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 .

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

1.9

Analyst's Opinion

Consensus Rating
Avangrid 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/Downside
According 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 Coverage
Avangrid has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.17% of the float of Avangrid has been sold short.
Short Interest Ratio / Days to Cover
Avangrid has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Avangrid has recently increased by 1.60%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Avangrid 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 Growth
Avangrid does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Avangrid is 127.54%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based 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.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avangrid 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 Sustainability
The Environmental Impact score for Avangrid is -2.80.

2.4

News and Social Media Coverage

News Sentiment
Avangrid 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 Interest
3 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 Follows
2 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.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 0.06% of the stock of Avangrid is held by insiders.
Percentage Held by Institutions
Only 12.93% of the stock of Avangrid is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Avangrid has a PEG Ratio of 3.66. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Avangrid 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.

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.

AGR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AGR Stock News Headlines

November 24, 2023 | finance.yahoo.com

Why Is Avangrid (AGR) Up 6.7% Since Last Earnings Report?

November 20, 2023 | finance.yahoo.com

Avangrid, University of Bridgeport Host Offshore Wind Workshop for Local High School, College Students

December 1, 2023 | Wealthpress (Ad)

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November 16, 2023 | finance.yahoo.com

Avangrid Chairman Ignacio Galán named on the inaugural TIME100 Climate List of the 100 most influential leaders driving business climate action

November 14, 2023 | bizjournals.com

Inside Nike's lawsuits with Skechers, Avangrid, Odell Beckham and more

November 14, 2023 | finance.yahoo.com

Avangrid Named a Leading Utility for Decarbonization by National Public Utilities Council

November 8, 2023 | benzinga.com

Statement From Avangrid on the Maine Utility Takeover Referendum

November 5, 2023 | finance.yahoo.com

Avangrid (NYSE:AGR) Has Announced A Dividend Of $0.44

December 1, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 1, 2023 | finance.yahoo.com

Avangrid Annual Hackathon Invests in the Next Generation of Clean Energy Talent

October 31, 2023 | forbes.com

Avangrid Buy Write Taps Into November 30 Dividend

October 29, 2023 | finance.yahoo.com

Avangrid, Inc. (NYSE:AGR) Q3 2023 Earnings Call Transcript

October 28, 2023 | seekingalpha.com

Avangrid, Inc. 2023 Q3 - Results - Earnings Call Presentation

October 27, 2023 | markets.businessinsider.com

Analysts Offer Insights on Utilities Companies: Avangrid (AGR) and Vistra Energy (VST)

October 27, 2023 | finance.yahoo.com

Vineyard Wind closes $1.2B tax equity deal under Inflation Reduction Act

October 25, 2023 | businesswire.com

Avangrid 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.com

Avangrid Third Quarter 2023 Financial Results Available on Company's Website

October 25, 2023 | msn.com

Avangrid Non-GAAP EPS of $0.27 misses by $0.11, revenue of $1.97B beats by $10M

October 25, 2023 | finance.yahoo.com

Avangrid Third Quarter 2023 Financial Results Available on Company’s Website

October 25, 2023 | finance.yahoo.com

Avangrid Inc (AGR) Reports Q3 2023 Financial Results

October 25, 2023 | finance.yahoo.com

Avangrid Establishes New Compliance Unit to Expand Leadership Involvement in its Compliance Program

October 24, 2023 | benzinga.com

6AGR : Earnings Preview: Avangrid

October 23, 2023 | bizjournals.com

Avangrid CFO to step down; controller to step up

October 22, 2023 | finance.yahoo.com

Avangrid (NYSE:AGR) Is Paying Out A Dividend Of $0.44

October 20, 2023 | finance.yahoo.com

AVANGRID (AGR) to Report Q3 Earnings: Here's What to Expect

October 20, 2023 | ca.finance.yahoo.com

Avangrid, Inc. (AGR)

October 19, 2023 | benzinga.com

Avangrid Employees Volunteer More than 5,500 Hours During Company's Volunteer Week

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: N/A
Sector: Utilities
Current Symbol: NYSE:AGR
CUSIP: N/A
CIK: 1634997
Web: www.avangrid.com
Phone: (207) 629-1190
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

EPS (Most Recent Fiscal Year): $1.38
Trailing P/E Ratio: 22.95
Forward P/E Ratio: 14.94
P/E Growth: 3.66
Net Income: $881 million
Net Margins: 6.55%
Pretax Margin: 5.05%
Return on Equity: 2.85%
Return on Assets: 1.40%

Debt

Debt-to-Equity Ratio: 0.49
Current Ratio: 0.78
Quick Ratio: 0.66

Sales & Book Value

Annual Sales: $7.92 billion
Price / Sales: 1.55
Cash Flow: $5.19 per share
Price / Cash Flow: 6.10
Book Value: $52.68 per share
Price / Book: 0.60

Miscellaneous

Outstanding Shares: 386,770,000
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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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

Avangrid MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Avangrid Stock (NYSE:AGR)

AGR Stock Price History

AGR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AGR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™