Avangrid (AGR) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last year. 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 Wall Street research analysts have issued 12-month price objectives for Avangrid's shares. Their AGR share price forecasts range from $35.00 to $43.00. On average, they expect the company's stock price to reach $37.75 in the next year. This suggests a possible upside of 24.7% 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 stock has decreased by 29.5% and is now trading at $30.28.
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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 volume of 706,900 shares, the days-to-cover ratio is currently 6.8 days. Currently, 6.8% of the shares of the company are sold short.
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 quarterly earnings data 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 the consensus estimate of $1.83 billion. Avangrid had a net margin of 7.23% and a trailing twelve-month return on equity of 2.94%. Avangrid's quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS.

Avangrid announced a quarterly dividend on Tuesday, July 18th. Investors of record on Friday, September 1st will be paid a dividend of $0.44 per share on Monday, October 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.81%. 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 5.55%. 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 updated its FY 2023 earnings guidance on Friday, July, 28th. The company provided earnings per share guidance of $2.20-$2.35 for the period, compared to the consensus EPS 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 shareholders 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 $30.28.

Avangrid (NYSE:AGR) has a market capitalization of $11.71 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.