1, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with first quarter 2024 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on May 1, 2024. This call can be accessed on Avista's website at investor.avistacorp.com. You must pre-register for the call via the Presentations and Events link at Avista's website (investor.avistacorp.com/events-and-presentations) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista Corp. we
2023 consolidated earnings per diluted share of $2.24Significant improvement in Avista Utilities earnings reflects the benefits of cost recovery and cost management2024 consolidated earnings guidance initiated at $2.36 to $2.56 per diluted share SPOKANE, Wash., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE:AVA) today announced financial results for 2023. Net income and earnings per diluted share for the fourth quarter and the year ended Dec. 31, 2023 (year-to-date) as compared to the respective periods of 2022 are presented in the table below (dollars in thousands, except per-share data): Fourth Quarter Year-to-Date 2023 2022 2023 2022 Net Income (Loss) by Business Segment:
Jefferies initiated coverage of Avista with a rating of Hold and set a new price target of $40.00
BofA Securities resumed coverage of Avista with a rating of Underperform and set a new price target of $37.00
Mizuho upgraded Avista from Underperform to Neutral and set a new price target of $36.00
Guggenheim upgraded Avista from Sell to Neutral and set a new price target of $34.00
KeyBanc Capital Markets upgraded Avista from Underweight to Sector Weight
Mizuho downgraded Avista from Neutral to Underperform and set a new price target of $38.00 from $45.00 previously
Mizuho downgraded Avista from Buy to Neutral and set a new price target of $40.00 from $44.00 previously
KeyBanc Capital Markets downgraded Avista from Sector Weight to Underweight and set a new price target of $33.00
Mizuho upgraded Avista from Neutral to Buy and set a new price target of $44.00
Mizuho initiated coverage of Avista with a rating of Neutral and set a new price target of $47.00