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 1 sell rating, 4 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.
View AGR analyst ratings or view top-rated stocks.

6 brokerages have issued 12-month price targets for Avangrid's shares. Their AGR share price forecasts range from $35.00 to $57.00. On average, they expect the company's share price to reach $45.20 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
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Avangrid's stock was trading at $49.88 at the start of the year. Since then, AGR shares have decreased by 14.4% and is now trading at $42.68.
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Avangrid saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 3,800,000 shares, an increase of 8.9% from the October 15th total of 3,490,000 shares. Based on an average trading volume of 725,500 shares, the days-to-cover ratio is currently 5.2 days. Currently, 5.4% of the shares of the company are short sold.
View Avangrid's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our AGR earnings forecast.

Avangrid, Inc. (NYSE:AGR) released its quarterly earnings data on Tuesday, October, 25th. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by $0.01. The utilities provider had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.73 billion. Avangrid had a trailing twelve-month return on equity of 4.56% and a net margin of 11.66%. During the same quarter in the prior year, the business posted $0.34 EPS.

Avangrid declared a quarterly dividend on Wednesday, October 19th. Investors of record on Thursday, December 1st will be given a dividend of $0.44 per share on Tuesday, January 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Wednesday, November 30th.
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 4.10%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.86%. 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 77.88% 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 issued an update on its FY 2022 earnings guidance on Saturday, October, 29th. The company provided earnings per share guidance of $2.20-$2.38 for the period, compared to the consensus estimate of $2.33. 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (1.98%), BlackRock Inc. (1.67%), Royal Bank of Canada (0.97%), ATLAS Infrastructure Partners UK Ltd. (0.60%), State Street Corp (0.47%) and First Trust Advisors LP (0.45%). 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 $42.68.

Avangrid (NYSE:AGR) has a market capitalization of $16.50 billion and generates $6.97 billion in revenue each year. The utilities provider earns $707 million in net income (profit) each year or $2.32 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.