Avangrid, Inc. (NYSE:AGR) Shares Purchased by FCG Investment Co

FCG Investment Co lifted its stake in Avangrid, Inc. (NYSE:AGR) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,764 shares of the utilities provider’s stock after purchasing an additional 1,645 shares during the quarter. FCG Investment Co’s holdings in Avangrid were worth $815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in Avangrid during the first quarter worth $1,598,000. QRG Capital Management Inc. increased its stake in Avangrid by 225.0% during the second quarter. QRG Capital Management Inc. now owns 33,050 shares of the utilities provider’s stock worth $1,174,000 after acquiring an additional 22,880 shares during the last quarter. Natixis increased its stake in Avangrid by 3,122.3% during the first quarter. Natixis now owns 166,432 shares of the utilities provider’s stock worth $6,065,000 after acquiring an additional 161,267 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Avangrid during the first quarter worth $4,396,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Avangrid during the first quarter worth $4,504,000. Institutional investors and hedge funds own 13.12% of the company’s stock.

Avangrid Trading Down 0.1 %

AGR opened at $35.75 on Monday. Avangrid, Inc. has a 52 week low of $28.75 and a 52 week high of $37.70. The business has a fifty day simple moving average of $35.77 and a 200-day simple moving average of $35.85. The firm has a market cap of $13.83 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.49.

Avangrid (NYSE:AGR) last released its earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.22. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.04 billion. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. Avangrid’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. On average, equities analysts expect that Avangrid, Inc. will post 2.24 earnings per share for the current year.

Avangrid Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid’s payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Avangrid in a research report on Monday, October 21st. They set a “hold” rating for the company.

Avangrid Profile

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.