Royal London Asset Management Ltd. Boosts Holdings in Avangrid, Inc. (NYSE:AGR)

Royal London Asset Management Ltd. increased its holdings in shares of Avangrid, Inc. (NYSE:AGR - Free Report) by 276.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,430 shares of the utilities provider's stock after purchasing an additional 77,425 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Avangrid were worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Avangrid during the third quarter valued at $25,000. Blue Trust Inc. lifted its holdings in Avangrid by 244.9% in the third quarter. Blue Trust Inc. now owns 807 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 573 shares during the period. Eastern Bank bought a new position in Avangrid in the third quarter valued at about $30,000. Venturi Wealth Management LLC lifted its holdings in Avangrid by 1,939.7% in the third quarter. Venturi Wealth Management LLC now owns 2,978 shares of the utilities provider's stock valued at $107,000 after acquiring an additional 2,832 shares during the period. Finally, CWM LLC lifted its holdings in Avangrid by 41.2% in the second 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 during the period. 13.12% of the stock is owned by institutional investors.

Avangrid Stock Performance

Shares of NYSE AGR remained flat at $35.55 during trading on Monday. The stock had a trading volume of 423,317 shares, compared to its average volume of 759,673. The company has a 50 day simple moving average of $35.80 and a 200 day simple moving average of $35.70. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Avangrid, Inc. has a 1 year low of $29.71 and a 1 year high of $37.70. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 2.53 and a beta of 0.56.

Avangrid (NYSE:AGR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $0.27 earnings per share. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that Avangrid, Inc. will post 2.34 EPS for the current 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 paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid's dividend payout ratio (DPR) is currently 60.48%.

Analysts Set New Price Targets

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

Avangrid 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.