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About Avangrid (NYSE:AGR)
Avangrid, Inc. operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. As of December 31, 2017, the company delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 1 million natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. The company 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. It also 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. The company was formerly known as Iberdrola USA, Inc. Avangrid, Inc. was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.
Industry, Sector and Symbol
Industry Electric services
Sub-IndustryN/A
SectorUtilities
SymbolNYSE:AGR
CUSIPN/A
Phone207-629-1200
Debt
Debt-to-Equity Ratio0.34
Current Ratio0.73
Quick Ratio0.66
Price-To-Earnings
Trailing P/E Ratio23.51
Forward P/E Ratio21.84
P/E Growth2.37
Sales & Book Value
Annual Sales$5.96 billion
Price / Sales2.68
Cash Flow$5.0389 per share
Price / Cash10.27
Book Value$48.85 per share
Price / Book1.06
Profitability
EPS (Most Recent Fiscal Year)$2.20
Net Income$381 million
Net Margins6.36%
Return on Equity4.59%
Return on Assets2.21%
Miscellaneous
Employees6,570
Outstanding Shares309,010,000
Avangrid (NYSE:AGR) Frequently Asked Questions
What is Avangrid's stock symbol?
Avangrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGR."
How often does Avangrid pay dividends? What is the dividend yield for Avangrid?
Avangrid announced a quarterly dividend on Thursday, April 26th. Investors of record on Friday, June 8th will be paid a dividend of $0.432 per share on Monday, July 2nd. This represents a $1.73 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, June 7th. View Avangrid's Dividend History.
How were Avangrid's earnings last quarter?
Avangrid (NYSE:AGR) released its earnings results on Monday, April, 23rd. The utilities provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by $0.01. The utilities provider earned $1.87 billion during the quarter, compared to the consensus estimate of $1.73 billion. Avangrid had a net margin of 6.36% and a return on equity of 4.59%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. View Avangrid's Earnings History.
When is Avangrid's next earnings date?
What guidance has Avangrid issued on next quarter's earnings?
Avangrid issued an update on its FY18 earnings guidance on Monday, April, 23rd. The company provided earnings per share (EPS) guidance of $2.22-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.39.
What price target have analysts set for AGR?
9 equities research analysts have issued twelve-month price targets for Avangrid's shares. Their predictions range from $46.00 to $58.00. On average, they anticipate Avangrid's share price to reach $52.2143 in the next twelve months. View Analyst Ratings for Avangrid.
Who are some of Avangrid's key competitors?
Some companies that are related to Avangrid include Enel (ENLAY), Southern (SO), Dominion Energy (D), American Electric Power (AEP), CLP Group (CLPHY), Tenaga Nasional Bhd (TNABY), Korea Electric Power (KEP), Edison International (EIX), SSE (SSEZY), PPL (PPL), Eversource Energy (ES), DTE Energy (DTE), FirstEnergy (FE), Energias de Portugal (EDPFY) and Entergy (ETR).
Who are Avangrid's key executives?
Avangrid's management team includes the folowing people:
- Mr. James P. Torgerson, CEO & Director (Age 66)
- Mr. Richard J. Nicholas, Sr. VP & CFO (Age 63)
- Ms. Sheila Duncan, Sr. VP of HR & Corp. Admin. (Age 53)
- Mr. Robert Daniel Kump, Pres & CEO of Networks (Age 57)
- Ms. Patricia C. Cosgel, VP Investor and Shareholder Relations
Has Avangrid been receiving favorable news coverage?
Media headlines about AGR stock have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avangrid earned a media sentiment score of 0.09 on Accern's scale. They also assigned news headlines about the utilities provider an impact score of 46.10 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Avangrid's major shareholders?
Avangrid's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Royal Bank of Canada (1.06%), BlackRock Inc. (0.70%), Pzena Investment Management LLC (0.56%), Massachusetts Financial Services Co. MA (0.55%), OppenheimerFunds Inc. (0.36%) and Allianz Asset Management GmbH (0.21%). Company insiders that own Avangrid stock include Alan D Solomont, Elizabeth Timm, James P Torgerson and John E Baldacci. View Institutional Ownership Trends for Avangrid.
Which institutional investors are selling Avangrid stock?
AGR stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Massachusetts Financial Services Co. MA, Wells Fargo & Company MN, Daiwa Securities Group Inc., Silvercrest Asset Management Group LLC, Global X Management Co. LLC, UBS Group AG and Gabelli Funds LLC. View Insider Buying and Selling for Avangrid.
