TheStreet upgraded shares of Avangrid (NYSE:AGR) from a c rating to a b- rating in a research report released on Monday.

Other equities research analysts have also issued research reports about the stock. Bank of America began coverage on shares of Avangrid in a report on Tuesday, October 24th. They issued a buy rating and a $52.00 target price for the company. Zacks Investment Research upgraded shares of Avangrid from a sell rating to a hold rating in a report on Thursday, October 26th. Wells Fargo & Company lowered shares of Avangrid from an outperform rating to a market perform rating in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co raised their target price on shares of Avangrid from $43.00 to $47.00 and gave the stock an underweight rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Avangrid presently has an average rating of Hold and an average target price of $47.50.

Avangrid (NYSE AGR) opened at $51.13 on Monday. Avangrid has a 12-month low of $37.19 and a 12-month high of $53.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. The company has a market cap of $16,018.83, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.55.

Avangrid (NYSE:AGR) last released its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Avangrid had a net margin of 11.23% and a return on equity of 4.60%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business earned $0.35 earnings per share. Avangrid’s quarterly revenue was down 5.4% compared to the same quarter last year. equities research analysts forecast that Avangrid will post 2.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a $0.432 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.73 annualized dividend and a dividend yield of 3.38%. Avangrid’s dividend payout ratio (DPR) is presently 80.47%.

Several institutional investors have recently added to or reduced their stakes in AGR. Ffcm LLC bought a new stake in shares of Avangrid in the 3rd quarter worth about $134,000. Parallel Advisors LLC lifted its holdings in shares of Avangrid by 20.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,265 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 546 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Avangrid by 59.4% in the 2nd quarter. US Bancorp DE now owns 4,565 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 1,702 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in shares of Avangrid in the 3rd quarter worth about $207,000. Finally, Joel Isaacson & Co. LLC bought a new stake in shares of Avangrid in the 3rd quarter worth about $212,000. Hedge funds and other institutional investors own 13.83% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Avangrid (AGR) Upgraded at TheStreet” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/avangrid-agr-upgraded-at-thestreet/1775377.html.

Avangrid Company Profile

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.

Analyst Recommendations for Avangrid (NYSE:AGR)

Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.