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

StockNews.com began coverage on shares of Avangrid (NYSE:AGR - Free Report) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the utilities provider's stock.

Avangrid Stock Down 0.1 %

Shares of AGR stock traded down $0.05 on Friday, reaching $36.10. 271,741 shares of the stock were exchanged, compared to its average volume of 765,318. Avangrid has a twelve month low of $29.71 and a twelve month high of $37.70. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 2.57 and a beta of 0.55. The business's 50 day moving average price is $35.82 and its 200 day moving average price is $35.74.

Avangrid (NYSE:AGR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.22. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.04 billion. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts expect that Avangrid will post 2.34 earnings per share for the current fiscal year.

Avangrid Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid's dividend payout ratio (DPR) is currently 60.48%.

Institutional Trading of Avangrid

Large investors have recently made changes to their positions in the company. Signaturefd LLC lifted its stake in Avangrid by 1.8% in the third quarter. Signaturefd LLC now owns 16,301 shares of the utilities provider's stock valued at $583,000 after buying an additional 290 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Avangrid by 1.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 28,005 shares of the utilities provider's stock worth $995,000 after purchasing an additional 471 shares during the period. CIBC Asset Management Inc boosted its stake in Avangrid by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 11,569 shares of the utilities provider's stock worth $414,000 after purchasing an additional 471 shares during the period. Van ECK Associates Corp grew its position in Avangrid by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 18,305 shares of the utilities provider's stock worth $650,000 after purchasing an additional 499 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Avangrid by 5.7% in the second quarter. American Century Companies Inc. now owns 10,303 shares of the utilities provider's stock valued at $366,000 after purchasing an additional 560 shares during the period. 13.12% of the stock is owned by institutional investors and hedge funds.

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.