Avangrid Inc. (NYSE:AGR) shares traded 1.92% higher at $39.78 on Wall Street last session.
In accordance with the data, 10 analysts cover Avangrid Inc. (NYSE:AGR). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $36.00, we find $42.50. Given the previous closing price of $39.03, this indicates a potential upside of 8.89 percent. AGR stock price is now -3.85% away from the 50-day moving average and -9.72% away from the 200-day moving average. The market capitalization of the company currently stands at $15.69B.
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It has been rated a hold by 5 analysts and a buy by 1. Brokers who have rated the stock have averaged $42.13 as their price target over the next twelve months.
With the price target reduced from $47 to $39, Mizuho Upgraded its rating from Underperform to Neutral for Avangrid Inc. (NYSE: AGR). On June 27, 2022, KeyBanc Capital Markets Downgraded its previous ‘Sector Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $40, while ‘Siebert Williams Shank’ rates the stock as ‘Buy’.
In other news, Solomont Alan D, Director bought 129 shares of the company’s stock on Mar 01. The stock was bought for $5,003 at an average price of $38.78. Upon completion of the transaction, the Director now directly owns 9,490 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Director Solomont Alan D bought 119 shares of the business’s stock. A total of $4,998 was incurred on buying the stock at an average price of $42.00. This leaves the insider owning 9,361 shares of the company worth $0.37 million. Insiders disposed of 4,068 shares of company stock worth roughly $0.16 million over the past 1 year. A total of 81.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AGR stock. A new stake in Avangrid Inc. shares was purchased by AXA S.A. during the first quarter worth $5,589,000. HARVEST PORTFOLIOS GROUP INC. invested $3,436,000 in shares of AGR during the first quarter. In the first quarter, SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in Avangrid Inc. valued at approximately $3,410,000. SQUAREPOINT OPS LLC acquired a new stake in AGR for approximately $2,633,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in AGR valued at around $2,315,000 in the second quarter. In total, there are 442 active investors with 13.20% ownership of the company’s stock.
Avangrid Inc. (NYSE: AGR) opened at $38.90 on Wednesday. During the past 12 months, Avangrid Inc. has had a low of $37.64 and a high of $51.71. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 0.70, and a quick ratio of 0.60. The fifty day moving average price for AGR is $41.31 and a two-hundred day moving average price translates $44.02 for the stock.
The latest earnings results from Avangrid Inc. (NYSE: AGR) was released for Sep, 2022. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.31, missing analysts’ expectations of $0.34 by -0.03. This compares to $0.32 EPS in the same period last year. The net profit margin was 11.10% and return on equity was 4.60% for AGR. The company reported revenue of $2.16 billion for the quarter, compared to $1.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.64 percent. For the current quarter, analysts expect AGR to generate $1.85B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/03/2023. Investors who held shares on 03/01/2023 were paid a $0.44 dividend. On an annualized basis, this represents a $1.76 dividend and a 4.42% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend. In terms of dividend payout ratio, AGR is presently at 77.30%.
Avangrid Inc.(AGR) 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. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.8 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.
