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
Industry Electric services
Sub-IndustryN/A
SectorUtilities
Phone207-629-1200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.48 billion
Profitability
Miscellaneous
Employees6,570
Next Earnings Date4/22/2019 (Estimated)
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 Thursday, February 14th. Investors of record on Friday, March 8th will be given a dividend of $0.44 per share on Monday, April 1st. This represents a $1.76 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, March 7th. View Avangrid's Dividend History.
How were Avangrid's earnings last quarter?
Avangrid Inc (NYSE:AGR) released its quarterly earnings results on Tuesday, February, 19th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.06. The utilities provider earned $1.67 billion during the quarter, compared to the consensus estimate of $1.32 billion. Avangrid had a return on equity of 4.43% and a net margin of 9.18%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. 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 FY19 earnings guidance on Tuesday, February, 19th. The company provided earnings per share guidance of $2.25-$2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.41. Avangrid also updated its FY 2019 guidance to $2.25-2.40 EPS.
What price target have analysts set for AGR?
8 brokerages have issued 1 year target prices for Avangrid's shares. Their predictions range from $46.00 to $57.00. On average, they expect Avangrid's share price to reach $52.7143 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Avangrid.
What is the consensus analysts' recommendation for Avangrid?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last year. There are currently 3 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avangrid.
Has Avangrid been receiving favorable news coverage?
Media stories about AGR stock have been trending positive on Friday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Avangrid earned a media sentiment score of 2.7 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of Avangrid's key competitors?
Some companies that are related to Avangrid include Southern (SO), Dominion Energy (D), American Electric Power (AEP), CLP (CLPHY), PPL (PPL), Eversource Energy (ES), DTE Energy (DTE), FirstEnergy (FE), Edison International (EIX), Korea Electric Power (KEP), Tenaga Nasional Bhd (TNABY), Entergy (ETR), SSE PLC/S (SSEZY), CenterPoint Energy (CNP) and Fortis (FTS).
What other stocks do shareholders of Avangrid own?
Who are Avangrid's key executives?
Avangrid's management team includes the folowing people:
- Mr. James P. Torgerson, CEO & Director (Age 67)
- Ms. Sheila Duncan, Sr. VP of HR & Corp. Admin. (Age 54)
- Mr. Robert Daniel Kump, Pres & CEO of Networks (Age 58)
- Mr. Douglas K. Stuver, Sr. VP & CFO (Age 55)
- Ms. Patricia C. Cosgel, VP Investor & Shareholder Relations
Who are Avangrid's major shareholders?
Avangrid's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.72%), Pzena Investment Management LLC (0.69%), Massachusetts Financial Services Co. MA (0.29%), First Trust Advisors LP (0.20%), Jennison Associates LLC (0.20%) and Bank of New York Mellon Corp (0.18%). 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 Jennison Associates LLC, Massachusetts Financial Services Co. MA, Bank of America Corp DE, D. E. Shaw & Co. Inc., Daiwa SB Investments Ltd., Barclays PLC, Mackenzie Financial Corp and Squarepoint Ops LLC. 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 Pzena Investment Management LLC, Millennium Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, Bank of New York Mellon Corp, BlackRock Inc., Baillie Gifford & Co., Prudential Financial Inc. and Whitehelm Capital Pty 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 $49.27.
How big of a company is Avangrid?
Avangrid has a market capitalization of $15.22 billion and generates $6.48 billion in revenue each year. The utilities provider earns $381 million in net income (profit) each year or $2.21 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.
