Research Analysts Set Expectations for Avangrid, Inc.’s FY2025 Earnings (NYSE:AGR)


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Avangrid, Inc. (NYSE:AGR) – Analysts at KeyCorp issued their FY2025 earnings estimates for Avangrid in a report issued on Tuesday, April 20th. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings per share of $2.86 for the year.

A number of other brokerages have also commented on AGR. Janney Montgomery Scott upgraded shares of Avangrid from a “neutral” rating to a “buy” rating and upped their price target for the company from $45.00 to $55.00 in a research note on Thursday, February 25th. Zacks Investment Research upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a research note on Friday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.20.

Avangrid stock opened at $52.06 on Thursday. The firm has a market capitalization of $16.11 billion, a PE ratio of 25.37, a P/E/G ratio of 4.35 and a beta of 0.21. The company’s 50-day moving average is $49.40 and its 200-day moving average is $48.24. Avangrid has a fifty-two week low of $38.78 and a fifty-two week high of $56.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.46 and a quick ratio of 0.40.

Avangrid (NYSE:AGR) last issued its quarterly earnings results on Monday, February 22nd. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Avangrid had a net margin of 10.19% and a return on equity of 4.20%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business earned $0.64 EPS. The company’s revenue was up 3.9% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Avangrid by 4.4% during the 4th quarter. BlackRock Inc. now owns 4,046,661 shares of the utilities provider’s stock worth $183,922,000 after acquiring an additional 170,556 shares during the period. Gamco Investors INC. ET AL lifted its stake in Avangrid by 2.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 397,468 shares of the utilities provider’s stock valued at $18,065,000 after purchasing an additional 10,164 shares during the last quarter. Creative Planning lifted its stake in Avangrid by 1.8% in the 4th quarter. Creative Planning now owns 13,792 shares of the utilities provider’s stock valued at $627,000 after purchasing an additional 247 shares during the last quarter. Bard Financial Services Inc. bought a new position in Avangrid in the 4th quarter valued at approximately $1,013,000. Finally, Tudor Investment Corp Et Al bought a new position in Avangrid in the 4th quarter valued at approximately $2,305,000. 13.74% of the stock is owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Friday, June 4th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, June 3rd. Avangrid’s dividend payout ratio (DPR) is presently 81.11%.

Avangrid Company Profile

Avangrid, Inc operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It 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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Earnings History and Estimates for Avangrid (NYSE:AGR)

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