Avangrid, Inc. (NYSE:AGR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Avangrid, Inc. (NYSE:AGRGet Rating) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $45.20.

Several equities analysts have recently weighed in on AGR shares. KeyCorp reduced their price objective on shares of Avangrid from $41.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, October 20th. Mizuho raised their price objective on shares of Avangrid from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, October 31st. StockNews.com downgraded Avangrid from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Wells Fargo & Company lowered their price objective on shares of Avangrid from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. Finally, TheStreet upgraded shares of Avangrid from a “c+” rating to a “b” rating in a research note on Tuesday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Avangrid by 9.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,363 shares of the utilities provider’s stock worth $108,000 after buying an additional 201 shares during the last quarter. Cetera Advisor Networks LLC raised its position in Avangrid by 4.7% in the second quarter. Cetera Advisor Networks LLC now owns 4,787 shares of the utilities provider’s stock valued at $221,000 after purchasing an additional 215 shares during the last quarter. Creative Planning raised its position in Avangrid by 1.6% in the third quarter. Creative Planning now owns 16,142 shares of the utilities provider’s stock valued at $673,000 after purchasing an additional 254 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in Avangrid by 3.2% in the third quarter. SeaCrest Wealth Management LLC now owns 8,361 shares of the utilities provider’s stock valued at $349,000 after purchasing an additional 257 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Avangrid by 1.9% during the first quarter. Cetera Investment Advisers now owns 15,024 shares of the utilities provider’s stock worth $702,000 after acquiring an additional 276 shares during the last quarter. 12.49% of the stock is owned by institutional investors and hedge funds.

Avangrid Stock Up 0.8 %

Avangrid stock opened at $42.33 on Friday. The company has a 50-day simple moving average of $41.89 and a 200-day simple moving average of $45.47. The firm has a market capitalization of $16.37 billion, a P/E ratio of 18.25, a P/E/G ratio of 3.10 and a beta of 0.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 0.74. Avangrid has a one year low of $37.64 and a one year high of $52.51.

Avangrid (NYSE:AGRGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.73 billion. Avangrid had a return on equity of 4.56% and a net margin of 11.66%. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, equities analysts expect that Avangrid will post 2.3 earnings per share for the current year.

Avangrid Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 1st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Wednesday, November 30th. Avangrid’s payout ratio is presently 75.86%.

About Avangrid

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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.

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Analyst Recommendations for Avangrid (NYSE:AGR)

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