Which institutional investors are buying Avangrid stock?
AGR stock was acquired by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Allianz Asset Management GmbH, Royal Bank of Canada, Arnhold LLC, Covalis Capital LLP, Aperio Group LLC, Robeco Institutional Asset Management B.V. and BlackRock Inc.. Company insiders that have bought Avangrid stock in the last two years include Alan D Solomont, Elizabeth Timm and John E Baldacci. View Insider Buying and Selling for Avangrid.
How do I buy shares of Avangrid?
Shares of AGR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Avangrid's stock price today?
One share of AGR stock can currently be purchased for approximately $51.75.
How big of a company is Avangrid?
Avangrid has a market capitalization of $15.90 billion and generates $5.96 billion in revenue each year. The utilities provider earns $381 million in net income (profit) each year or $2.20 on an earnings per share basis. Avangrid employs 6,570 workers across the globe.
How can I contact Avangrid?
Avangrid's mailing address is 180 Marsh Hill Road, ORANGE CT, 06477. The utilities provider can be reached via phone at 207-629-1200 or via email at [email protected]
MarketBeat Community Rating for Avangrid (AGR)
MarketBeat's community ratings are surveys of what our community members think about Avangrid and other stocks. Vote "Outperform" if you believe AGR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AGR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Avangrid (NYSE:AGR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Avangrid in the last 12 months. Their average twelve-month price target is $52.2143, suggesting that the stock has a possible upside of 0.90%. The high price target for AGR is $58.00 and the low price target for AGR is $46.00. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.63 | 2.57 | 2.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $52.2143 | $51.75 | $49.90 | $47.50 |
| Price Target Upside: | 0.90% upside | 4.31% upside | 0.74% downside | 8.18% downside |
Avangrid (NYSE:AGR) Consensus Price Target History
Avangrid (NYSE:AGR) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Avangrid (NYSE:AGR) Dividend Information
Avangrid pays an annual dividend of $1.73 per share, with a dividend yield of 3.34%. AGR's next quarterly dividend payment will be made on Monday, July 2. Avangrid pays out 78.64% of its earnings out as a dividend.
| Next Dividend: | 7/2/2018 |
| Annual Dividend: | $1.73 |
| Dividend Yield: | 3.34% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 78.64% (Trailing 12 Months of Earnings)
73.00% (Based on This Year's Estimates)
68.65% (Based on Next Year's Estimates)
34.33% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Avangrid (NYSE:AGR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/26/2018 | quarterly | $0.4320 | 3.26% | 6/7/2018 | 6/8/2018 | 7/2/2018 |
| 2/16/2018 | quarterly | $0.4320 | 3.44% | 3/8/2018 | 3/9/2018 | 4/2/2018 |
| 12/4/2017 | quarterly | $0.4320 | 3.3% | 12/8/2017 | 12/11/2017 | 1/2/2018 |
| 7/7/2017 | quarterly | $0.4320 | 3.98% | 9/7/2017 | 9/8/2017 | 10/2/2017 |
| 4/21/2017 | quarterly | $0.4320 | 3.95% | 6/7/2017 | 6/9/2017 | 7/3/2017 |
| 2/17/2017 | quarterly | $0.4320 | 4.22% | 3/8/2017 | 3/10/2017 | 4/3/2017 |
| 12/2/2016 | quarterly | $0.4320 | 4.84% | 12/8/2016 | 12/12/2016 | 1/3/2017 |
| 7/15/2016 | quarterly | $0.4320 | 3.75% | 9/7/2016 | 9/9/2016 | 10/3/2016 |
| 4/21/2016 | quarterly | $0.4320 | 4.63% | 6/8/2016 | 6/10/2016 | 7/1/2016 |
