GSA Capital Partners LLP Buys 22,297 Shares of Avangrid, Inc. (NYSE:AGR)

GSA Capital Partners LLP increased its position in Avangrid, Inc. (NYSE:AGR - Free Report) by 118.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,166 shares of the utilities provider's stock after acquiring an additional 22,297 shares during the period. GSA Capital Partners LLP's holdings in Avangrid were worth $1,473,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC increased its stake in Avangrid by 1.8% during the 3rd quarter. Signaturefd LLC now owns 16,301 shares of the utilities provider's stock valued at $583,000 after buying an additional 290 shares during the period. Royal London Asset Management Ltd. increased its stake in Avangrid by 1.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 28,005 shares of the utilities provider's stock valued at $995,000 after buying an additional 471 shares during the period. Van ECK Associates Corp increased its stake in Avangrid by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 18,305 shares of the utilities provider's stock valued at $650,000 after buying an additional 499 shares during the period. American Century Companies Inc. increased its stake in Avangrid by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 10,303 shares of the utilities provider's stock valued at $366,000 after buying an additional 560 shares during the period. Finally, Blue Trust Inc. increased its stake in Avangrid by 244.9% during the 3rd quarter. Blue Trust Inc. now owns 807 shares of the utilities provider's stock valued at $29,000 after buying an additional 573 shares during the period. Institutional investors and hedge funds own 13.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Avangrid in a research note on Thursday. They issued a "hold" rating on the stock.

Avangrid Trading Down 0.1 %

Shares of AGR traded down $0.03 during midday trading on Thursday, hitting $35.81. The stock had a trading volume of 88,593 shares, compared to its average volume of 774,503. Avangrid, Inc. has a fifty-two week low of $29.71 and a fifty-two week high of $37.70. The business has a 50-day simple moving average of $35.73 and a two-hundred day simple moving average of $35.79. The firm has a market cap of $13.86 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52.

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

Avangrid Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid's dividend payout ratio is currently 60.48%.

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