NYSE:AGR Avangrid (AGR) Stock Forecast, Price & News $31.37 -0.36 (-1.13%) (As of 02:21 PM ET) Add Compare Share Share Today's Range$31.14▼$31.9050-Day Range$31.73▼$39.0652-Week Range$31.14▼$44.77Volume394,272 shsAverage Volume649,064 shsMarket Capitalization$12.13 billionP/E Ratio20.91Dividend Yield5.61%Price Target$37.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Avangrid MarketRank™ ForecastAnalyst RatingReduce1.75 Rating ScoreUpside/Downside20.3% Upside$37.75 Price TargetShort InterestBearish6.81% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.80Upright™ Environmental ScoreNews Sentiment1.16Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth10.05%From $2.09 to $2.30 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsUtilities Sector65th out of 84 stocksElectric Services Industry36th out of 41 stocks 1.9 Analyst's Opinion Consensus RatingAvangrid 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/DownsideAccording to analysts' consensus price target of $37.75, Avangrid has a forecasted upside of 20.3% from its current price of $31.37.Amount of Analyst CoverageAvangrid has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.81% of the float of Avangrid has been sold short.Short Interest Ratio / Days to CoverAvangrid has a short interest ratio ("days to cover") of 6.8.Change versus previous monthShort interest in Avangrid has recently increased by 7.81%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipAvangrid is a leading dividend payer. It pays a dividend yield of 5.34%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAvangrid does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Avangrid is 117.33%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Avangrid will have a dividend payout ratio of 76.52% in the coming year. This indicates that Avangrid may not be able to sustain their current dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAvangrid 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 SustainabilityThe Environmental Impact score for Avangrid is -2.80. Previous Next 4.0 News and Social Media Coverage News SentimentAvangrid has a news sentiment score of 1.16. 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 higher news sentiment than the 0.58 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Avangrid this week, compared to 4 articles on an average week.Search Interest7 people have searched for AGR on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.MarketBeat Follows3 people have added Avangrid to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avangrid insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.06% of the stock of Avangrid is held by insiders.Percentage Held by InstitutionsOnly 12.93% of the stock of Avangrid is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Avangrid are expected to grow by 10.05% in the coming year, from $2.09 to $2.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avangrid is 20.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Avangrid is 20.91, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 92.53.Price to Earnings Growth RatioAvangrid has a PEG Ratio of 3.89. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAvangrid has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Avangrid (NYSE:AGR) StockAvangrid, 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.Read More AGR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AGR Stock News HeadlinesSeptember 24, 2023 | americanbankingnews.comAvangrid (NYSE:AGR) Reaches New 52-Week Low at $33.15September 23, 2023 | americanbankingnews.comAvangrid, Inc. (NYSE:AGR) Receives Average Rating of "Reduce" from AnalystsSeptember 27, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."September 22, 2023 | finance.yahoo.comAvangrid Chairman Galán submits Iberdrola Climate Transition Plan to United Nations Secretary-GeneralSeptember 20, 2023 | finance.yahoo.comAvangrid Earns Twelve ESG+F Accolades in 2023September 20, 2023 | americanbankingnews.comAvangrid (NYSE:AGR) Upgraded by StockNews.com to "Hold"September 18, 2023 | finance.yahoo.comAvangrid CEO Pedro Azagra Statement on Climate Week NYCSeptember 16, 2023 | markets.businessinsider.comDBS Remains a Hold on Avangrid (AGR)September 27, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."September 14, 2023 | finance.yahoo.comAvangrid Companies Preparing for Impacts from Hurricane LeeSeptember 13, 2023 | finance.yahoo.comAvangrid’s Expanded Supplier Diversity Program Opens Doors to InnovationSeptember 12, 2023 | finance.yahoo.comAvangrid’s Vineyard Wind 1 Begins Wind Turbine Installation CampaignSeptember 8, 2023 | finance.yahoo.comDo Options Traders Know Something About Avangrid (AGR) Stock We Don't?September 6, 2023 | benzinga.comAvangrid Named Top Innovator by Public Utilities FortnightlySeptember 5, 2023 | finance.yahoo.comApplications Open for Avangrid Foundation’s Wildlife Rehabilitation Grant ProgramAugust 30, 2023 | businesswire.comAvangrid Pilots New Technology to Increase Grid Capacity in New York to Accelerate Renewable Energy AdoptionAugust 29, 2023 | finance.yahoo.comKyra Patterson and Camila Souza Named 2023 Women on the Rise by Paradigm for ParityAugust 25, 2023 | finance.yahoo.comWhy Is Avangrid (AGR) Down 7.5% Since Last Earnings Report?August 23, 2023 | finance.yahoo.comAvangrid Announces Camino Solar, Its First Photovoltaic Project in CaliforniaAugust 23, 2023 | msn.comAvangrid to build its first California solar project; breaks ground on Texas PV siteAugust 19, 2023 | benzinga.comAvangrid's Brian Harrell and Steven Hersem Receive Patriot Award for Supporting National Guard and Reserve Team MembersAugust 18, 2023 | finance.yahoo.comAvangrid’s Brian Harrell and Steven Hersem Receive Patriot Award for Supporting National Guard and Reserve Team MembersAugust 16, 2023 | benzinga.comAvangrid Pioneers In-House Creation of Artificial Intelligence to Increase ReliabilityAugust 2, 2023 | finance.yahoo.comAvangrid Recognized Globally for Strong ESG Performance on FTSE4Good IndexJuly 28, 2023 | finanznachrichten.deAVANGRID, Inc.: Avangrid Announces Installation Completion of the First Offshore Substation in the U.S.July 28, 2023 | finance.yahoo.comAvangrid Announces