FY2025 EPS Estimates for Avangrid, Inc. Lowered by Seaport Res Ptn (NYSE:AGR)

Avangrid, Inc. (NYSE:AGR) – Seaport Res Ptn decreased their FY2025 earnings per share (EPS) estimates for shares of Avangrid in a report released on Wednesday, September 13th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $2.73 for the year, down from their previous forecast of $2.74. The consensus estimate for Avangrid’s current full-year earnings is $2.10 per share.

Avangrid (NYSE:AGR) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.29). Avangrid had a return on equity of 2.94% and a net margin of 7.23%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year.

A number of other brokerages also recently issued reports on AGR. KeyCorp upgraded Avangrid from an “underweight” rating to a “sector weight” rating in a research report on Wednesday, June 21st. Mizuho dropped their price target on Avangrid from $39.00 to $37.00 in a research report on Wednesday, August 30th. Bank of America lifted their price target on Avangrid from $34.00 to $35.00 in a research report on Wednesday, June 21st. TheStreet downgraded Avangrid from a “b-” rating to a “c” rating in a research report on Monday, August 28th. Finally, StockNews.com downgraded Avangrid from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, Avangrid presently has a consensus rating of “Hold” and a consensus price target of $37.75.

Avangrid Stock Up 1.7 %

Shares of NYSE AGR opened at $34.45 on Thursday. Avangrid has a 52 week low of $33.37 and a 52 week high of $50.34. The business has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $37.96. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. The company has a market cap of $13.32 billion, a P/E ratio of 22.97, a P/E/G ratio of 3.65 and a beta of 0.43.

Avangrid Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.76 dividend on an annualized basis and a yield of 5.11%. Avangrid’s payout ratio is 117.33%.

Institutional Trading of Avangrid

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its position in Avangrid by 480.5% in the 1st quarter. Global Retirement Partners LLC now owns 656 shares of the utilities provider’s stock worth $26,000 after buying an additional 543 shares during the last quarter. Huntington National Bank purchased a new position in Avangrid in the 4th quarter worth approximately $32,000. Quent Capital LLC increased its stake in Avangrid by 167.1% in the 1st quarter. Quent Capital LLC now owns 943 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 590 shares during the period. MetLife Investment Management LLC purchased a new position in Avangrid in the 1st quarter worth approximately $53,000. Finally, Hexagon Capital Partners LLC increased its stake in Avangrid by 34.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,301 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 330 shares during the period. Institutional investors own 12.93% of the company’s stock.

About Avangrid

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 in two segments: Networks and Renewables. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.