Avangrid - AGR Stock Forecast, Price & News

Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also 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. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.8 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TheStreet upgraded Avangrid from a "c+" rating to a "b" rating in a research note on Tuesday, August 9th. StockNews.com raised shares of Avangrid from a "hold" rating to a "buy" rating in a research report on Monday, August 1st. KeyCorp cut shares of Avangrid from a "sector weight" rating to an "underweight" rating and set a $40.00 price target for the company. in a research report on Monday, June 27th. They noted that the move was a valuation call. Barclays dropped their price objective on Avangrid from $51.00 to $48.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. Finally, Siebert Williams Shank began coverage on Avangrid in a report on Thursday, June 9th. They issued a "buy" rating and a $57.00 target price for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Avangrid has a consensus rating of "Hold" and an average target price of $47.00.

Avangrid Price Performance

NYSE:AGR traded up $0.52 during mid-day trading on Tuesday, hitting $51.63. The stock had a trading volume of 447,909 shares, compared to its average volume of 696,135. The company has a 50 day simple moving average of $46.58 and a 200 day simple moving average of $46.16. The company has a market cap of $19.96 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 3.81 and a beta of 0.35. Avangrid has a 52-week low of $42.20 and a 52-week high of $55.57. The company has a quick ratio of 0.77, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Avangrid (NYSE:AGR - Get Rating) last posted its earnings results on Tuesday, July 26th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Avangrid had a return on equity of 4.65% and a net margin of 12.12%. During the same period last year, the company posted $0.35 EPS. Equities analysts forecast that Avangrid will post 2.27 EPS for the current fiscal year.

Avangrid Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be paid a $0.44 dividend. The ex-dividend date is Thursday, September 1st. This represents a $1.76 annualized dividend and a yield of 3.41%. Avangrid's payout ratio is currently 75.21%.