Reading the tape
NYSE: AVA
Avista Corporation
Utilities · Diversified Utilities
Market Cap
$3.40B
52w High
$43.50
52w Low
$35.50
P/E
16.47
Volume
176.97K
Outstanding Shares
82.54M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -2.34%Revenue (TTM): -30.76%FCF (TTM): 46,800%P/E: 30th pct
What changed
The stock fell 2.34% over the last year. Revenue declined 30.76% over the trailing twelve months. Operating margin moved from 16.99% to 17%. Free cash flow grew 46,800% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 17%. A decisive move in revenue — currently down 30.76% — would be the clearest signal to resolve the ambiguity.
Company profile
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company.
CEOHeather Lynn Rosentrater
SectorUtilities
IndustryDiversified Utilities
Employees1,920
IPO dateMay 22, 1981
Valuation
Forward P/E—
EV/EBITDA9.90
Enterprise value$6.48B
Stock splits
Nov 10, 1993↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth-100%
Gross margin52.78%▼58.88%vs FY2024
Operating margin17%▲14.15%vs FY2024
ROE7.12%▲2.55%vs FY2024
Analyst consensus
RatingHold
Target price$40.67▼1.32%
0
Buy
11
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $1.04 · Revenue est $643.55M
View
Dividends
$1.96/shareQuarterlyDividend Aristocrat · 26yrAt RiskAVA pays a dividend with a 4.76% dividend yield, 26 consecutive years of growth, growing at 3.69% annually, covered -0.6× by free cash flow.
Dividend Yield
4.76%
Annual Div / Share
$1.96
5yr CAGR
+3.69%
Doubles every ~19.1yr
Payout Ratio
82.38%
At Risk
Dividend Growth Rate
3yr CAGR
+3.31%
5yr CAGR
+3.69%
10yr CAGR
+3.95%
Dividend Safety
1/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.96+2.5%
2024$1.92+3.2%
2023$1.85+4.2%
2022$1.78+4.2%
2021$1.71+4.4%
2020$1.64+4.5%
2019$1.57+4.2%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$48/yr
$4/mo
In 5 yrs
$57/yr+20%
$5/mo
In 10 yrs
$68/yr+44%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$48/yr $4/mo | $57/yr+20% $5/mo | $68/yr+44% $6/mo |
Yield-on-cost grows from 4.76% → 6.84% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
AVA has raised its dividend for 26 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Risks to Watch
High payout ratio
With 82.38% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only -0.64× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.