Avangrid Inc (NYSE:AGR) Director Alan D. Solomont bought 198 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were acquired at an average price of $50.64 per share, for a total transaction of $10,026.72. Following the transaction, the director now directly owns 3,664 shares in the company, valued at approximately $185,544.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AGR opened at $51.91 on Friday. The company has a market capitalization of $15.69 billion, a P/E ratio of 23.60, a PEG ratio of 2.57 and a beta of 0.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.67. Avangrid Inc has a 1-year low of $45.17 and a 1-year high of $54.55.

Avangrid (NYSE:AGR) last released its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.32 billion. Avangrid had a return on equity of 4.55% and a net margin of 6.29%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, equities research analysts forecast that Avangrid Inc will post 2.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, December 10th. Avangrid’s dividend payout ratio is currently 80.00%.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Avangrid from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. ValuEngine upgraded Avangrid from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup dropped their target price on Avangrid from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Co boosted their target price on Avangrid from $54.00 to $55.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Finally, TheStreet upgraded Avangrid from a “c+” rating to a “b” rating in a research report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.78.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd grew its holdings in shares of Avangrid by 275.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,663 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 1,954 shares during the period. Bank of Montreal Can grew its holdings in shares of Avangrid by 601.2% in the 2nd quarter. Bank of Montreal Can now owns 3,436 shares of the utilities provider’s stock worth $182,000 after acquiring an additional 2,946 shares during the period. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Avangrid in the 3rd quarter worth approximately $201,000. Capital Fund Management S.A. acquired a new stake in shares of Avangrid in the 2nd quarter worth approximately $312,000. Finally, Seven Eight Capital LP grew its holdings in shares of Avangrid by 42.7% in the 3rd quarter. Seven Eight Capital LP now owns 6,137 shares of the utilities provider’s stock worth $294,000 after acquiring an additional 1,837 shares during the period. Institutional investors and hedge funds own 14.20% of the company’s stock.

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Avangrid Company Profile

Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. The company also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.

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