Avangrid Stock Price, News & Analysis (NYSE:AGR) $32.00 +1.13 (+3.66%) (As of 12/1/2023 ET) Add Compare Share Share Today's Range$30.75▼$32.0150-Day Range$28.36▼$32.9852-Week Range$27.46▼$44.77Volume828,089 shsAverage Volume781,693 shsMarket Capitalization$12.38 billionP/E Ratio23.19Dividend Yield5.50%Price Target$37.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Avangrid MarketRank™ Stock AnalysisAnalyst RatingReduce1.75 Rating ScoreUpside/Downside18.0% Upside$37.75 Price TargetShort InterestBearish7.17% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.80Upright™ Environmental ScoreNews SentimentN/AInsider TradingAcquiring Shares$9,987 Bought Last QuarterProj. Earnings Growth8.96%From $2.12 to $2.31 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 Sector56th out of 86 stocksElectric Services Industry30th out of 41 stocks 1.9 Analyst's Opinion Consensus RatingAvangrid has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.75, Avangrid has a forecasted upside of 18.0% from its current price of $32.00.Amount of Analyst CoverageAvangrid has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.17% of the float of Avangrid has been sold short.Short Interest Ratio / Days to CoverAvangrid has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Avangrid has recently increased by 1.60%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend LeadershipAvangrid is a leading dividend payer. It pays a dividend yield of 5.62%, 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 127.54%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Avangrid will have a dividend payout ratio of 76.19% in the coming year. This indicates that Avangrid may not be able to sustain their current 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 2.4 News and Social Media Coverage News SentimentAvangrid has a news sentiment score of 0.27. 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 lower news sentiment than the 0.45 average news sentiment score of Utilities companies.Search Interest3 people have searched for AGR on MarketBeat in the last 30 days. This is an increase of 50% 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 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avangrid insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,987.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.06% of the stock of Avangrid is held by insiders.Percentage Held by InstitutionsOnly 12.93% of the stock of Avangrid is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Avangrid are expected to grow by 8.96% in the coming year, from $2.12 to $2.31 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avangrid is 23.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.21.Price to Earnings Ratio vs. SectorThe P/E ratio of Avangrid is 23.19, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.77.Price to Earnings Growth RatioAvangrid has a PEG Ratio of 3.66. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAvangrid has a P/B Ratio of 0.61. 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 Stock (NYSE:AGR)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 in two segments: Networks and Renewables. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 9.2 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.Read More AGR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AGR Stock News HeadlinesNovember 24, 2023 | finance.yahoo.comWhy Is Avangrid (AGR) Up 6.7% Since Last Earnings Report?November 20, 2023 | finance.yahoo.comAvangrid, University of Bridgeport Host Offshore Wind Workshop for Local High School, College StudentsDecember 1, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 16, 2023 | finance.yahoo.comAvangrid Chairman Ignacio Galán named on the inaugural TIME100 Climate List of the 100 most influential leaders driving business climate actionNovember 14, 2023 | bizjournals.comInside Nike's lawsuits with Skechers, Avangrid, Odell Beckham and moreNovember 14, 2023 | finance.yahoo.comAvangrid Named a Leading Utility for Decarbonization by National Public Utilities CouncilNovember 8, 2023 | benzinga.comStatement From Avangrid on the Maine Utility Takeover ReferendumNovember 5, 2023 | finance.yahoo.comAvangrid (NYSE:AGR) Has Announced A Dividend Of $0.44December 1, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 1, 2023 | finance.yahoo.comAvangrid Annual Hackathon Invests in the Next Generation of Clean Energy TalentOctober 31, 2023 | forbes.comAvangrid Buy Write Taps Into November 30 DividendOctober 29, 2023 | finance.yahoo.comAvangrid, Inc. (NYSE:AGR) Q3 2023 Earnings Call TranscriptOctober 28, 2023 | seekingalpha.comAvangrid, Inc. 2023 Q3 - Results - Earnings Call PresentationOctober 27, 2023 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Avangrid (AGR) and Vistra Energy (VST)October 27, 2023 | finance.yahoo.comVineyard Wind closes $1.2B tax equity deal under Inflation Reduction ActOctober 25, 2023 | businesswire.comAvangrid and Copenhagen Infrastructure Partners Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.October 25, 2023 | benzinga.comAvangrid Third Quarter 2023 Financial Results Available on Company's WebsiteOctober 25, 2023 | msn.comAvangrid Non-GAAP EPS of $0.27 misses by $0.11, revenue of $1.97B beats by $10MOctober 25, 2023 | finance.yahoo.comAvangrid Third Quarter 2023 Financial Results Available on Company’s WebsiteOctober 25, 2023 | finance.yahoo.comAvangrid Inc (AGR) Reports Q3 2023 Financial ResultsOctober 25, 2023 | finance.yahoo.comAvangrid Establishes New Compliance Unit to Expand Leadership Involvement in its Compliance ProgramOctober 24, 2023 | benzinga.com6AGR : Earnings Preview: AvangridOctober 23, 2023 | bizjournals.comAvangrid CFO to step down; controller to step upOctober 22, 2023 | finance.yahoo.comAvangrid (NYSE:AGR) Is Paying Out A Dividend Of $0.44October 20, 2023 | finance.yahoo.comAVANGRID (AGR) to Report Q3 Earnings: Here's What to ExpectOctober 20, 2023 | ca.finance.yahoo.comAvangrid, Inc. (AGR)October 19, 2023 | benzinga.comAvangrid Employees Volunteer More than 5,500 Hours During Company's Volunteer WeekSee More Headlines 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 Company Calendar Ex-Dividend for 10/2 Dividend8/31/2023Dividend Payable10/02/2023Last Earnings10/25/2023Ex-Dividend for 1/2 Dividend11/30/2023Today12/01/2023Fiscal Year End12/31/2023Dividend Payable1/02/2024Next Earnings (Estimated)2/20/2024Get 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 Target$37.75 High Stock Price Target$43.00 Low Stock Price Target$35.00 Potential Upside/Downside+19.2%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.38 Trailing P/E Ratio22.95 Forward P/E Ratio14.94 P/E Growth3.66Net Income$881 million Net Margins6.55% Pretax Margin5.05% Return on Equity2.85% Return on Assets1.40% Debt Debt-to-Equity Ratio0.49 Current Ratio0.78 Quick Ratio0.66 Sales & Book Value Annual Sales$7.92 billion Price / Sales1.55 Cash Flow$5.19 per share Price / Cash Flow6.10 Book Value$52.68 per share Price / Book0.60Miscellaneous Outstanding Shares386,770,000Free Float386,539,000Market Cap$12.25 billion OptionableOptionable Beta0.47 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Pedro Azagra Blazquez (Age 55)CEO & Director Comp: $2.23MMr. Dave LabelleChief Administrative OfficerAlvaro Ortega SebastianVice President of Finance, Investor & Shareholder Relations and RiskGerman Gonzalez AvecillaVP & Chief Compliance OfficerMs. Kimberly A. Harriman (Age 50)Senior Vice President of State Government Affairs & Corporate Communications Mr. Ignacio Estella (Age 53)Senior Vice President of Corporate Development Ms. Kyra PattersonVP & Chief Human Resources OfficerNacho ArronteVP & Chief Risk OfficerMr. Alfredo Del CantoSenior VP & Chief of StaffMs. Karen L. Zink (Age 66)President & COO of the Berkshire Gas Co. More ExecutivesKey CompetitorsVistraNYSE:VSTNRG EnergyNYSE:NRGKorea Electric PowerNYSE:KEPPinnacle West CapitalNYSE:PNWBrookfield Renewable PartnersNYSE:BEPView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 1,576,694 shares on 12/1/2023Ownership: 0.034%Deutsche Bank AGSold 375 shares on 11/24/2023Ownership: 0.002%Comerica BankBought 3,820 shares on 11/21/2023Ownership: 0.001%Public Employees Retirement System of OhioSold 3,040 shares on 11/16/2023Ownership: 0.008%Integrated Advisors Network LLCBought 9,113 shares on 11/16/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions AGR Stock Analysis - Frequently Asked Questions Should I buy or sell Avangrid stock right now? 4 Wall Street 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 analysts is that investors should "reduce" AGR shares. View AGR analyst ratings or view top-rated stocks. What is Avangrid's stock price target for 2024? 4 equities research analysts have issued twelve-month price objectives for Avangrid's shares. Their AGR share price targets range from $35.00 to $43.00. On average, they expect the company's share price to reach $37.75 in the next twelve months. This suggests a possible upside of 18.0% 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 at the beginning of the year. Since then, AGR shares have decreased by 25.5% and is now trading at $32.00. View the best growth stocks for 2023 here. Are investors shorting Avangrid? Avangrid saw a increase in short interest in October. As of October 31st, there was short interest totaling 5,000,000 shares, an increase of 11.6% from the October 15th total of 4,480,000 shares. Based on an average trading volume of 999,900 shares, the days-to-cover ratio is presently 5.0 days. Currently, 7.1% of the company's stock are short sold. View Avangrid's Short Interest. When is Avangrid's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our AGR earnings forecast. How were Avangrid's earnings last quarter? Avangrid, Inc. (NYSE:AGR) released its earnings results on Wednesday, October, 25th. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by $0.15. The utilities provider earned $1.97 billion during the quarter, compared to the consensus estimate of $1.99 billion. Avangrid had a net margin of 6.55% and a trailing twelve-month return on equity of 2.85%. How often does Avangrid pay dividends? What is the dividend yield for Avangrid? Avangrid declared a quarterly dividend on Wednesday, October 18th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.44 per share on Tuesday, January 2nd. This represents a $1.76 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Thursday, November 30th. Read our dividend analysis for AGR. 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 5.62%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 127.54%. 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 76.19% in the coming year. This indicates that the company may not be able to sustain their current dividend. 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 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). What guidance has Avangrid issued on next quarter's earnings? Avangrid issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $2.20-2.35 for the period, compared to the consensus estimate of $2.14. 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). Who are Avangrid's major shareholders? Avangrid's stock is owned by many different retail and institutional investors. Top institutional investors include Royal Bank of Canada (0.90%), Mackenzie Financial Corp (0.41%), Morgan Stanley (0.33%), AQR Capital Management LLC (0.23%), Legal & General Group Plc (0.22%) and JPMorgan Chase & Co. (0.19%). 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. This page (NYSE:AGR) was last updated on 12/1/2023 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. 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