| 2/23/2016 | Quarterly | $0.4320 | | 3/8/2016 | 3/10/2016 | 4/1/2016 |
(Data available from 1/1/2013 forward)
Avangrid (NYSE AGR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.42%
Institutional Ownership Percentage: 13.88%
Avangrid (NYSE AGR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/15/2018 | Elizabeth Timm | Director | Buy | 192 | $52.24 | $10,030.08 | 1,558 |  |
| 3/15/2018 | John E Baldacci | Director | Buy | 100 | $49.63 | $4,963.00 | 200 | |
| 2/15/2018 | Elizabeth Timm | Director | Buy | 210 | $48.70 | $10,227.00 | 1,366 | |
| 2/1/2018 | Alan D Solomont | Director | Buy | 103 | $48.63 | $5,008.89 | 2,264 | |
| 1/2/2018 | Alan D Solomont | Director | Buy | 99 | $50.77 | $5,026.23 | 2,161 | |
| 12/14/2017 | John E Baldacci | Director | Buy | 100 | $51.44 | $5,144.00 | 100 | |
| 12/1/2017 | Alan D Solomont | Director | Buy | 94 | $53.21 | $5,001.74 | 2,062 | |
| 11/15/2017 | Elizabeth Timm | Director | Buy | 191 | $52.60 | $10,046.60 | 1,156 | |
| 11/1/2017 | Alan D Solomont | Director | Buy | 97 | $51.05 | $4,951.85 | 1,968 | |
| 10/2/2017 | Alan D Solomont | Director | Buy | 106 | $47.61 | $5,046.66 | 1,871 | |
| 9/1/2017 | Alan D Solomont | Director | Buy | 103 | $48.88 | $5,034.64 | 1,765 | |
| 8/15/2017 | Elizabeth Timm | Director | Buy | 215 | $46.59 | $10,016.85 | 965 | |
| 8/1/2017 | Alan D Solomont | Director | Buy | 110 | $45.69 | $5,025.90 | 1,662 | |
| 7/3/2017 | Alan D Solomont | Director | Buy | 113 | $44.26 | $5,001.38 | 1,552 | |
| 6/1/2017 | Alan D Solomont | Director | Buy | 110 | $45.46 | $5,000.60 | 1,439 | |
| 5/15/2017 | Elizabeth Timm | Director | Buy | 226 | $44.33 | $10,018.58 | 750 | |
| 5/1/2017 | Alan D Solomont | Director | Buy | 115 | $45.75 | $5,261.25 | 1,329 | |
| 4/3/2017 | Alan D Solomont | Director | Buy | 116 | $42.75 | $4,959.00 | 1,214 | |
| 3/14/2017 | James P Torgerson | Insider | Sell | 6,687 | $42.15 | $281,857.05 | 108,009 | |
| 3/1/2017 | Alan D Solomont | Director | Buy | 114 | $43.44 | $4,952.16 | 1,090 | |
| 2/15/2017 | Elizabeth Timm | Director | Buy | 251 | $40.14 | $10,075.14 | 473 | |
| 2/1/2017 | Alan D Solomont | Director | Buy | 129 | $38.77 | $5,001.33 | 984 | |
| 1/3/2017 | Alan D Solomont | Director | Buy | 131 | $38.05 | $4,984.55 | 855 | |
| 12/1/2016 | Alan D Solomont | Director | Buy | 139 | $36.15 | $5,024.85 | 724 | |
| 11/15/2016 | Elizabeth Timm | Director | Buy | 273 | $36.76 | $10,035.48 | 273 | |
| 11/1/2016 | Alan D Solomont | Director | Buy | 127 | $39.45 | $5,010.15 | 585 | |
| 10/3/2016 | Alan D Solomont | Director | Buy | 119 | $41.88 | $4,983.72 | 458 | |
| 9/1/2016 | Alan D Solomont | Director | Buy | 120 | $41.75 | $5,010.00 | 339 | |
| 8/1/2016 | Alan D Solomont | Director | Buy | 219 | $45.57 | $9,979.83 | 109 | |
| 5/12/2016 | R. Scott Mahoney | Insider | Buy | 1,000 | $40.46 | $40,460.00 | 40,461 | |
| 3/4/2016 | Ignacio Sanchez Galan | Director | Buy | 100,000 | $38.47 | $3,847,000.00 | 100,000 | |
| 3/1/2016 | Arnold L Chase | Director | Buy | 5,000 | $38.72 | $193,600.00 | 457,339 | |
| 2/29/2016 | Arnold L Chase | Director | Buy | 20,000 | $38.76 | $775,200.00 | 437,339 | |
(Data available from 1/1/2013 forward)
Avangrid (NYSE AGR) News Headlines
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Avangrid (NYSE:AGR) SEC Filings
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Avangrid (NYSE:AGR) Income Statement, Balance Sheet and Cash Flow Statement
Avangrid (NYSE AGR) Stock Chart for Monday, May, 21, 2018
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