Avangrid, Inc. (NYSE:AGR) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in Avangrid, Inc. (NYSE:AGR - Free Report) by 21.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 170,393 shares of the utilities provider's stock after selling 47,686 shares during the quarter. Advisors Asset Management Inc.'s holdings in Avangrid were worth $6,098,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AGR. Versor Investments LP purchased a new position in Avangrid in the second quarter valued at $5,468,000. Marshall Wace LLP increased its holdings in Avangrid by 973.5% during the 2nd quarter. Marshall Wace LLP now owns 150,602 shares of the utilities provider's stock worth $5,351,000 after purchasing an additional 136,573 shares during the period. Renaissance Technologies LLC raised its position in Avangrid by 466.5% in the 2nd quarter. Renaissance Technologies LLC now owns 135,400 shares of the utilities provider's stock valued at $4,811,000 after purchasing an additional 111,500 shares in the last quarter. Cowen AND Company LLC purchased a new position in shares of Avangrid in the 2nd quarter valued at about $2,842,000. Finally, Millennium Management LLC grew its position in shares of Avangrid by 34.7% during the second quarter. Millennium Management LLC now owns 308,134 shares of the utilities provider's stock worth $10,948,000 after buying an additional 79,463 shares in the last quarter. Institutional investors and hedge funds own 13.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Avangrid in a research note on Friday. They set a "hold" rating for the company.

Avangrid Stock Performance

Shares of AGR traded down $0.15 during mid-day trading on Friday, reaching $36.08. 498,159 shares of the company's stock were exchanged, compared to its average volume of 770,182. The business's fifty day simple moving average is $35.77 and its 200-day simple moving average is $35.78. Avangrid, Inc. has a 52-week low of $29.71 and a 52-week high of $37.70. The stock has a market capitalization of $13.96 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 2.56 and a beta of 0.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.44.

Avangrid (NYSE:AGR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.33 by $0.22. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.04 billion. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, equities research analysts expect that Avangrid, Inc. will post 2.34 earnings per share for the current year.

Avangrid Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.88%. Avangrid's dividend payout ratio is currently 60.48%.

Avangrid Company Profile

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.