News coverage about Avangrid (NYSE:AGR) has been trending somewhat negative recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Avangrid earned a daily sentiment score of 0.00 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.9183067711024 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts have commented on AGR shares. Bank of America restated a “buy” rating and issued a $53.00 price target (up previously from $52.00) on shares of Avangrid in a report on Thursday, February 22nd. Zacks Investment Research cut Avangrid from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. Guggenheim set a $55.00 price target on Avangrid and gave the company a “buy” rating in a report on Thursday, February 15th. Citigroup started coverage on Avangrid in a report on Friday, April 13th. They issued a “buy” rating and a $58.00 price target for the company. Finally, Gabelli restated a “buy” rating on shares of Avangrid in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Avangrid currently has a consensus rating of “Buy” and an average target price of $52.21.
AGR remained flat at $$51.47 during midday trading on Friday. The company’s stock had a trading volume of 460,768 shares, compared to its average volume of 478,705. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.34. The stock has a market cap of $15.90 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.37 and a beta of 0.18. Avangrid has a 52 week low of $43.13 and a 52 week high of $54.55.
Avangrid (NYSE:AGR) last issued its earnings results on Monday, April 23rd. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.01). Avangrid had a return on equity of 4.59% and a net margin of 6.36%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities research analysts predict that Avangrid will post 2.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be issued a dividend of $0.432 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, June 7th. Avangrid’s payout ratio is currently 78.64%.
Avangrid Company Profile
Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. As of December 31, 2017, the company delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 1 million natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity.
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