Trillium Asset Management LLC Has $5.63 Million Holdings in Avangrid, Inc. (NYSE:AGR)

Trillium Asset Management LLC reduced its position in shares of Avangrid, Inc. (NYSE:AGR - Free Report) by 48.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,826 shares of the utilities provider's stock after selling 165,697 shares during the period. Trillium Asset Management LLC's holdings in Avangrid were worth $5,633,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in Avangrid by 20.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,917,324 shares of the utilities provider's stock valued at $62,140,000 after buying an additional 326,084 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Avangrid by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 608,977 shares of the utilities provider's stock valued at $19,737,000 after buying an additional 48,174 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Avangrid by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 448,370 shares of the utilities provider's stock valued at $13,527,000 after buying an additional 3,907 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Avangrid by 10.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 411,508 shares of the utilities provider's stock worth $12,415,000 after purchasing an additional 39,937 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Avangrid by 0.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 343,593 shares of the utilities provider's stock worth $11,136,000 after purchasing an additional 2,849 shares in the last quarter. 13.12% of the stock is owned by hedge funds and other institutional investors.

Avangrid Trading Down 4.5 %

Shares of AGR traded down $1.69 during mid-day trading on Friday, reaching $35.84. The company had a trading volume of 3,369,575 shares, compared to its average volume of 694,252. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.68 and a beta of 0.55. The firm has a fifty day simple moving average of $36.27 and a 200-day simple moving average of $33.34. Avangrid, Inc. has a fifty-two week low of $27.46 and a fifty-two week high of $39.22. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Avangrid (NYSE:AGR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.18. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.54 billion. Avangrid had a net margin of 10.80% and a return on equity of 4.35%. Avangrid's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. On average, sell-side analysts anticipate that Avangrid, Inc. will post 2.23 EPS for the current fiscal year.

Avangrid Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.44 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.91%. Avangrid's dividend payout ratio (DPR) is presently 76.19%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AGR shares. Wells Fargo & Company raised their price objective on shares of Avangrid from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, February 23rd. StockNews.com raised shares of Avangrid from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. Finally, Janney Montgomery Scott reissued a "sell" rating and set a $35.00 price objective on shares of Avangrid in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, Avangrid has a consensus rating of "Hold" and a consensus price target of $34.75.

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.