Avangrid Inc (AGR) Receives Consensus Rating of “Hold” from Analysts

Share on StockTwits

Shares of Avangrid Inc (NYSE:AGR) have received a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $52.42.

Several equities research analysts have commented on AGR shares. Zacks Investment Research cut Avangrid from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Goldman Sachs Group cut Avangrid from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 30th. ValuEngine cut Avangrid from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Bank of America cut Avangrid from a “buy” rating to a “neutral” rating and cut their target price for the company from $54.00 to $53.00 in a research note on Wednesday, February 20th. Finally, Janney Montgomery Scott cut Avangrid from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 20th.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Avangrid by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,531,698 shares of the utilities provider’s stock worth $265,135,000 after purchasing an additional 65,687 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Avangrid by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 5,531,698 shares of the utilities provider’s stock worth $265,135,000 after purchasing an additional 65,687 shares in the last quarter. BlackRock Inc. raised its stake in shares of Avangrid by 4.8% during the 4th quarter. BlackRock Inc. now owns 2,235,551 shares of the utilities provider’s stock worth $111,980,000 after purchasing an additional 103,270 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Avangrid by 21.1% during the 4th quarter. Pzena Investment Management LLC now owns 2,141,782 shares of the utilities provider’s stock worth $107,282,000 after purchasing an additional 372,696 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Avangrid by 76.7% during the 4th quarter. FMR LLC now owns 1,868,081 shares of the utilities provider’s stock worth $93,572,000 after purchasing an additional 810,834 shares in the last quarter. Institutional investors own 14.77% of the company’s stock.

Shares of AGR opened at $51.35 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.58. Avangrid has a 52-week low of $45.81 and a 52-week high of $54.55. The company has a market capitalization of $16.00 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.89 and a beta of 0.08.

Avangrid (NYSE:AGR) last issued its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.06). Avangrid had a net margin of 9.18% and a return on equity of 4.43%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Avangrid’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts forecast that Avangrid will post 2.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 6th. Avangrid’s dividend payout ratio is currently 79.64%.

Avangrid Company Profile

Avangrid, Inc operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.

Further Reading: Market Capitalization and Individual Investors

Analyst Recommendations for Avangrid (NYSE:AGR)

Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.