Avangrid Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Avangrid stock. 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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Wall Street analysts have given Avangrid a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avangrid wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Avangrid is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Avangrid.

Avangrid, Inc. (NYSE:AGR) released its quarterly earnings data on Monday, July, 19th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.07. The utilities provider earned $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Avangrid had a net margin of 10.41% and a trailing twelve-month return on equity of 4.54%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share.
View Avangrid's earnings history.

Avangrid's stock was trading at $47.58 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AGR stock has increased by 5.8% and is now trading at $50.32.
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Avangrid announced a quarterly dividend on Monday, July 12th. Shareholders of record on Friday, September 3rd will be given a dividend of $0.44 per share on Friday, October 1st. This represents a $1.76 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Thursday, September 2nd.
View Avangrid's dividend history.

Avangrid pays an annual dividend of $1.76 per share and currently has a dividend yield of 3.51%. Avangrid does not yet have a strong track record of dividend growth. The dividend payout ratio of Avangrid is 87.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Avangrid will have a dividend payout ratio of 73.03% next year. This indicates that Avangrid will be able to sustain or increase its dividend.
View Avangrid's dividend history.

Avangrid issued an update on its FY 2021 earnings guidance on Tuesday, August, 3rd. The company provided earnings per share guidance of $2.040-$2.220 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.360. The company issued revenue guidance of -.

6 brokers have issued 1 year target prices for Avangrid's shares. Their forecasts range from $46.00 to $64.00. On average, they expect Avangrid's share price to reach $54.33 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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Some companies that are related to Avangrid include The Southern (SO), Dominion Energy (D), American Electric Power (AEP), Eversource Energy (ES), CLP (CLPHY), SSE (SSEZY), Edison International (EIX), DTE Energy (DTE), PPL (PPL), Entergy (ETR), Fortis (FTS), EDP - Energias de Portugal (EDPFY), FirstEnergy (FE), CenterPoint Energy (CNP) and Tenaga Nasional Berhad (TNABY).
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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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (1.85%), Royal Bank of Canada (0.98%), BlackRock Inc. (1.06%), First Trust Advisors LP (0.43%), Baillie Gifford & Co. (0.49%) and State Street Corp (0.30%). Company insiders that own Avangrid stock include Alan D Solomont and SA Iberdrola.
View institutional ownership trends for Avangrid.

AGR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., GSB Wealth Management LLC, Royal Bank of Canada, Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., DekaBank Deutsche Girozentrale, Deutsche Bank AG, and Kayne Anderson Capital Advisors LP.
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AGR stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., First Trust Advisors LP, Invesco Ltd., Prudential Financial Inc., State Street Corp, Morgan Stanley, Morgan Stanley, and Goldman Sachs Group Inc.. Company insiders that have bought Avangrid stock in the last two years include Alan D Solomont, and SA Iberdrola.
View insider buying and selling activity for Avangrid or or view top insider-buying stocks.

Shares of AGR 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 $50.32.

Avangrid has a market capitalization of $19.48 billion and generates $6.32 billion in revenue each year. The utilities provider earns $581 million in net income (profit) each year or $2.02 on an earnings per share basis.

Avangrid employs 7,031 workers across the globe.

The official website for Avangrid is www.avangrid.com.

Avangrid is headquartered at 180 Marsh Hill Road, ORANGE CT, 06477.

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].