Avangrid (NYSE:AGR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Avangrid (NYSE:AGR) in a research note issued on Friday. The firm set a “hold” rating on the utilities provider’s stock.

Avangrid Stock Up 0.0 %

Shares of AGR opened at $35.76 on Friday. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 2.67 and a beta of 0.55. Avangrid has a 52 week low of $27.46 and a 52 week high of $37.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.44 and a current ratio of 0.52. The stock has a fifty day moving average of $35.76 and a 200-day moving average of $35.87.

Avangrid (NYSE:AGR) last announced its quarterly earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Avangrid will post 2.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGR. Headlands Technologies LLC bought a new stake in shares of Avangrid in the 1st quarter valued at about $26,000. Bell Investment Advisors Inc lifted its stake in shares of Avangrid by 163.9% in the first quarter. Bell Investment Advisors Inc now owns 863 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 536 shares during the period. Central Pacific Bank Trust Division bought a new stake in Avangrid in the first quarter valued at approximately $36,000. Toronto Dominion Bank acquired a new stake in Avangrid during the 1st quarter valued at approximately $41,000. Finally, Quent Capital LLC raised its holdings in Avangrid by 31.0% during the 1st quarter. Quent Capital LLC now owns 1,486 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 352 shares during the last quarter. 13.12% of the stock is owned by institutional investors.

About Avangrid

Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.