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. As of December 31, 2017, the company delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 1 million natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. The company 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. It also 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. The company was formerly known as Iberdrola USA, Inc. Avangrid, Inc. 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
SymbolNYSE:AGR
CUSIPN/A
Phone207-629-1200
Debt
Debt-to-Equity Ratio0.34
Current Ratio0.73
Quick Ratio0.64
Price-To-Earnings
Trailing P/E Ratio22.92
Forward P/E Ratio21.73
P/E Growth2.38
Sales & Book Value
Annual Sales$5.96 billion
Price / Sales2.61
Cash Flow$5.0219 per share
Price / Cash10.04
Book Value$48.85 per share
Price / Book1.03
Profitability
EPS (Most Recent Fiscal Year)$2.20
Net Income$381 million
Net Margins6.07%
Return on Equity4.47%
Return on Assets2.16%
Miscellaneous
Employees6,570
Outstanding Shares309,010,000
Market Cap$15.55 billion
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 announced a quarterly dividend on Thursday, July 12th. Stockholders of record on Friday, September 7th will be paid a dividend of $0.44 per share on Monday, October 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Thursday, September 6th. This is a positive change from Avangrid's previous quarterly dividend of $0.43. View Avangrid's Dividend History.
How were Avangrid's earnings last quarter?
Avangrid Inc (NYSE:AGR) posted its quarterly earnings results on Tuesday, July, 24th. The utilities provider reported $0.41 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.48 by $0.07. The utilities provider earned $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. Avangrid had a return on equity of 4.47% and a net margin of 6.07%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 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, July, 24th. The company provided earnings per share (EPS) guidance of $2.22-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.38.
What price target have analysts set for AGR?
10 brokerages have issued 12-month price targets for Avangrid's shares. Their predictions range from $46.00 to $58.00. On average, they anticipate Avangrid's stock price to reach $53.2857 in the next year. This suggests a possible upside of 5.7% 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, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avangrid.
Who are some of Avangrid's key competitors?
Some companies that are related to Avangrid include Enel S.p.A. ADS Common Stock (ENLAY), Southern (SO), Dominion Energy (D), American Electric Power (AEP), CLP (CLPHY), Tenaga Nasional Bhd (TNABY), Edison International (EIX), PPL (PPL), DTE Energy (DTE), Eversource Energy (ES), Korea Electric Power (KEP), FirstEnergy (FE), SSE PLC/S (SSEZY), Entergy (ETR) and EDP-Energias de Portugal, S.A (EDPFY).
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
Has Avangrid been receiving favorable news coverage?
News coverage about AGR stock has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Avangrid earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned news stories about the utilities provider an impact score of 47.36 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Avangrid.
Who are Avangrid's major shareholders?
Avangrid's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.71%), Pzena Investment Management LLC (0.57%), Massachusetts Financial Services Co. MA (0.44%), FMR LLC (0.38%), OppenheimerFunds Inc. (0.31%) and Renaissance Technologies LLC (0.24%). 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 institutional investors are selling Avangrid stock?
AGR stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Massachusetts Financial Services Co. MA, OppenheimerFunds Inc., Hennessy Advisors Inc., Advisors Asset Management Inc., First Trust Advisors LP, California Public Employees Retirement System and Zurich Insurance Group Ltd FI. View Insider Buying and Selling for Avangrid.
Which institutional investors are buying Avangrid stock?
AGR stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Renaissance Technologies LLC, Bank of America Corp DE, BlueMountain Capital Management LLC, Mackay Shields LLC, Russell Investments Group Ltd., Covalis Capital LLP and Canada Pension Plan Investment Board. 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 $50.42.
How big of a company is Avangrid?
Avangrid has a market capitalization of $15.55 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.
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.
