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NYSE:AGR

Avangrid (AGR) Stock Price, News & Analysis

$31.12
+0.13 (+0.42%)
(As of 02/29/2024 ET)
Today's Range
$30.92
$31.41
50-Day Range
$29.91
$34.10
52-Week Range
$27.46
$41.22
Volume
639,710 shs
Average Volume
765,998 shs
Market Capitalization
$12.04 billion
P/E Ratio
15.33
Dividend Yield
5.66%
Price Target
$34.67

Avangrid MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
11.4% Upside
$34.67 Price Target
Short Interest
Bearish
6.20% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
0.46mentions of Avangrid in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$10,022 Bought Last Quarter
Proj. Earnings Growth
7.05%
From $2.27 to $2.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Utilities Sector

35th out of 88 stocks

Electric Services Industry

16th out of 40 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. operates as a subsidiary of Iberdrola, S.A.

AGR Stock Price History

AGR Stock News Headlines

3 cheap utility stocks that shouldn't be so (AGR)
The spill effects of the Red Sea conflicts may start affecting the utility sector, with these three stocks coming to offer stability and growth at discounts
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Avangrid Named to Barron's 100 Most Sustainable Companies
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Avangrid (NYSE:AGR) Upgraded by StockNews.com to Hold
Avangrid, Inc. (NYSE:AGR) Q4 2023 Earnings Call Transcript
Avangrid Full Year 2023 Earnings: EPS Beats Expectations
Avangrid (AGR) Beats Q4 Earnings Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
11/30/2023
Dividend Payable
1/02/2024
Last Earnings
2/22/2024
Today
2/29/2024
Ex-Dividend for 4/1 Dividend
2/29/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
7,999
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$34.67
High Stock Price Target
$35.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+11.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$786 million
Pretax Margin
7.90%

Debt

Sales & Book Value

Annual Sales
$8.31 billion
Cash Flow
$5.00 per share
Book Value
$53.46 per share

Miscellaneous

Free Float
386,548,000
Market Cap
$12.04 billion
Optionable
Optionable
Beta
0.53
7 Stocks to Buy And Hold Forever Cover

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Key Executives

  • Mr. Pedro Azagra Blazquez (Age 56)
    CEO & Director
    Comp: $2.23M
  • Mr. R. Scott Mahoney (Age 58)
    Senior VP, General Counsel & Company Secretary
    Comp: $1.13M
  • Mr. Jose Antonio Miranda Soto (Age 52)
    President & CEO of Avangrid Renewables, LLC
    Comp: $1.04M
  • Mr. Justin Lagasse (Age 36)
    Interim CFO, Senior VP & Controller
  • 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 51)
    Senior Vice President of State Government Affairs & Corporate Communications
  • Mr. Ignacio Estella (Age 54)
    Senior Vice President of Corporate Development
  • Ms. Kyra Patterson
    VP & Chief Human Resources Officer














AGR Stock Analysis - Frequently Asked Questions

Should I buy or sell Avangrid stock right now?

4 Wall Street equities 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 equities research 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 Wall Street analysts have issued twelve-month price objectives for Avangrid's shares. Their AGR share price targets range from $34.00 to $35.00. On average, they predict the company's stock price to reach $34.67 in the next year. This suggests a possible upside of 11.4% 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 2024?

Avangrid's stock was trading at $32.41 at the beginning of 2024. Since then, AGR shares have decreased by 3.9% and is now trading at $31.13.
View the best growth stocks for 2024 here
.

Are investors shorting Avangrid?

Avangrid saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 4,100,000 shares, a decline of 14.8% from the January 15th total of 4,810,000 shares. Based on an average daily volume of 913,900 shares, the days-to-cover ratio is presently 4.5 days. Currently, 5.8% of the company's stock are sold short.
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, April 23rd 2024.
View our AGR earnings forecast
.

How were Avangrid's earnings last quarter?

Avangrid, Inc. (NYSE:AGR) released its quarterly earnings data on Thursday, February, 22nd. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The utilities provider had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.40 billion. Avangrid had a trailing twelve-month return on equity of 3.92% and a net margin of 9.46%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share.

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

Avangrid announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.44 per share on Monday, April 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend is Thursday, February 29th.
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 5.57%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AGR will have a dividend payout ratio of 72.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AGR.

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

Avangrid updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 2.170-2.320 for the period, compared to the consensus earnings per share estimate of 2.260. The company issued revenue guidance of -.

What other stocks do shareholders of Avangrid own?
Who are Avangrid's major shareholders?

Avangrid's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (1.99%), Clean Energy Transition LLP (0.60%), Mackenzie Financial Corp (0.50%), Legal & General Group Plc (0.25%), Norges Bank (0.24%) and Robeco Schweiz AG (0.24%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AGR) was last updated on 2/29/2024 by MarketBeat.com Staff