Avangrid - AGR Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AGR, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued twelve-month price objectives for Avangrid's shares. Their AGR share price forecasts range from $41.00 to $57.00. On average, they expect the company's stock price to reach $49.00 in the next year. This suggests a possible upside of 11.1% from the stock's current price.
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Avangrid's stock was trading at $49.88 at the beginning of 2022. Since then, AGR stock has decreased by 11.6% and is now trading at $44.10.
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Avangrid saw a increase in short interest in August. As of August 15th, there was short interest totaling 4,640,000 shares, an increase of 13.2% from the July 31st total of 4,100,000 shares. Based on an average trading volume of 654,600 shares, the days-to-cover ratio is presently 7.1 days. Approximately 6.6% of the company's stock are short sold.
View Avangrid's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our AGR earnings forecast.

Avangrid, Inc. (NYSE:AGR) issued its quarterly 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. The utilities provider earned $1.79 billion during the quarter, compared to the consensus estimate of $1.60 billion. Avangrid had a trailing twelve-month return on equity of 4.65% and a net margin of 12.12%. During the same period in the previous year, the company earned $0.35 earnings per share.

Avangrid announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.44 per share on Monday, October 3rd. This represents a $1.76 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, September 1st.
Read our dividend analysis for AGR.

Avangrid (NYSE:AGR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 3.89%. The dividend payout ratio is 75.21%. 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 76.19% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AGR.

Avangrid updated its FY 2022 earnings guidance on Saturday, September, 24th. The company provided EPS guidance of $2.20-$2.38 for the period, compared to the consensus estimate of $2.34. The company issued revenue guidance of -.

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).

Avangrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGR."

Avangrid's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (0.47%), FMR LLC (0.20%), Legal & General Group Plc (0.20%), Goldman Sachs Group Inc. (0.16%), Mackenzie Financial Corp (0.14%) and Millennium Management LLC (0.14%). Insiders that own company stock include Alan D Solomont, Alan D Solomont and SA Iberdrola.
View institutional ownership trends.

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.
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One share of AGR stock can currently be purchased for approximately $44.10.

Avangrid (NYSE:AGR) has a market capitalization of $17.05 billion and generates $6.97 billion in revenue each year. The utilities provider earns $707 million in net income (profit) each year or $2.34 on an earnings per share basis.

The company employs 7,348 workers across the globe.

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) 629-1200 or via email at investors@avangrid.com.