Avangrid - AGR Stock Forecast, Price & News

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 through Networks and Renewables segments. 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 8.8 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Siebert Williams Shank assumed coverage on shares of Avangrid in a report on Thursday, June 9th. They set a "buy" rating and a $57.00 price objective for the company. Barclays lowered their price target on shares of Avangrid from $51.00 to $48.00 and set an "equal weight" rating for the company in a research note on Monday, July 18th. KeyCorp downgraded shares of Avangrid from a "sector weight" rating to an "underweight" rating and set a $40.00 price target for the company. in a research note on Monday, June 27th. They noted that the move was a valuation call. Finally, StockNews.com raised shares of Avangrid from a "hold" rating to a "buy" rating in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Avangrid presently has a consensus rating of "Hold" and a consensus target price of $47.00.

Avangrid Trading Up 1.2 %

Shares of NYSE:AGR traded up $0.60 during midday trading on Tuesday, hitting $49.78. 405,479 shares of the stock traded hands, compared to its average volume of 707,445. The stock has a market capitalization of $19.25 billion, a PE ratio of 21.27, a P/E/G ratio of 3.65 and a beta of 0.35. The business's 50 day moving average is $46.35 and its two-hundred day moving average is $46.02. The company has a quick ratio of 0.77, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Avangrid has a one year low of $42.20 and a one year high of $55.57.

Avangrid (NYSE:AGR - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.13. Avangrid had a net margin of 12.12% and a return on equity of 4.65%. During the same quarter in the previous year, the company earned $0.35 EPS. As a group, research analysts forecast that Avangrid will post 2.27 earnings per share for the current year.

Avangrid Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, September 1st. Avangrid's dividend payout ratio is currently 75.21%.