Installation Completion of the First Offshore Substation in the U.S.July 28, 2023 | seekingalpha.comAvangrid Inc.: Expanding Wind Farms In Hopes Of Reaching Growth TargetsSee More Headlines Receive AGR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avangrid and its competitors with MarketBeat's FREE daily newsletter. Email Address AGR Company Calendar Ex-Dividend for 7/3 Dividend5/31/2023Dividend Payable7/03/2023Last Earnings7/27/2023Ex-Dividend for 10/2 Dividend8/31/2023Today9/27/2023Dividend Payable10/02/2023Next Earnings (Estimated)10/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:AGR CUSIPN/A CIK1634997 Webwww.avangrid.com Phone(207) 629-1190FaxN/AEmployees7,579Year FoundedN/APrice Target and Rating Average Stock Price Forecast$37.75 High Stock Price Forecast$43.00 Low Stock Price Forecast$35.00 Forecasted Upside/Downside+20.3%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.50 Trailing P/E Ratio20.92 Forward P/E Ratio15.01 P/E Growth3.89Net Income$881 million Net Margins7.23% Pretax Margin5.54% Return on Equity2.94% Return on Assets1.46% Debt Debt-to-Equity Ratio0.41 Current Ratio0.59 Quick Ratio0.49 Sales & Book Value Annual Sales$7.92 billion Price / Sales1.53 Cash Flow$4.89 per share Price / Cash Flow6.42 Book Value$52.61 per share Price / Book0.60Miscellaneous Outstanding Shares386,770,000Free Float386,539,000Market Cap$12.14 billion OptionableOptionable Beta0.43 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Pedro Azagra Blazquez (Age 55)CEO & Director Comp: $2.23MMs. Patricia C. Cosgel (Age 57)Sr. VP & CFO Comp: $790.47kMr. R. Scott Mahoney (Age 57)Sr. VP, Gen. Counsel & Company Sec. Comp: $1.13MMr. Jose Antonio Miranda Soto (Age 51)Pres & CEO of Avangrid Renewables, LLC Comp: $1.04MMr. Dave LabelleChief Admin. OfficerAlvaro Ortega SebastianVP of Fin., Investor & Shareholder Relations and RiskMs. Kimberly A. Harriman (Age 50)Sr. VP of State Gov. Affairs & Corp. Communications Mr. Ignacio Estella (Age 53)Sr. VP of Corp. Devel. Ms. Kyra PattersonVP & Chief HR OfficerNacho ArronteVP & Chief Risk OfficerMore ExecutivesKey CompetitorsVistraNYSE:VSTNRG EnergyNYSE:NRGPinnacle West CapitalNYSE:PNWKorea Electric PowerNYSE:KEPCentrais Elétricas Brasileiras S.A. - EletrobrásNYSE:EBRView All CompetitorsInsiders & InstitutionsOsaic Holdings Inc.Bought 16,487 shares on 8/21/2023Ownership: 0.023%John G Ullman & Associates Inc.Bought 32,470 shares on 8/21/2023Ownership: 0.021%California State Teachers Retirement SystemSold 2,689 shares on 8/21/2023Ownership: 0.006%Citadel Advisors LLCSold 1,800 shares on 8/15/2023Ownership: 0.000%Captrust Financial AdvisorsSold 1,077 shares on 8/15/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions AGR Stock - 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 twelve months. 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 forecast for 2023? 4 brokerages have issued twelve-month target prices for Avangrid's shares. Their AGR share price forecasts range from $35.00 to $43.00. On average, they predict the company's share price to reach $37.75 in the next year. This suggests a possible upside of 20.3% 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 2023. Since then, AGR shares have decreased by 27.0% and is now trading at $31.38. View the best growth stocks for 2023 here. Are investors shorting Avangrid? Avangrid saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,830,000 shares, an increase of 7.8% from the August 31st total of 4,480,000 shares. Based on an average daily trading volume, of 706,900 shares, the days-to-cover ratio is presently 6.8 days. Currently, 6.8% of the company's shares 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, October 24th 2023. View our AGR earnings forecast. How were Avangrid's earnings last quarter? Avangrid, Inc. (NYSE:AGR) announced its earnings results on Thursday, July, 27th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.29. The utilities provider had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.83 billion. Avangrid had a trailing twelve-month return on equity of 2.94% and a net margin of 7.23%. Avangrid's revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. How often does Avangrid pay dividends? What is the dividend yield for Avangrid? Avangrid declared a quarterly dividend on Tuesday, July 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.44 per share on Monday, October 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Thursday, August 31st. 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). 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 5.34%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 117.33%. 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 76.52% 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 2023 earnings guidance on Friday, July, 28th. The company provided EPS guidance of $2.20-$2.35 for the period, compared to the consensus estimate of $2.12. The company issued revenue guidance of -. 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). What is Avangrid's stock symbol? Avangrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGR." Who are Avangrid's major shareholders? Avangrid's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.66%), Royal Bank of Canada (0.98%), State Street Corp (0.41%), Mackenzie Financial Corp (0.33%), Geode Capital Management LLC (0.25%) and JPMorgan Chase & Co. (0.17%). 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. What is Avangrid's stock price today? One share of AGR stock can currently be purchased for approximately $31.38. How much money does Avangrid make? Avangrid (NYSE:AGR) has a market capitalization of $12.14 billion and generates $7.92 billion in revenue each year. The utilities provider earns $881 million in net income (profit) each year or $1.50 on an earnings per share basis. How many employees does Avangrid have? The company employs 7,579 workers across the globe. How can I contact Avangrid? 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. This page (NYSE:AGR) was last updated on 9/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Avangrid, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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