Avangrid, Inc. (AGR) Director Elizabeth Timm Purchases 251 Shares
Avangrid, Inc. (NYSE:AGR) Director Elizabeth Timm bought 251 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was bought at an average price of $40.14 per share, with a total value of $10,075.14. Following the completion of the acquisition, the director now owns 473 shares in the company, valued at $18,986.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Avangrid, Inc. (NYSE:AGR) opened at 40.78 on Friday. The stock has a market capitalization of $12.60 billion, a PE ratio of 23.48 and a beta of 0.22. Avangrid, Inc. has a one year low of $35.42 and a one year high of $46.74. The firm has a 50-day moving average price of $38.93 and a 200 day moving average price of $39.86.
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AGR has been the subject of several analyst reports. Evercore ISI initiated coverage on Avangrid in a report on Monday, January 9th. They issued a “buy” rating and a $42.00 target price for the company. Zacks Investment Research cut Avangrid from a “hold” rating to a “sell” rating in a report on Thursday, January 19th. Guggenheim upgraded Avangrid from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, January 10th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Avangrid in a report on Wednesday, November 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.00.
Several hedge funds and other institutional investors have recently made changes to their positions in AGR. The Manufacturers Life Insurance Company acquired a new stake in Avangrid during the third quarter valued at approximately $36,150,000. Ecofin Ltd. boosted its stake in Avangrid by 352.1% in the second quarter. Ecofin Ltd. now owns 750,880 shares of the company’s stock valued at $34,586,000 after buying an additional 584,792 shares in the last quarter. FMR LLC boosted its stake in Avangrid by 12.4% in the fourth quarter. FMR LLC now owns 4,154,136 shares of the company’s stock valued at $157,359,000 after buying an additional 459,011 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Avangrid during the third quarter valued at approximately $8,356,000. Finally, Zimmer Partners LP acquired a new stake in Avangrid during the fourth quarter valued at approximately $7,478,000. Institutional investors own 12.61% of the company’s stock.
Avangrid, Inc is a diversified energy and utility company with more than $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving approximately 3.1 million customers in New York and New England.
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