Avangrid (AGR) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AGR, but not buy additional shares or sell existing shares.
View AGR analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued twelve-month price targets for Avangrid's shares. Their AGR share price forecasts range from $34.00 to $57.00. On average, they expect the company's share price to reach $42.83 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for AGR or view top-rated stocks among Wall Street analysts.

Avangrid's stock was trading at $42.98 on January 1st, 2023. Since then, AGR shares have decreased by 9.8% and is now trading at $38.76.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our AGR earnings forecast.

Avangrid, Inc. (NYSE:AGR) posted its quarterly earnings results on Wednesday, April, 26th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.12. The utilities provider had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.22 billion. Avangrid had a net margin of 8.25% and a trailing twelve-month return on equity of 3.43%. Avangrid's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share.

Avangrid announced a quarterly dividend on Wednesday, April 12th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.44 per share on Monday, July 3rd. This represents a $1.76 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for AGR.

ETFs with the largest weight of Avangrid (NYSE:AGR) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), First Trust Utilities AlphaDEX Fund (FXU), SPDR S&P Kensho Clean Power ETF (CNRG), Global SuperDividend US ETF (DIV), Gabelli Love Our Planet & People ETF (LOPP), iShares Focused Value Factor ETF (FOVL), Invesco Zacks Mid-Cap ETF (CZA) and Invesco US Large Cap Core ESG ETF (IVLC).

Avangrid (NYSE:AGR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.60%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 100.00%. 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 74.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AGR.

Avangrid issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $2.20-$2.35 for the period, compared to the consensus EPS estimate of $2.22. The company issued revenue guidance of -.

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).

Avangrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGR."

Avangrid's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (1.57%), ATLAS Infrastructure Partners UK Ltd. (1.17%), Wellington Management Group LLP (0.72%), First Trust Advisors LP (0.59%), State Street Corp (0.45%) and Mackenzie Financial Corp (0.31%). Insiders that own company stock include Alan D Solomont, Alan D Solomont and SA Iberdrola.
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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.
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One share of AGR stock can currently be purchased for approximately $38.76.

Avangrid (NYSE:AGR) has a market capitalization of $14.99 billion and generates $7.92 billion in revenue each year. The utilities provider earns $881 million in net income (profit) each year or $1.76 on an earnings per share basis.

The company employs 7,579 workers across the globe.

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.