Avista Corp (AVA) Files Form 4 Insider Selling : Dennis P Vermillion Sells 25,000 Shares

Avista Corp (AVA): Dennis P Vermillion , Senior Vice President of Avista Corp sold 25,000 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $40.64 per share for a total value of $1,015,995.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Dennis P Vermillion (Senior Vice President) sold 25,000 shares at $40.64 per share price.On Mar 10, 2016, R John Taylor (director) purchased 2,500 shares at $39.27 per share price.Also, On Mar 7, 2016, Marian M Durkin (Senior Vice President) sold 3,500 shares at $38.08 per share price.On Mar 2, 2016, James M Kensok (Vice President) sold 1,000 shares at $37.53 per share price.

Shares of Avista Corp (AVA) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.27% at $41.09 with 4,41,422 shares getting traded. Post opening the session at $41.09, the shares hit an intraday low of $40.53 and an intraday high of $41.22 and the price vacillated in this range throughout the day. The company has a market cap of $2,597 M and the number of outstanding shares has been calculated to be 6,32,10,140 shares. The 52-week high of Avista Corp is $42.165 and the 52-week low is $29.77.

Avista Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Avista Corp is Reiterated by Williams Capital Group to Hold and the brokerage firm has raised the Price Target to $ 37 from a previous price target of $35 .The Rating was issued on May 5, 2016.Avista Corp is Initiated by Mizuho to Neutral and the brokerage firm has set the Price Target at $41. The Rating was issued on Mar 31, 2016.Avista Corp is Downgraded by UBS to Sell and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $33 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 18, 2016.

Avista Corporation is primarily an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities and Alaska Electric Light and Power Company (AEL&P). Avista Utilities provides electric distribution and transmission as well as natural gas distribution services in parts of eastern Washington and northern Idaho. It also provides natural gas distribution service in parts of northeastern and southwestern Oregon. AEL&P owns and operates electric generation transmission and distribution facilities located in Juneau. The Company operates other businesses including sheet metal fabrication venture fund investments and real estate investments.

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