41.73 0.00 (0.00%)
After hours: 5:31PM EST
|Bid||0.00 x 1000|
|Ask||0.00 x 3000|
|Day's Range||41.28 - 41.74|
|52 Week Range||39.92 - 52.91|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||23.30|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||1.55 (3.78%)|
|1y Target Est||39.50|
Avista Corp (NYSE:AVA) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
SPOKANE, Wash., Feb. 08, 2019 -- Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $136.4 million, or $2.07 per diluted share, for.
Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.3875 per share on the company’s common stock, an increase of $0.015 per share (4.0 percent), yielding an annualized dividend of $1.55. “The dividend increase approved by the board of directors marks the seventeenth consecutive year the board has raised the dividend for our shareholders. The declaration of dividends is at the sole discretion of the board of directors.
Hydro One will pay Avista a $103 million termination fee, the companies said. A Washington state regulator rejected the purchase, saying “decisions affecting Hydro One’s and Avista’s business operations and financial integrity are subject to political considerations” that may not be in the best interest of Avista, its customers and Hydro One’s non-government shareholders. Avista shares were down 6 cents after hours to $41.01.
Canadian electric utility Hydro One Ltd and its U.S.-based rival Avista Corp agreed to terminate their merger after failing to receive regulatory backing. Hydro One proposed to buy Avista for C$6.7 billion ($5.02 billion) in 2017 to help expand into the U.S. Northwest. Hydro One said on Wednesday it would pay Avista $103 million in termination fees.
Hydro One Ltd. and Avista Corp. said late Wednesday that the two companies had killed plans to merge. Avista stock is down 0.1% in after-hours trading. The companies elected to end the merger process after regulators in Washington state and Idaho would not approve the deal. The deal was expected to be worth $5.3 billion and the companies sait it would have created one of the largest regulated utilities in North America. Avista stock closed down 0.2% to $41.07 during the regular session, as the S&P 500 index gained 0.2%.
Hydro One announces Redemption of Convertible Debentures Represented by Instalment Receipts
Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) today announced that the companies have mutually agreed to terminate their previously announced merger agreement. This decision follows the recent orders by the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission which denied approval of the merger. After careful consideration and analysis of the likelihood of achieving a timely reversal of those orders, the Boards of Directors of Hydro One and Avista each individually determined that termination of the merger agreement is the best course of action for the companies and their respective shareholders.
SPOKANE, Wash. , Jan. 15, 2019 -- Avista Corp. (NYSE: AVA) will hold its quarterly conference call and webcast to discuss fourth quarter 2018 results on Friday, Feb. 8, 2019,.
Hydro One Limited (“Hydro One”) (TSX:H.TO) and Avista Corporation (“Avista”) today announced that in light of the recent decisions by the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission to deny Hydro One’s acquisition of Avista, the Oregon Public Utility Commission (“OPUC”) issued an order (“Order 19-008”) suspending indefinitely the current procedural schedule in its merger docket until Hydro One and Avista inform the OPUC that they have sought a reversal of the denial decisions through appeal or other means that would provide a justiciable issue for the OPUC to address.
Duke Energy says the joint investment in California-based Open Energy Solutions builds on open grid standards that Duke has been working on for years and will be useful to Duke's $16 billion Carolinas grid modernization plan.
Avista Development, a wholly owned unregulated subsidiary of Spokane, Wash.-based Avista Corp. (AVA) and Duke Energy (DUK) today announced a joint investment in Open Energy Solutions Inc. (OES) to develop open source software for grid edge technology solutions. This marks the first time multiple utilities have collaborated to create open source software, spurring innovation and creating a new market for this technology.
TORONTO and SPOKANE, WA , Jan. 8, 2019 /CNW/ - Today, the Washington Utilities and Transportation Commission ("UTC") gave notice ("Notice") of the deemed denial by operation of law of the petition filed by Hydro One Limited ("Hydro One") (TSX:H.TO) and Avista Corporation ("Avista") (AVA) requesting the UTC to reconsider its denial of approval for Hydro One's acquisition of Avista. In the same Notice, the UTC also denied the petition for a rehearing on the basis that it is moot. The companies are disappointed in the UTC's decision and will determine the appropriate next steps.
The Idaho Public Utilities Commission has rejected Canadian electric utility Hydro One Ltd's proposed C$6.7 billion ($4.97 billion) acquisition of Avista Corp, the companies said on Thursday. The regulator's decision follows last month's rejection of the proposed deal by a Washington state regulator saying it would not adequately protect Avista or its customers from political and financial risk. In 2017, Hydro One had proposed to buy its U.S. peer Avista as it sought to expand into the U.S. Northwest.
TORONTO and SPOKANE, WA, Jan. 3, 2019 /PRNewswire/ - Hydro One Limited ("Hydro One") (TSX:H.TO) and Avista Corporation ("Avista") (AVA) received a regulatory decision from the Idaho Public Utilities Commission (the "Commission"), denying the proposed merger of the two companies. The companies are disappointed in the Commission's decision, are reviewing the order in detail and will determine the appropriate next steps.
Rating Action: Moody's downgrades Avista Corp. to Baa2, outlook stable. Global Credit Research- 20 Dec 2018. Approximately $1.1 billion of securities affected.
We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In this article, we look at what those funds think of Avista Corp (NYSE:AVA) based on that data. […]
TORONTO and SPOKANE, WA , Dec. 17, 2018 /CNW/ - As announced on December 10, 2018 , Hydro One Limited ("Hydro One") (TSX:H.TO) and Avista Corporation ("Avista") (AVA) today filed a petition requesting that the Washington Utilities and Transportation Commission ("UTC") reconsider its December 5, 2018 order denying approval of Hydro One's acquisition of Avista, together with a petition requesting that the UTC rehear the matter to accept new evidence. Under Washington law, the UTC has 20 days to act on the petition for reconsideration. If the UTC grants the petition for reconsideration, it may modify its prior order or take any actions it deems appropriate, including extending the timeframe for its deliberations.