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NYSE:AGR

Avangrid (AGR) Stock Price, News & Analysis

$31.24
-0.73 (-2.28%)
(As of 10:14 AM ET)
Today's Range
$31.08
$31.93
50-Day Range
$29.91
$34.10
52-Week Range
$27.46
$41.30
Volume
137,024 shs
Average Volume
741,577 shs
Market Capitalization
$12.08 billion
P/E Ratio
22.64
Dividend Yield
5.63%
Price Target
$37.33

Avangrid MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
16.8% Upside
$37.33 Price Target
Short Interest
Healthy
5.79% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
0.40mentions of Avangrid in the last 14 days
Based on 24 Articles This Week
Insider Trading
Acquiring Shares
$10,022 Bought Last Quarter
Proj. Earnings Growth
9.22%
From $2.06 to $2.25 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.

4.31 out of 5 stars

Utilities Sector

27th out of 87 stocks

Electric Services Industry

12th 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
Stock To Watch In 2024
Don't wait. Discover this company's major updates happening now.
Avangrid (AGR) Beats Q4 Earnings Estimates
Stock To Watch In 2024
Don't wait. Discover this company's major updates happening now.
Preview: Avangrid's Earnings
Avangrid (AGR) to Release Earnings on Wednesday
A Look At The Fair Value Of Avangrid, Inc. (NYSE:AGR)
XEL Jun 2024 60.000 put
POR Jun 2024 40.000 put
POR Jun 2024 35.000 call
POR Jun 2024 50.000 put
Avangrid Declares Quarterly Dividend
Avangrid Declares Quarterly Dividend
See More Headlines
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Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 1/2 Dividend
11/30/2023
Dividend Payable
1/02/2024
Today
2/22/2024
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
7,579
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.33
High Stock Price Target
$43.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+16.8%
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
$5.23 per share
Book Value
$52.61 per share

Miscellaneous

Free Float
386,539,000
Market Cap
$12.37 billion
Optionable
Optionable
Beta
0.53

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

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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 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.

What is Avangrid's stock price target for 2024?

4 equities research analysts have issued 1-year price objectives for Avangrid's shares. Their AGR share price targets range from $34.00 to $43.00. On average, they predict the company's stock price to reach $37.33 in the next twelve months. This suggests a possible upside of 16.8% 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 the year. Since then, AGR shares have decreased by 1.3% and is now trading at $31.9750.
View the best growth stocks for 2024 here
.

Are investors shorting Avangrid?

Avangrid saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 4,100,000 shares, a decrease 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. Approximately 5.8% of the company's shares 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 can I listen to Avangrid's earnings call?

Avangrid will be holding an earnings conference call on Thursday, February 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Avangrid's earnings last quarter?

Avangrid, Inc. (NYSE:AGR) issued its quarterly earnings data on Thursday, July, 27th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.29. The utilities provider earned $1.59 billion during the quarter, compared to analysts' expectations of $1.83 billion. Avangrid had a trailing twelve-month return on equity of 2.85% and a net margin of 6.55%. The business's revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS.

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

Avangrid announced a quarterly dividend on Thursday, February 15th. Investors 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 annualized dividend and a dividend yield of 5.50%. 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 5.56%. 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 78.22% 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 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of 2.170-2.320 for the period, compared to the consensus EPS 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 2/22/2024 by MarketBeat.com Staff