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NYSE:AGR

Avangrid (AGR) Stock Forecast, Price & News

$31.37
-0.36 (-1.13%)
(As of 02:21 PM ET)
Compare
Today's Range
$31.14
$31.90
50-Day Range
$31.73
$39.06
52-Week Range
$31.14
$44.77
Volume
394,272 shs
Average Volume
649,064 shs
Market Capitalization
$12.13 billion
P/E Ratio
20.91
Dividend Yield
5.61%
Price Target
$37.75

Avangrid MarketRank™ Forecast

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
20.3% Upside
$37.75 Price Target
Short Interest
Bearish
6.81% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
1.16mentions of Avangrid in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.05%
From $2.09 to $2.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Utilities Sector

65th out of 84 stocks

Electric Services Industry

36th out of 41 stocks


AGR stock logo

About Avangrid (NYSE:AGR) Stock

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.

AGR Price History

AGR Stock News Headlines

Avangrid (NYSE:AGR) Reaches New 52-Week Low at $33.15
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Avangrid Earns Twelve ESG+F Accolades in 2023
Avangrid (NYSE:AGR) Upgraded by StockNews.com to "Hold"
Avangrid CEO Pedro Azagra Statement on Climate Week NYC
DBS Remains a Hold on Avangrid (AGR)
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Avangrid Companies Preparing for Impacts from Hurricane Lee
See More Headlines
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AGR Company Calendar

Ex-Dividend for 7/3 Dividend
5/31/2023
Dividend Payable
7/03/2023
Last Earnings
7/27/2023
Ex-Dividend for 10/2 Dividend
8/31/2023
Today
9/27/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Fax
N/A
Employees
7,579
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.75
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+20.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$881 million
Pretax Margin
5.54%

Debt

Sales & Book Value

Annual Sales
$7.92 billion
Cash Flow
$4.89 per share
Book Value
$52.61 per share

Miscellaneous

Free Float
386,539,000
Market Cap
$12.14 billion
Optionable
Optionable
Beta
0.43
7 Stocks to Buy And Hold Forever Cover

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Key Executives

  • Mr. Pedro Azagra Blazquez (Age 55)
    CEO & Director
    Comp: $2.23M
  • Ms. Patricia C. Cosgel (Age 57)
    Sr. VP & CFO
    Comp: $790.47k
  • Mr. R. Scott Mahoney (Age 57)
    Sr. VP, Gen. Counsel & Company Sec.
    Comp: $1.13M
  • Mr. Jose Antonio Miranda Soto (Age 51)
    Pres & CEO of Avangrid Renewables, LLC
    Comp: $1.04M
  • Mr. Dave Labelle
    Chief Admin. Officer
  • Alvaro Ortega Sebastian
    VP of Fin., Investor & Shareholder Relations and Risk
  • Ms. Kimberly A. Harriman (Age 50)
    Sr. VP of State Gov. Affairs & Corp. Communications
  • Mr. Ignacio Estella (Age 53)
    Sr. VP of Corp. Devel.
  • Ms. Kyra Patterson
    VP & Chief HR Officer
  • Nacho Arronte
    VP & Chief Risk Officer













AGR Stock - Frequently Asked Questions

Should I buy or sell Avangrid stock right now?

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.

What is Avangrid's stock price forecast for 2023?

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.

How have AGR shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Avangrid?

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
.

When is Avangrid's next earnings date?

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

How were Avangrid's earnings last quarter?

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.

How often does Avangrid pay dividends? What is the dividend yield for Avangrid?

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
.

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 5.34%. 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.

What guidance has Avangrid issued on next quarter's earnings?

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 -.

What other stocks do shareholders of Avangrid own?
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 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
.

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 $31.38.

How much money does Avangrid make?

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.

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 9/27/2023 by MarketBeat.com Staff

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