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.

Avangrid Price Performance

AGR traded up $0.35 during midday trading on Monday, reaching $49.18. 402,210 shares of the company's stock were exchanged, compared to its average volume of 709,458. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.77. The stock has a market capitalization of $19.01 billion, a PE ratio of 21.02, a P/E/G ratio of 3.65 and a beta of 0.35. The business's 50-day moving average price is $46.31 and its 200 day moving average price is $45.99. Avangrid has a 1-year low of $42.20 and a 1-year high of $55.57.

Avangrid (NYSE:AGR - Get Rating) last released its earnings results on Tuesday, July 26th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the business earned $0.35 earnings per share. As a group, equities analysts anticipate that Avangrid will post 2.27 EPS for the current fiscal 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 issued a $0.44 dividend. The ex-dividend date is Thursday, September 1st. This represents a $1.76 annualized dividend and a yield of 3.58%. Avangrid's dividend payout ratio is presently 75.21%.

Analyst Ratings Changes

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