Avangrid (AGR) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" AGR shares.
View AGR analyst ratings or view top-rated stocks.

4 brokerages have issued twelve-month target prices for Avangrid's shares. Their AGR share price forecasts range from $35.00 to $43.00. On average, they predict the company's share price to reach $37.75 in the next year. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for AGR or view top-rated stocks among Wall Street analysts.

Avangrid's stock was trading at $42.98 at the beginning of 2023. Since then, AGR shares have decreased by 27.0% and is now trading at $31.38.
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Avangrid saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,830,000 shares, an increase of 7.8% from the August 31st total of 4,480,000 shares. Based on an average daily trading volume, of 706,900 shares, the days-to-cover ratio is presently 6.8 days. Currently, 6.8% of the company's shares are short sold.
View Avangrid's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our AGR earnings forecast.

Avangrid, Inc. (NYSE:AGR) announced its earnings results on Thursday, July, 27th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.29. The utilities provider had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.83 billion. Avangrid had a trailing twelve-month return on equity of 2.94% and a net margin of 7.23%. Avangrid's revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share.

Avangrid declared a quarterly dividend on Tuesday, July 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.44 per share on Monday, October 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for AGR.

ETFs with the largest weight of Avangrid (NYSE:AGR) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU), iShares Focused Value Factor ETF (FOVL), SPDR S&P Kensho Clean Power ETF (CNRG), Global SuperDividend US ETF (DIV), Gabelli Love Our Planet & People ETF (LOPP), Invesco Zacks Mid-Cap ETF (CZA), iShares Global Clean Energy ETF (ICLN) and Invesco US Large Cap Core ESG ETF (IVLC).

Avangrid (NYSE:AGR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 5.34%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 117.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AGR will have a dividend payout ratio of 76.52% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AGR.

Avangrid issued an update on its FY 2023 earnings guidance on Friday, July, 28th. The company provided EPS guidance of $2.20-$2.35 for the period, compared to the consensus estimate of $2.12. The company issued revenue guidance of -.

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).

Avangrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGR."

Avangrid's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.66%), Royal Bank of Canada (0.98%), State Street Corp (0.41%), Mackenzie Financial Corp (0.33%), Geode Capital Management LLC (0.25%) and JPMorgan Chase & Co. (0.17%). Insiders that own company stock include Alan D Solomont, Alan D Solomont and SA Iberdrola.
View institutional ownership trends.

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.
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One share of AGR stock can currently be purchased for approximately $31.38.

Avangrid (NYSE:AGR) has a market capitalization of $12.14 billion and generates $7.92 billion in revenue each year. The utilities provider earns $881 million in net income (profit) each year or $1.50 on an earnings per share basis.

The company employs 7,579 workers across the globe.

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.