NYSE:AGR Avangrid (AGR) Stock Forecast, Price & News $38.87 +0.65 (+1.70%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$37.98▼$38.9850-Day Range$37.19▼$41.1252-Week Range$36.81▼$51.71Volume349,412 shsAverage Volume621,920 shsMarket Capitalization$15.03 billionP/E Ratio22.09Dividend Yield4.53%Price Target$42.83 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Avangrid MarketRank™ ForecastAnalyst RatingHold1.83 Rating ScoreUpside/Downside10.2% Upside$42.83 Price TargetShort InterestBearish5.95% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.80Upright™ Environmental ScoreNews Sentiment1.03Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth5.83%From $2.23 to $2.36 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.13 out of 5 starsUtilities Sector59th out of 88 stocksElectric Services Industry25th out of 43 stocks 1.9 Analyst's Opinion Consensus RatingAvangrid has received a consensus rating of Hold. The company's average rating score is 1.83, and is based on 1 buy rating, 3 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $42.83, Avangrid has a forecasted upside of 10.2% from its current price of $38.87.Amount of Analyst CoverageAvangrid has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.95% of the float of Avangrid has been sold short.Short Interest Ratio / Days to CoverAvangrid has a short interest ratio ("days to cover") of 6.8.Change versus previous monthShort interest in Avangrid has recently decreased by 4.97%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipAvangrid is a leading dividend payer. It pays a dividend yield of 4.60%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAvangrid does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Avangrid is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Avangrid will have a dividend payout ratio of 74.58% next year. This indicates that Avangrid will be able to sustain or increase its dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAvangrid has received a 18.83% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Main electricity grid operation services", and "Local electricity grid operation services" products. See details.Environmental SustainabilityThe Environmental Impact score for Avangrid is -2.80. Previous Next 3.4 News and Social Media Coverage News SentimentAvangrid has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Avangrid this week, compared to 5 articles on an average week.Search InterestOnly 3 people have searched for AGR on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.MarketBeat Follows2 people have added Avangrid to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avangrid insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.06% of the stock of Avangrid is held by insiders.Percentage Held by InstitutionsOnly 11.96% of the stock of Avangrid is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Avangrid are expected to grow by 5.83% in the coming year, from $2.23 to $2.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avangrid is 22.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Avangrid is 22.09, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.30.Price to Earnings Growth RatioAvangrid has a PEG Ratio of 3.88. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAvangrid has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Avangrid (NYSE:AGR) StockAvangrid, Inc. engages in the energy transmission and gas distribution. It operates through the following segments: Networks, Renewables, and Other. The Networks segment includes energy transmission and distribution, electric transmission, and gas distribution activities. The Renewables segment relates to renewable energy, mainly wind energy generation and trading related to such activities. The Other segment covers miscellaneous corporate revenues including intersegment eliminations. The company was founded in 1852 and is headquartered in Orange, CT.Read More Receive AGR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avangrid and its competitors with MarketBeat's FREE daily newsletter. Email Address AGR Stock News HeadlinesJune 6, 2023 | finance.yahoo.comMaine Public Utilities Commission Unanimously Approve Central Maine Power Multi-year Rate PlanMay 31, 2023 | technews.tmcnet.comAvangrid Student Loan Repayment Program Saves Employees More Than $300,000 in Its First Three MonthsJune 8, 2023 | Behind the Markets (Ad)Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>May 25, 2023 | businesswire.comAvangrid Chairman Ignacio Galán Receives the ESG Leadership Award from The Foreign Policy Association in New YorkMay 25, 2023 | finance.yahoo.comAvangrid (AGR) Down 3.5% Since Last Earnings