Altshuler Shaham Ltd Invests $430,000 in Avangrid, Inc. (NYSE:AGR)

Altshuler Shaham Ltd purchased a new stake in shares of Avangrid, Inc. (NYSE:AGR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,260 shares of the utilities provider’s stock, valued at approximately $430,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC increased its position in Avangrid by 132.5% in the third quarter. Lindbrook Capital LLC now owns 1,258 shares of the utilities provider’s stock worth $38,000 after buying an additional 717 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of Avangrid during the 4th quarter valued at $41,000. GAMMA Investing LLC purchased a new stake in Avangrid in the 4th quarter worth $60,000. Clearstead Advisors LLC lifted its position in shares of Avangrid by 60.7% in the third quarter. Clearstead Advisors LLC now owns 3,178 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 1,200 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Avangrid by 37.1% in the third quarter. SG Americas Securities LLC now owns 3,639 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 985 shares during the period. 13.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on AGR shares. Janney Montgomery Scott restated a “sell” rating and issued a $35.00 price target on shares of Avangrid in a research note on Friday, March 8th. StockNews.com raised shares of Avangrid from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Avangrid from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.75.

Avangrid Stock Up 1.3 %

Avangrid stock traded up $0.48 during trading hours on Thursday, reaching $36.85. The stock had a trading volume of 614,013 shares, compared to its average volume of 892,355. Avangrid, Inc. has a 52 week low of $27.46 and a 52 week high of $41.22. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.74 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.50. The business’s 50 day moving average price is $35.81 and its 200-day moving average price is $33.00.

Avangrid (NYSE:AGR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18. Avangrid had a return on equity of 4.35% and a net margin of 10.80%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts anticipate that Avangrid, Inc. will post 2.23 EPS for the current year.

Avangrid Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.76 annualized dividend and a yield of 4.78%. Avangrid’s dividend payout ratio (DPR) is presently 76.19%.

Avangrid 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.