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Avangrid Stock Price, News & Analysis (NYSE:AGR)

$32.00
+1.13 (+3.66%)
(As of 12/1/2023 ET)
Compare
Today's Range
$30.75
$32.01
50-Day Range
$28.36
$32.98
52-Week Range
$27.46
$44.77
Volume
828,089 shs
Average Volume
781,693 shs
Market Capitalization
$12.38 billion
P/E Ratio
23.19
Dividend Yield
5.50%
Price Target
$37.75

Avangrid MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
18.0% Upside
$37.75 Price Target
Short Interest
Bearish
7.17% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$9,987 Bought Last Quarter
Proj. Earnings Growth
8.96%
From $2.12 to $2.31 Per Share

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 stars

Utilities Sector

56th out of 86 stocks

Electric Services Industry

30th out of 41 stocks


AGR stock logo

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.

AGR Stock Price History

AGR Stock News Headlines

Why Is Avangrid (AGR) Up 6.7% Since Last Earnings Report?
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.
Avangrid (NYSE:AGR) Has Announced A Dividend Of $0.44
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.
Avangrid Inc (AGR) Reports Q3 2023 Financial Results
6AGR : Earnings Preview: Avangrid
Avangrid CFO to step down; controller to step up
Avangrid (NYSE:AGR) Is Paying Out A Dividend Of $0.44
Avangrid, Inc. (AGR)
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
8/31/2023
Dividend Payable
10/02/2023
Last Earnings
10/25/2023
Ex-Dividend for 1/2 Dividend
11/30/2023
Today
12/01/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
2/20/2024

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 Target
$37.75
High Stock Price Target
$43.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+19.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$881 million
Pretax Margin
5.05%

Debt

Sales & Book Value

Annual Sales
$7.92 billion
Cash Flow
$5.19 per share
Book Value
$52.68 per share

Miscellaneous

Free Float
386,539,000
Market Cap
$12.25 billion
Optionable
Optionable
Beta
0.47
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Key Executives

  • Mr. Pedro Azagra Blazquez (Age 55)
    CEO & Director
    Comp: $2.23M
  • Mr. Dave Labelle
    Chief Administrative Officer
  • Alvaro Ortega Sebastian
    Vice President of Finance, Investor & Shareholder Relations and Risk
  • German Gonzalez Avecilla
    VP & Chief Compliance Officer
  • Ms. 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 Patterson
    VP & Chief Human Resources Officer
  • Nacho Arronte
    VP & Chief Risk Officer
  • Mr. Alfredo Del Canto
    Senior VP & Chief of Staff
  • Ms. Karen L. Zink (Age 66)
    President & COO of the Berkshire Gas Co.














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 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?
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

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