Report: Can It Rebound?May 24, 2023 | businesswire.comAvangrid Named One of America’s Climate Leaders 2023 By USA TodayMay 22, 2023 | americanbankingnews.comAnalysts Set Avangrid, Inc. (NYSE:AGR) PT at $42.83May 20, 2023 | finance.yahoo.comAVANGRID to Participate in the American Gas Association 2023 Financial ForumJune 8, 2023 | Behind the Markets (Ad)⚡ 2,467% Return on Israeli Laser Company?This advanced laser system is active in 80 countries around the world. And at the center of this massive market is a small firm in Israel. Our research shows that anyone who gets in today could see a return of 2,467%. But that's only if the company doesn't get taken over for a fast 300% gain first.May 20, 2023 | americanbankingnews.comAvangrid (NYSE:AGR) Coverage Initiated at StockNews.comMay 18, 2023 | finance.yahoo.comStatement From AVANGRID COO Sy Oytan on U.S. District Court Ruling Related to Vineyard Wind 1 ProjectMay 15, 2023 | benzinga.comAVANGRID Strengthens Support for Energy Innovation by Extending Collaboration With YaleMay 12, 2023 | finance.yahoo.comVineyard Wind Announces Investment In US-Based Bubble Curtain SupplierMay 10, 2023 | americanbankingnews.comAvangrid, Inc. Forecasted to Post Q3 2023 Earnings of $0.38 Per Share (NYSE:AGR)May 4, 2023 | seekingalpha.comAvangrid: Shares Fairly Valued After Earnings, Solid Dividend YieldMay 4, 2023 | finance.yahoo.comAvangrid (NYSE:AGR) Is Due To Pay A Dividend Of $0.44April 29, 2023 | finance.yahoo.comADDING and REPLACING Massive Shareholder Support for Management of AVANGRID’s Parent Company Iberdrola in a Record Year for the CompanyApril 29, 2023 | americanbankingnews.comAnalysts Set Avangrid, Inc. (NYSE:AGR) Target Price at $42.83April 28, 2023 | americanbankingnews.comAvangrid (NYSE:AGR) Announces Quarterly Earnings ResultsApril 27, 2023 | finance.yahoo.comAVANGRID Becomes Corporate Sponsor of New Mexico Agriculture in the ClassroomApril 26, 2023 | seekingalpha.comAvangrid Inc. (AGR) Q1 2023 Earnings Call TranscriptApril 26, 2023 | finance.yahoo.comAVANGRID's (AGR) Q1 Earnings Lag Estimates, Revenues BeatApril 25, 2023 | finance.yahoo.comAvangrid (AGR) Q1 Earnings Lag EstimatesApril 25, 2023 | finance.yahoo.comAVANGRID First Quarter 2023 Financial Results Available on Company’s WebsiteApril 24, 2023 | americanbankingnews.comAvangrid (AGR) to Release Quarterly Earnings on TuesdayApril 21, 2023 | americanbankingnews.comKeyCorp Research Analysts Decrease Earnings Estimates for Avangrid, Inc. (NYSE:AGR)April 20, 2023 | bloomberg.comAvangrid’s $1 Billion Power-Line Project Prevails in Maine CourtSee More Headlines AGR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AGR Company Calendar Ex-Dividend for 4/3 Dividend2/28/2023Dividend Payable4/03/2023Last Earnings4/26/2023Ex-Dividend for 7/3 Dividend5/31/2023Today6/07/2023Dividend Payable7/03/2023Next Earnings (Estimated)7/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:AGR CUSIPN/A CIK1634997 Webwww.avangrid.com Phone(207) 629-1190FaxN/AEmployees7,579Year FoundedN/APrice Target and Rating Average Stock Price Forecast$42.83 High Stock Price Forecast$57.00 Low Stock Price Forecast$34.00 Forecasted Upside/Downside+10.5%Consensus RatingHold Rating Score (0-4)1.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$1.76 Trailing P/E Ratio22.02 Forward P/E Ratio17.38 P/E Growth3.88Net Income$881 million Net Margins8.25% Pretax Margin6.58% Return on Equity3.43% Return on Assets1.73% Debt Debt-to-Equity Ratio0.40 Current Ratio0.69 Quick Ratio0.59 Sales & Book Value Annual Sales$7.92 billion Price / Sales1.89 Cash Flow$5.20 per share Price / Cash Flow7.45 Book Value$52.61 per share Price / Book0.74Miscellaneous Outstanding Shares386,640,000Free Float386,409,000Market Cap$14.99 billion OptionableOptionable Beta0.42 Key ExecutivesPedro Azagra BlázquezChief Executive Officer & DirectorRobert D. KumpPresident & Deputy Chief Executive OfficerPatricia C. CosgelChief Financial Officer & Senior Vice PresidentR. Scott MahoneySecretary, Senior Vice President & General CounselManuel GonzalezChief of Staff & Senior Vice PresidentKey CompetitorsCenterPoint EnergyNYSE:CNPPPLNYSE:PPLKorea Electric PowerNYSE:KEPVistraNYSE:VSTPinnacle West CapitalNYSE:PNWView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 5,835 shares on 6/1/2023Ownership: 0.009%Empower Advisory Group LLCBought 301,972 shares on 5/25/2023Ownership: 0.078%Ameriprise Financial Inc.Sold 370 shares on 5/22/2023Ownership: 0.003%New York State Common Retirement FundSold 2,246 shares on 5/18/2023Ownership: 0.047%Harvest Portfolios Group Inc.Bought 11,250 shares on 5/18/2023Ownership: 0.025%View All Insider TransactionsView All Institutional Transactions AGR Stock - Frequently Asked Questions Should I buy or sell Avangrid stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AGR, but not buy additional shares or sell existing shares. View AGR analyst ratings or view top-rated stocks. What is Avangrid's stock price forecast for 2023? 