AGR has been the subject of a number of other reports. Wells Fargo & Co lowered shares of Avangrid from an outperform rating to a market perform rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Avangrid from a hold rating to a sell rating in a research note on Tuesday, December 26th. TheStreet upgraded shares of Avangrid from a c rating to a b- rating in a research note on Monday, December 18th. Bank of America started coverage on shares of Avangrid in a research note on Tuesday, October 24th. They issued a buy rating and a $52.00 price objective for the company. Finally, Goldman Sachs Group started coverage on shares of Avangrid in a research note on Wednesday, January 10th. They issued a buy rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $49.90.
Shares of Avangrid (NYSE:AGR) opened at $50.22 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. Avangrid has a one year low of $40.50 and a one year high of $53.46. The stock has a market cap of $15,518.23, a P/E ratio of 23.36, a PEG ratio of 2.52 and a beta of 0.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.432 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.73 dividend on an annualized basis and a yield of 3.44%. Avangrid’s dividend payout ratio is 80.47%.
A number of institutional investors have recently added to or reduced their stakes in AGR. Alliancebernstein L.P. grew its stake in Avangrid by 14.7% in the 2nd quarter. Alliancebernstein L.P. now owns 41,280 shares of the utilities provider’s stock valued at $1,823,000 after buying an additional 5,300 shares in the last quarter. Stifel Financial Corp bought a new position in Avangrid in the 2nd quarter valued at $242,000. State Street Corp boosted its holdings in Avangrid by 2.7% in the 2nd quarter. State Street Corp now owns 723,255 shares of the utilities provider’s stock valued at $31,934,000 after purchasing an additional 19,047 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Avangrid by 19.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,509 shares of the utilities provider’s stock valued at $817,000 after purchasing an additional 2,987 shares during the period. Finally, Mycio Wealth Partners LLC bought a new position in Avangrid in the 3rd quarter valued at $828,000. Institutional investors and hedge funds own 14.06% of the company’s stock.
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Avangrid Company Profile
Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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