Avangrid (NYSE:AGR) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Avangrid (NYSE:AGR - Free Report) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the utilities provider's stock.

Avangrid Stock Down 0.1 %

Shares of Avangrid stock traded down $0.03 on Friday, hitting $35.55. 580,053 shares of the company traded hands, compared to its average volume of 514,116. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Avangrid has a 12-month low of $29.71 and a 12-month high of $37.70. The company has a 50-day moving average price of $35.80 and a 200 day moving average price of $35.70. The company has a market cap of $13.75 billion, a PE ratio of 12.22, a PEG ratio of 2.53 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 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 the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Avangrid will post 2.34 earnings per share for the current year.

Avangrid Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid 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 4.95%. Avangrid's dividend payout ratio (DPR) is 60.48%.

Hedge Funds Weigh In On Avangrid

Several institutional investors have recently bought and sold shares of AGR. CWM LLC raised its stake in shares of Avangrid by 41.2% in the 2nd quarter. CWM LLC now owns 4,537 shares of the utilities provider's stock valued at $161,000 after acquiring an additional 1,323 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Avangrid by 225.0% in the 2nd quarter. QRG Capital Management Inc. now owns 33,050 shares of the utilities provider's stock valued at $1,174,000 after acquiring an additional 22,880 shares in the last quarter. FCG Investment Co boosted its position in shares of Avangrid by 124.5% during the 2nd quarter. FCG Investment Co now owns 21,119 shares of the utilities provider's stock valued at $750,000 after acquiring an additional 11,711 shares in the last quarter. Hoxton Planning & Management LLC boosted its stake in Avangrid by 27.3% in the 2nd quarter. Hoxton Planning & Management LLC now owns 7,552 shares of the utilities provider's stock valued at $268,000 after buying an additional 1,619 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Avangrid by 19.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the utilities provider's stock worth $223,000 after buying an additional 1,000 shares during the last quarter. 13.12% of the stock is currently owned by institutional investors.

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.