Parametric Portfolio Associates LLC increased its holdings in Avangrid, Inc. (NYSE:AGR) by 28.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,717 shares of the utilities provider’s stock after purchasing an additional 37,790 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.06% of Avangrid worth $7,625,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. US Bancorp DE raised its position in Avangrid by 106.3% in the first quarter. US Bancorp DE now owns 2,863 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 1,475 shares in the last quarter. Proficio Capital Partners LLC raised its position in Avangrid by 102.2% in the second quarter. Proficio Capital Partners LLC now owns 2,704 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 1,367 shares in the last quarter. First Personal Financial Services raised its position in Avangrid by 3.4% in the second quarter. First Personal Financial Services now owns 2,862 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 94 shares in the last quarter. Parallel Advisors LLC raised its position in Avangrid by 20.1% in the second quarter. Parallel Advisors LLC now owns 3,265 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 546 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Avangrid in the second quarter worth about $243,000. 13.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Avangrid, Inc. (NYSE:AGR) opened at 50.51 on Friday. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 23.16 and a beta of 0.48. The stock’s 50 day moving average is $47.75 and its 200 day moving average is $45.86. Avangrid, Inc. has a 12-month low of $35.42 and a 12-month high of $50.77.
Avangrid (NYSE:AGR) last issued its earnings results on Tuesday, October 24th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Avangrid had a net margin of 11.23% and a return on equity of 4.60%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. Equities analysts expect that Avangrid, Inc. will post $2.23 earnings per share for the current year.
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AGR has been the subject of several recent research reports. Bank of America Corporation initiated coverage on shares of Avangrid in a research report on Tuesday. They issued a “buy” rating and a $52.00 price target for the company. Zacks Investment Research raised shares of Avangrid from a “sell” rating to a “hold” rating in a report on Thursday. Evercore ISI raised shares of Avangrid from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.50 to $46.50 in a report on Monday, July 24th. Finally, J P Morgan Chase & Co raised their price objective on shares of Avangrid from $43.00 to $47.00 and gave the stock an “underweight” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Avangrid has an average rating of “Buy” and a consensus price target of $47.50.
Avangrid Company Profile
Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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