Avangrid, Inc. (NYSE:AGR) Receives Average Rating of "Reduce" from Brokerages

Avangrid, Inc. (NYSE:AGR - Get Free Report) has earned a consensus rating of "Reduce" from the four brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.75.

A number of research firms have issued reports on AGR. Mizuho lifted their price target on Avangrid from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, January 3rd. StockNews.com raised Avangrid from a "sell" rating to a "hold" rating in a research report on Friday, February 23rd. Janney Montgomery Scott reiterated a "sell" rating and set a $35.00 price target on shares of Avangrid in a report on Friday, March 8th. Finally, Wells Fargo & Company raised their price objective on Avangrid from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, February 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new position in shares of Avangrid in the 3rd quarter worth about $25,000. MetLife Investment Management LLC purchased a new position in Avangrid in the first quarter valued at about $53,000. Global Retirement Partners LLC grew its position in shares of Avangrid by 41.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,230 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 362 shares during the period. Lindbrook Capital LLC increased its stake in shares of Avangrid by 132.5% during the 3rd quarter. Lindbrook Capital LLC now owns 1,258 shares of the utilities provider's stock worth $38,000 after purchasing an additional 717 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new stake in shares of Avangrid in the 4th quarter worth approximately $41,000. Institutional investors own 13.12% of the company's stock.

Avangrid Stock Up 0.2 %

NYSE:AGR traded up $0.06 during trading hours on Wednesday, reaching $35.91. The company had a trading volume of 1,064,623 shares, compared to its average volume of 931,041. The business's 50-day simple moving average is $33.42 and its two-hundred day simple moving average is $32.11. Avangrid has a twelve month low of $27.46 and a twelve month high of $41.22. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 2.65 and a beta of 0.56. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 0.48.

Avangrid (NYSE:AGR - Get Free Report) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.03. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.40 billion. Avangrid had a return on equity of 3.92% and a net margin of 9.46%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. On average, equities analysts expect that Avangrid will post 2.25 earnings per share for the current year.

Avangrid Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Thursday, February 29th. Avangrid's dividend payout ratio is presently 86.70%.

Avangrid Company Profile

Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.