Financial Contrast: Avangrid (AGR) & Its Competitors
Avangrid (NYSE: AGR) is one of 22 public companies in the “Multiline Utilities” industry, but how does it weigh in compared to its peers? We will compare Avangrid to related businesses based on the strength of its analyst recommendations, profitability, dividends, risk, institutional ownership, earnings and valuation.
Avangrid pays an annual dividend of $1.73 per share and has a dividend yield of 3.6%. Avangrid pays out 79.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Multiline Utilities” companies pay a dividend yield of 3.0% and pay out 71.1% of their earnings in the form of a dividend.
Institutional and Insider Ownership
13.2% of Avangrid shares are owned by institutional investors. Comparatively, 66.2% of shares of all “Multiline Utilities” companies are owned by institutional investors. 0.3% of Avangrid shares are owned by company insiders. Comparatively, 3.1% of shares of all “Multiline Utilities” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This table compares Avangrid and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of current recommendations and price targets for Avangrid and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Avangrid presently has a consensus target price of $46.38, indicating a potential downside of 2.94%. As a group, “Multiline Utilities” companies have a potential upside of 9.69%. Given Avangrid’s peers higher possible upside, analysts plainly believe Avangrid has less favorable growth aspects than its peers.
Volatility & Risk
Avangrid has a beta of 0.49, indicating that its share price is 51% less volatile than the S&P 500. Comparatively, Avangrid’s peers have a beta of 0.61, indicating that their average share price is 39% less volatile than the S&P 500.
Earnings & Valuation
This table compares Avangrid and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Avangrid||$6.00 billion||$1.94 billion||21.92|
|Avangrid Competitors||$7.70 billion||$2.04 billion||20.77|
Avangrid’s peers have higher revenue and earnings than Avangrid. Avangrid is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Avangrid peers beat Avangrid on 10 of the 15 factors compared.
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. The Renewables segment owns, develops, constructs and/or operates electricity generation, including renewable and thermal generators, and associated transmission facilities. The Renewables segment includes activities relating to renewable energy, mainly wind energy generation and trading related with such activities. The Gas segment operates a natural gas storage and natural gas trading business through its subsidiaries, Enstor, Inc. and Enstor Energy Services, LLC.
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