NYSE:AGRAvangrid Stock Price, Forecast & News

$42.90

+0.82 (+1.95 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$42.30

Now: $42.90▼

$43.19

50-Day Range

$39.68

MA: $42.93▼

$45.99

52-Week Range

$35.62

Now: $42.90▼

$57.24

Volume823,900 shs

Average Volume747,118 shs

Market Capitalization$13.26 billion

P/E Ratio18.33

Dividend Yield4.18%

Beta0.28

Avangrid, Inc. operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. 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. In addition, it 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 February 26, 2019, Avangrid, Inc. owned 8 electric and natural gas utilities, serving 3.2 million customers in New York and New England, as well as owned and operated 7.2 gigawatts of electricity capacity, primarily through wind power in 22 states. The company was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.

Beat the Market (BTM) Rank^™

1.9 Analyst's Opinion

Consensus Rating
Avangrid has received a consensus rating of Hold. The company's average rating score is 1.71, and is based on no buy ratings, 5 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.80, Avangrid has a potential upside of 13.8% from its current price of $42.90.
Amount of Analyst Coverage
Avangrid has only been the subject of 3 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Avangrid has received 253 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Avangrid has received 313 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Avangrid has received 55.30% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Leadership
Avangrid is a leading dividend payer. It pays a dividend yield of 4.18%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Avangrid has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Avangrid is 81.11 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
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.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Avangrid insiders have bought more of their company's stock than they have sold. Specifically, they have bought $19,459.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.22% of the stock of Avangrid is held by insiders.
Percentage Held by Institutions
Only 14.86% of the stock of Avangrid is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Avangrid are expected to grow by 8.56% in the coming year, from $2.22 to $2.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avangrid is 18.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avangrid is 18.33, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 28.53.
Price to Earnings Growth Ratio
Avangrid has a PEG Ratio of 3.35. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Avangrid has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.29 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryN/A

SectorUtilities

Current SymbolNYSE:AGR

Previous Symbol

CUSIPN/A

CIK1634997

Webwww.avangrid.com

Phone207-629-1200

Debt

Debt-to-Equity Ratio0.43

Current Ratio0.55

Quick Ratio0.49

Price-To-Earnings

Trailing P/E Ratio18.33

Forward P/E Ratio19.32

P/E Growth3.35

Sales & Book Value

Annual Sales$6.34 billion

Price / Sales2.09

Cash Flow$5.67 per share

Price / Cash Flow7.57

Book Value$51.48 per share

Price / Book0.83

Profitability

EPS (Most Recent Fiscal Year)$2.17

Net Income$700 million

Net Margins11.50%

Return on Equity4.41%

Return on Assets2.03%

Miscellaneous

Employees6,597

Outstanding Shares309,005,000

Market Cap$13.26 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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Avangrid (NYSE:AGR) Frequently Asked Questions

How has Avangrid's stock been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, AGR stock has decreased by 9.8% and is now trading at $42.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Avangrid?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last year. There are currently 2 sell ratings and 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Avangrid.

When is Avangrid's next earnings date?

Avangrid is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Avangrid.

How were Avangrid's earnings last quarter?

Avangrid Inc (NYSE:AGR) released its earnings results on Tuesday, April, 28th. The utilities provider reported $0.76 EPS for the quarter, meeting analysts' consensus estimates of $0.76. The utilities provider had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.90 billion. Avangrid had a return on equity of 4.41% and a net margin of 11.50%. Avangrid's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS. View Avangrid's earnings history.

How often does Avangrid pay dividends? What is the dividend yield for Avangrid?

Avangrid announced a quarterly dividend on Monday, April 27th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.44 per share on Wednesday, July 1st. This represents a $1.76 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Monday, June 1st. View Avangrid's dividend history.

What guidance has Avangrid issued on next quarter's earnings?

Avangrid updated its FY20 earnings guidance on Tuesday, April, 28th. The company provided earnings per share (EPS) guidance of $2.17-2.37 for the period, compared to the Thomson Reuters consensus estimate of $2.20.

