6,900 Shares in Avangrid, Inc. (AGR) Purchased by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc acquired a new stake in Avangrid, Inc. (NYSE:AGR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,900 shares of the utilities provider’s stock, valued at approximately $327,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Avangrid in the 3rd quarter valued at approximately $257,000. Advisors Asset Management Inc. boosted its stake in shares of Avangrid by 12.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 47,896 shares of the utilities provider’s stock worth $2,271,000 after acquiring an additional 5,157 shares in the last quarter. Putnam FL Investment Management Co. purchased a new stake in shares of Avangrid during the 3rd quarter worth approximately $273,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Avangrid during the 3rd quarter worth approximately $599,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Avangrid by 1.4% during the 3rd quarter. New York State Common Retirement Fund now owns 337,059 shares of the utilities provider’s stock worth $15,983,000 after acquiring an additional 4,500 shares in the last quarter. 14.03% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on AGR shares. Zacks Investment Research lowered Avangrid from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Wells Fargo & Company lowered Avangrid from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co boosted their price target on Avangrid from $43.00 to $47.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Finally, Bank of America Corporation started coverage on Avangrid in a research note on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Avangrid presently has a consensus rating of “Hold” and an average target price of $47.50.
Shares of Avangrid, Inc. (NYSE AGR) traded up $0.04 during trading hours on Thursday, hitting $51.73. The stock had a trading volume of 271,700 shares, compared to its average volume of 454,652. The stock has a market cap of $15,972.48, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 2.81 and a beta of 0.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.69 and a quick ratio of 0.56. Avangrid, Inc. has a fifty-two week low of $35.42 and a fifty-two week high of $53.10.
Avangrid (NYSE:AGR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Avangrid had a return on equity of 4.60% and a net margin of 11.23%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. sell-side analysts expect that Avangrid, Inc. will post 2.22 EPS for the current year.
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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