Avangrid Inc (NYSE:AGR) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $48.63.
A number of analysts have commented on the company. Bank of America assumed coverage on Avangrid in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price for the company. Zacks Investment Research raised Avangrid from a “sell” rating to a “hold” rating in a report on Monday. Goldman Sachs Group assumed coverage on Avangrid in a report on Wednesday, January 10th. They issued a “buy” rating for the company. JPMorgan Chase & Co. lifted their target price on Avangrid from $43.00 to $47.00 and gave the stock an “underweight” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Co lowered Avangrid from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st.
Avangrid (AGR) opened at $47.66 on Tuesday. The stock has a market capitalization of $14,724.10, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.40 and a beta of 0.56. Avangrid has a one year low of $37.42 and a one year high of $53.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69.
Avangrid (NYSE:AGR) last announced its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Avangrid had a return on equity of 4.60% and a net margin of 11.23%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. equities research analysts forecast that Avangrid will post 2.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were issued a $0.432 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, December 8th. Avangrid’s payout ratio is 80.47%.
Institutional investors have recently bought and sold shares of the business. Ffcm LLC purchased a new position in shares of Avangrid in the third quarter valued at about $134,000. State of Alaska Department of Revenue purchased a new position in shares of Avangrid in the fourth quarter valued at about $166,000. McKinley Carter Wealth Services Inc. purchased a new position in shares of Avangrid in the third quarter valued at about $207,000. Joel Isaacson & Co. LLC purchased a new position in shares of Avangrid in the third quarter valued at about $212,000. Finally, Harrington Investments INC purchased a new position in shares of Avangrid in the third quarter valued at about $226,000. 13.83% of the stock is owned by institutional investors and hedge funds.
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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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