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. The company also develops, constructs, and 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. As of November 2, 2018, it owned eight electric and natural gas utilities, serving 3.2 million customers in New York and New England, as well as owned and operated 7.1 gigawatts of electricity capacity, primarily through wind power in 22 states across the United States. The company was formerly known as Iberdrola USA, Inc. The company was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Electric services
Sub-IndustryN/A
SectorUtilities
Current SymbolNYSE:AGR
Previous Symbol
CUSIPN/A
Phone207-629-1200
Debt
Debt-to-Equity Ratio0.33
Current Ratio0.67
Quick Ratio0.59
Price-To-Earnings
Trailing P/E Ratio23.48
Forward P/E Ratio22.65
P/E Growth2.63
Sales & Book Value
Annual Sales$5.96 billion
Price / Sales2.66
Cash Flow$4.9433 per share
Price / Cash Flow10.40
Book Value$48.85 per share
Price / Book1.05
Profitability
EPS (Most Recent Fiscal Year)$2.20
Net Income$381 million
Net Margins6.29%
Return on Equity4.55%
Return on Assets2.21%
Miscellaneous
Employees6,570
Outstanding Shares309,010,000
Market Cap$16.09 billion
OptionableOptionable
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 declared a quarterly dividend on Tuesday, December 4th. Stockholders of record on Tuesday, December 11th will be paid a dividend of $0.44 per share on Wednesday, January 2nd. This represents a $1.76 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, December 10th. View Avangrid's Dividend History.
How were Avangrid's earnings last quarter?
Avangrid Inc (NYSE:AGR) issued its earnings results on Tuesday, October, 23rd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.46 by $0.01. The utilities provider had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.32 billion. Avangrid had a net margin of 6.29% and a return on equity of 4.55%. The business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 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 Tuesday, October, 23rd. The company provided earnings per share guidance of $2.22-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.30. Avangrid also updated its FY 2018 guidance to $2.22-2.50 EPS.
What price target have analysts set for AGR?
10 analysts have issued twelve-month target prices for Avangrid's shares. Their predictions range from $46.00 to $57.00. On average, they anticipate Avangrid's share price to reach $53.25 in the next year. This suggests a possible upside of 3.6% from the stock's current price. View Analyst Price Targets for Avangrid.
What is the consensus analysts' recommendation for Avangrid?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last year. There are currently 2 sell ratings, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avangrid.
Has Avangrid been receiving favorable news coverage?
Press coverage about AGR stock has been trending very positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avangrid earned a daily sentiment score of 3.9 on InfoTrie's scale. They also assigned media stories about the utilities provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of Avangrid's key competitors?
Some companies that are related to Avangrid include Enel S.p.A. ADS (ENLAY), Dominion Energy (D), Southern (SO), American Electric Power (AEP), CLP (CLPHY), PPL (PPL), Eversource Energy (ES), DTE Energy (DTE), FirstEnergy (FE), Edison International (EIX), Tenaga Nasional Bhd (TNABY), Korea Electric Power (KEP), Entergy (ETR), Fortis (FTS) and CenterPoint Energy (CNP).
Who are Avangrid's key executives?
Avangrid's management team includes the folowing people:
- Mr. James P. Torgerson, CEO & Director (Age 66)
- Ms. Sheila Duncan, Sr. VP of HR & Corp. Admin. (Age 53)
- Mr. Robert Daniel Kump, Pres & CEO of Networks (Age 57)
- Mr. Douglas K. Stuver, Sr. VP & CFO (Age 54)
- Ms. Patricia C. Cosgel, VP Investor & Shareholder Relations
Who are Avangrid's major shareholders?
Avangrid's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (1.79%), BlackRock Inc. (0.69%), Jennison Associates LLC (0.40%), Massachusetts Financial Services Co. MA (0.34%), FMR LLC (0.34%) and Renaissance Technologies LLC (0.30%). Company insiders that own Avangrid stock include Alan D Solomont, Douglas K Stuver, Elizabeth Timm, James P Torgerson and John E Baldacci. View Institutional Ownership Trends for Avangrid.
Which major investors are selling Avangrid stock?
AGR stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Prudential Financial Inc., FMR LLC, BlackRock Inc., Aperio Group LLC, Denali Advisors LLC, Bank of New York Mellon Corp and GSA Capital Partners LLP. View Insider Buying and Selling for Avangrid.
Which major investors are buying Avangrid stock?
AGR stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, AQR Capital Management LLC, Rehmann Capital Advisory Group, Westpac Banking Corp, Renaissance Technologies LLC, Zurcher Kantonalbank Zurich Cantonalbank, Mirae Asset Global Investments Co. Ltd. and Daiwa SB Investments Ltd.. Company insiders that have bought Avangrid stock in the last two years include Alan D Solomont, Douglas K Stuver, 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 $51.42.
How big of a company is Avangrid?
Avangrid has a market capitalization of $16.09 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.
What is Avangrid's official website?
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 (NYSE 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.
