Avangrid, Inc. (NYSE:AGR) Short Interest Update

Avangrid, Inc. (NYSE:AGR - Get Free Report) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,420,000 shares, an increase of 5.2% from the November 15th total of 1,350,000 shares. Based on an average daily trading volume, of 637,300 shares, the short-interest ratio is currently 2.2 days. Currently, 2.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Avangrid in a research note on Monday. They issued a "hold" rating for the company.

Avangrid Stock Performance

AGR traded up $0.09 during trading on Monday, reaching $35.68. 905,291 shares of the company's stock were exchanged, compared to its average volume of 762,726. 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 has a 1 year low of $29.71 and a 1 year high of $37.70. The company's fifty day simple moving average is $35.78 and its 200-day simple moving average is $35.68. The stock has a market capitalization of $13.80 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.54 and a beta of 0.56.

Avangrid (NYSE:AGR - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.22. The firm 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 firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. As a group, research analysts predict that Avangrid will post 2.34 earnings per share for the current fiscal year.

Avangrid Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.93%. Avangrid's dividend payout ratio (DPR) is presently 60.48%.

Institutional Trading of Avangrid

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in Avangrid in the 3rd quarter worth approximately $25,000. Blue Trust Inc. lifted its stake in shares of Avangrid by 244.9% in the 3rd quarter. Blue Trust Inc. now owns 807 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 573 shares during the period. Eastern Bank acquired a new position in shares of Avangrid in the 3rd quarter valued at $30,000. Quarry LP purchased a new stake in Avangrid during the third quarter worth $47,000. Finally, Venturi Wealth Management LLC grew its position in Avangrid by 1,939.7% during the third quarter. Venturi Wealth Management LLC now owns 2,978 shares of the utilities provider's stock valued at $107,000 after buying an additional 2,832 shares during the period. 13.12% of the stock is owned by institutional investors and hedge funds.

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.