Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Avangrid (AGR) Share Price
Media stories about Avangrid (NYSE:AGR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avangrid earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.6405458308542 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Avangrid (AGR) opened at 48.32 on Wednesday. The firm has a 50 day moving average of $46.77 and a 200-day moving average of $44.62. Avangrid has a 12-month low of $35.42 and a 12-month high of $49.04. The stock has a market cap of $14.93 billion, a PE ratio of 22.15 and a beta of 0.51.
Avangrid (NYSE:AGR) last issued its quarterly earnings data on Wednesday, July 19th. The utilities provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.43 billion. Avangrid had a net margin of 11.25% and a return on equity of 4.52%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, analysts expect that Avangrid will post $2.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.432 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.73 annualized dividend and a dividend yield of 3.58%. Avangrid’s dividend payout ratio is presently 79.36%.
AGR has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Avangrid from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Evercore ISI raised shares of Avangrid from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $43.50 to $46.50 in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Avangrid currently has an average rating of “Buy” and a consensus price target of $46.10.
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.
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