Investment analysts at StockNews.com assumed coverage on shares of Avangrid (NYSE:AGR - Get Free Report) in a report issued on Thursday. The firm set a "hold" rating on the utilities provider's stock.
Avangrid Trading Down 0.2 %
Shares of Avangrid stock traded down $0.08 during trading on Thursday, hitting $35.76. The company's stock had a trading volume of 467,623 shares, compared to its average volume of 776,218. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Avangrid has a 52 week low of $29.71 and a 52 week high of $37.70. The stock has a 50-day moving average price of $35.73 and a two-hundred day moving average price of $35.79. 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 released its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.22. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The business's revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Avangrid will post 2.34 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in AGR. Janney Montgomery Scott LLC increased its holdings in Avangrid by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 29,007 shares of the utilities provider's stock worth $1,057,000 after purchasing an additional 2,603 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Avangrid during the 1st quarter valued at $335,000. Headlands Technologies LLC bought a new position in Avangrid during the first quarter worth $26,000. QRG Capital Management Inc. grew its holdings in Avangrid by 28.0% in the first quarter. QRG Capital Management Inc. now owns 10,170 shares of the utilities provider's stock worth $371,000 after purchasing an additional 2,224 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Avangrid in the first quarter valued at $4,504,000. 13.12% of the stock is owned by institutional investors and hedge funds.
About Avangrid
(
Get 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 through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.
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