Avangrid, Inc. (NYSE:AGR) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Avangrid, Inc. (NYSE:AGR - Free Report) by 28.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 884,742 shares of the utilities provider's stock after purchasing an additional 197,841 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.23% of Avangrid worth $31,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its position in Avangrid by 225.0% during the 2nd quarter. QRG Capital Management Inc. now owns 33,050 shares of the utilities provider's stock worth $1,174,000 after acquiring an additional 22,880 shares in the last quarter. Creative Planning lifted its position in Avangrid by 17.4% during the 3rd quarter. Creative Planning now owns 37,986 shares of the utilities provider's stock worth $1,360,000 after acquiring an additional 5,618 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Avangrid by 26.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 256,980 shares of the utilities provider's stock valued at $9,130,000 after purchasing an additional 54,469 shares in the last quarter. Blue Trust Inc. raised its position 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Avangrid by 4.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the utilities provider's stock valued at $491,000 after purchasing an additional 647 shares in the last quarter. 13.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Avangrid in a research report on Saturday. They issued a "hold" rating on the stock.

Avangrid Stock Down 0.5 %

Shares of AGR traded down $0.19 during trading on Wednesday, reaching $35.48. The company's stock had a trading volume of 660,941 shares, compared to its average volume of 763,715. Avangrid, Inc. has a twelve month low of $29.71 and a twelve month high of $37.70. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 2.54 and a beta of 0.56. The company has a fifty day moving average of $35.81 and a two-hundred day moving average of $35.71.

Avangrid (NYSE:AGR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share 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 business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.27 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Avangrid, Inc. will post 2.34 EPS for the current fiscal year.

Avangrid Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.96%. Avangrid's dividend payout ratio (DPR) is 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.