What price target have analysts set for AGR?

7 brokers have issued twelve-month target prices for Avangrid's stock. Their forecasts range from $46.00 to $52.00. On average, they anticipate Avangrid's share price to reach $48.80 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price. View analysts' price targets for Avangrid.

Has Avangrid been receiving favorable news coverage?

Headlines about AGR stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press 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 -5 to 5, with scores closest to five being the most favorable. Avangrid earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned press coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutAvangrid.

Are investors shorting Avangrid?

Avangrid saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,180,000 shares, an increase of 10.4% from the April 30th total of 2,880,000 shares. Based on an average daily volume of 881,700 shares, the days-to-cover ratio is currently 3.6 days. Approximately 5.7% of the shares of the stock are sold short. View Avangrid's Current Options Chain.

Who are some of Avangrid's key competitors?

Some companies that are related to Avangrid include American Electric Power (AEP), Eversource Energy (ES), CLP (CLPHY), FirstEnergy (FE), Edison International (EIX), DTE Energy (DTE), PPL (PPL), Entergy (ETR), Fortis (FTS), EDP-Energias de Portugal, S.A (EDPFY), Tenaga Nasional Bhd (TNABY), SSE PLC/S (SSEZY), Korea Electric Power (KEP), Vistra Energy (VST) and RED ELECTRICA C/ADR (RDEIY). View all competitors.

What other stocks do shareholders of Avangrid own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avangrid investors own include Verizon Communications (VZ), Circle Oil (COP), Input Capital (INP), AT&T (T), Alibaba Group (BABA), Home Depot (HD), Walt Disney (DIS), Altria Group (MO), Costco Wholesale (COST) and Cisco Systems (CSCO).

Who are Avangrid's key executives?

Avangrid's management team includes the following people:

Mr. James P. Torgerson, CEO & Director (Age 67)
Mr. Douglas K. Stuver, Sr. VP & CFO (Age 55)
Mr. Peter T. Church, Sr. VP of HR & Corp. Admin. (Age 46)
Mr. R. Scott Mahoney, Sr. VP, Gen. Counsel & Sec. (Age 53)
Mr. Robert Daniel Kump, Pres & CEO of Networks (Age 58)

What is Avangrid's stock symbol?

Avangrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGR."

Who are Avangrid's major shareholders?

Avangrid's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (3.01%), BlackRock Inc. (1.07%), Pzena Investment Management LLC (0.90%), First Trust Advisors LP (0.53%), Mitsubishi UFJ Trust & Banking Corp (0.34%) and State Street Corp (0.32%). Company insiders that own Avangrid stock include Alan D Solomont, Douglas K Stuver, Elizabeth Timm, John E Baldacci and Teresa A Herbert. 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 First Trust Advisors LP, Mitsubishi UFJ Trust & Banking Corp, Squarepoint Ops LLC, UBS Group AG, AQR Capital Management LLC, Aperio Group LLC, Denali Advisors LLC, and JPMorgan Chase & Co.. View insider buying and selling activity for Avangrid.

Which major investors are buying Avangrid stock?

AGR stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., Pzena Investment Management LLC, Gamco Investors INC. ET AL, Robecosam AG, Advisor Group Holdings Inc., Gabelli Funds LLC, and Hartford Investment Management Co.. Company insiders that have bought Avangrid stock in the last two years include Alan D Solomont, Douglas K Stuver, Elizabeth Timm, John E Baldacci, and Teresa A Herbert. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Avangrid's stock price today?

One share of AGR stock can currently be purchased for approximately $42.90.

How big of a company is Avangrid?

Avangrid has a market capitalization of $13.26 billion and generates $6.34 billion in revenue each year. The utilities provider earns $700 million in net income (profit) each year or $2.17 on an earnings per share basis. Avangrid employs 6,597 workers across the globe.

What is Avangrid's official website?

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

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff