Jupiter Asset Management Ltd. Purchases New Shares in Avangrid, Inc. (NYSE:AGR)

Jupiter Asset Management Ltd. acquired a new position in Avangrid, Inc. (NYSE:AGRFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,744 shares of the utilities provider’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Osaic Holdings Inc. grew its position in shares of Avangrid by 740.2% in the 2nd quarter. Osaic Holdings Inc. now owns 605,650 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 533,565 shares during the last quarter. Millennium Management LLC raised its holdings in Avangrid by 9,303.6% during the 2nd quarter. Millennium Management LLC now owns 527,167 shares of the utilities provider’s stock worth $24,313,000 after purchasing an additional 521,561 shares during the last quarter. BlackRock Inc. lifted its position in shares of Avangrid by 5.9% in the 2nd quarter. BlackRock Inc. now owns 6,436,151 shares of the utilities provider’s stock worth $242,514,000 after purchasing an additional 361,132 shares during the period. AQR Capital Management LLC lifted its position in shares of Avangrid by 76.9% in the 4th quarter. AQR Capital Management LLC now owns 829,528 shares of the utilities provider’s stock worth $35,653,000 after purchasing an additional 360,477 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Avangrid during the second quarter worth $13,010,000. 12.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AGR shares. Mizuho boosted their target price on shares of Avangrid from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 3rd. StockNews.com downgraded Avangrid from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, Avangrid currently has an average rating of “Hold” and an average target price of $37.33.

Get Our Latest Report on Avangrid

Avangrid Stock Up 1.2 %

Shares of NYSE AGR opened at $30.38 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm has a market cap of $11.75 billion, a PE ratio of 22.01, a P/E/G ratio of 3.72 and a beta of 0.53. The company’s fifty day simple moving average is $31.98 and its 200 day simple moving average is $32.35. Avangrid, Inc. has a 12-month low of $27.46 and a 12-month high of $41.68.

Avangrid Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Avangrid (NYSE:AGR)

Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.