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
Industry Electric services
Sub-IndustryN/A
SectorUtilities
SymbolNYSE:AGR
CUSIPN/A
Phone207-629-1200
Debt
Debt-to-Equity Ratio0.34
Current Ratio0.73
Quick Ratio0.66
Price-To-Earnings
Trailing P/E Ratio23.36
Forward P/E Ratio21.50
P/E Growth2.33
Sales & Book Value
Annual Sales$5.96 billion
Price / Sales2.65
Cash Flow$5.0454 per share
Price / Cash10.14
Book Value$48.85 per share
Price / Book1.05
Profitability
EPS (Most Recent Fiscal Year)$2.20
Net Income$381 million
Net Margins6.36%
Return on Equity4.59%
Return on Assets2.21%
Miscellaneous
Employees6,570
Outstanding Shares309,010,000
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, April 26th. Stockholders of record on Friday, June 8th will be given a dividend of $0.432 per share on Monday, July 2nd. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Thursday, June 7th. View Avangrid's Dividend History.
How were Avangrid's earnings last quarter?
Avangrid Inc (NYSE:AGR) released its earnings results on Monday, April, 23rd. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.01. The utilities provider had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.73 billion. Avangrid had a return on equity of 4.59% and a net margin of 6.36%. Avangrid's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 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 FY18 earnings guidance on Monday, April, 23rd. The company provided earnings per share guidance of $2.22-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.39.
What price target have analysts set for AGR?
9 brokerages have issued 1-year target prices for Avangrid's shares. Their forecasts range from $46.00 to $58.00. On average, they anticipate Avangrid's share price to reach $52.2143 in the next twelve months. 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), Korea Electric Power (KEP), Edison International (EIX), PPL (PPL), SSE PLC/S (SSEZY), DTE Energy (DTE), Eversource Energy (ES), FirstEnergy (FE), EDP-Energias de Portugal, S.A (EDPFY) and Entergy (ETR).
Who are Avangrid's key executives?
Avangrid's management team includes the folowing people:
- Mr. James P. Torgerson, CEO & Director (Age 66)
- Mr. Richard J. Nicholas, Sr. VP & CFO (Age 63)
- Ms. Sheila Duncan, Sr. VP of HR & Corp. Admin. (Age 53)
- Mr. Robert Daniel Kump, Pres & CEO of Networks (Age 57)
- Ms. Patricia C. Cosgel, VP Investor and Shareholder Relations
Has Avangrid been receiving favorable news coverage?
News articles about AGR stock have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avangrid earned a daily sentiment score of 0.13 on Accern's scale. They also gave media stories about the utilities provider an impact score of 47.17 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Avangrid's major shareholders?
Avangrid's stock is owned by a number of of institutional and retail investors. Top institutional investors include Royal Bank of Canada (1.06%), BlackRock Inc. (0.70%), Pzena Investment Management LLC (0.56%), Massachusetts Financial Services Co. MA (0.55%), OppenheimerFunds Inc. (0.36%) and Allianz Asset Management GmbH (0.21%). Company insiders that own Avangrid stock include Alan D Solomont, 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 Citigroup Inc., Massachusetts Financial Services Co. MA, Wells Fargo & Company MN, Daiwa Securities Group Inc., Silvercrest Asset Management Group LLC, Global X Management Co. LLC, UBS Group AG and Gabelli Funds LLC. 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 OppenheimerFunds Inc., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Royal Bank of Canada, Arnhold LLC, Covalis Capital LLP, Aperio Group LLC and Robeco Institutional Asset Management B.V.. Company insiders that have bought Avangrid stock in the last two years include Alan D Solomont, 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 $51.16.
How big of a company is Avangrid?
Avangrid has a market capitalization of $15.70 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 (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.
