AvistaNYSE: AVA

Avista is a utility company with a growing renewable energy business, including hydro, wind, and biomass. The company exhibits strong financials with a conservative balance sheet relative to peers. Compared to its historical multiple, the company appears to be trading at a discount at 14.8% earnings.

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Twelve new dividend increases this week, with an average and median increase of about 7.5%, showing the wealth-creating ability of dividend growth companies. Companies that regularly raise their dividends perform significantly better than those that do not, making them attractive for investors.

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SPOKANE, Wash., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) will hold its quarterly conference call and webcast to discuss fourth quarter 2023 results on Wednesday, February 21, 2024, at 10:30 a.m. Eastern Daylight Time. A news release with fourth quarter 2023 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on February 21, 2024.

The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like JAKK, GDOT, LAKE, AVA and FHN hold promise.

Avista Corporation consists of two regulated utilities: Avista Utilities, based Spokane, and Alaska Electric Light & Power. The company was in the top-10 for overall utility returns in 2022. Avista has a total electric generating capacity of 2,110 megawatts, with 57.0% of this coming from renewable sources, primarily hydro.  The US utility renewable average is only 20.0%. The company offers an attractive dividend yield of 5.08% with a 21-year streak of increases. The next raise will likely be in February, and I project a 5.0% boost.

Avista (AVA), with its regular dividend payment and rising earnings estimates, makes a strong case for investment in the utility space.

Avista is a utility company that operates in the electric and natural gas sector, with a focus on renewable energy. The company has shown steady revenue and earnings growth over the past decade, with a 20-year streak of annual dividend increases. Avista is attractively valued with a P/E ratio of 15.3 and offers a 5.2% dividend yield, making it a solid investment opportunity.