6 Wall Street research analysts have issued twelve-month price targets for Avangrid's shares. Their AGR share price forecasts range from $34.00 to $57.00. On average, they expect the company's share price to reach $42.83 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price. View analysts price targets for AGR or view top-rated stocks among Wall Street analysts. How have AGR shares performed in 2023? Avangrid's stock was trading at $42.98 on January 1st, 2023. Since then, AGR shares have decreased by 9.8% and is now trading at $38.76. View the best growth stocks for 2023 here. When is Avangrid's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023. View our AGR earnings forecast. How were Avangrid's earnings last quarter? Avangrid, Inc. (NYSE:AGR) posted its quarterly earnings results on Wednesday, April, 26th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.12. The utilities provider had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.22 billion. Avangrid had a net margin of 8.25% and a trailing twelve-month return on equity of 3.43%. Avangrid's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. How often does Avangrid pay dividends? What is the dividend yield for Avangrid? Avangrid announced a quarterly dividend on Wednesday, April 12th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.44 per share on Monday, July 3rd. This represents a $1.76 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, May 31st. Read our dividend analysis for AGR. What ETFs hold Avangrid's stock? ETFs with the largest weight of Avangrid (NYSE:AGR) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), First Trust Utilities AlphaDEX Fund (FXU), SPDR S&P Kensho Clean Power ETF (CNRG), Global SuperDividend US ETF (DIV), Gabelli Love Our Planet & People ETF (LOPP), iShares Focused Value Factor ETF (FOVL), Invesco Zacks Mid-Cap ETF (CZA) and Invesco US Large Cap Core ESG ETF (IVLC). Is Avangrid a good dividend stock? Avangrid (NYSE:AGR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.60%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AGR will have a dividend payout ratio of 74.58% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AGR. What guidance has Avangrid issued on next quarter's earnings? Avangrid issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $2.20-$2.35 for the period, compared to the consensus EPS estimate of $2.22. The company issued revenue guidance of -. What other stocks do shareholders of Avangrid own? Based on aggregate information from My MarketBeat watchlists, some companies that other Avangrid investors own include AT&T (T), Casino, Guichard-Perrachon Societe Anonyme (COP), Input Capital (INP), Verizon Communications (VZ), Pfizer (PFE), AbbVie (ABBV), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Archer-Daniels-Midland (ADM) and Alibaba Group (BABA). What is Avangrid's stock symbol? Avangrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGR." Who are Avangrid's major shareholders? Avangrid's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (1.57%), ATLAS Infrastructure Partners UK Ltd. (1.17%), Wellington Management Group LLP (0.72%), First Trust Advisors LP (0.59%), State Street Corp (0.45%) and Mackenzie Financial Corp (0.31%). Insiders that own company stock include Alan D Solomont, Alan D Solomont and SA Iberdrola. View institutional ownership trends. How do I buy shares of Avangrid? Shares of AGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Avangrid's stock price today? One share of AGR stock can currently be purchased for approximately $38.76. How much money does Avangrid make? Avangrid (NYSE:AGR) has a market capitalization of $14.99 billion and generates $7.92 billion in revenue each year. The utilities provider earns $881 million in net income (profit) each year or $1.76 on an earnings per share basis. How many employees does Avangrid have? The company employs 7,579 workers across the globe. How can I contact Avangrid? Avangrid's mailing address is 180 Marsh Hill Road, ORANGE CT, 06477. The official website for the company is www.avangrid.com. The utilities provider can be reached via phone at (207) 629-1190 or via email at investors@avangrid.com. This page (NYSE:AGR) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Avangrid, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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