Avangrid, Inc. (NYSE:AGR) Shares Bought by Centiva Capital LP

Centiva Capital LP raised its position in Avangrid, Inc. (NYSE:AGR) by 28.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the utilities provider’s stock after purchasing an additional 22,113 shares during the quarter. Centiva Capital LP’s holdings in Avangrid were worth $3,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AGR. ClearAlpha Technologies LP raised its holdings in Avangrid by 54.9% in the third quarter. ClearAlpha Technologies LP now owns 135,420 shares of the utilities provider’s stock valued at $4,847,000 after buying an additional 48,012 shares during the period. Athos Capital Ltd increased its position in shares of Avangrid by 10.0% in the third quarter. Athos Capital Ltd now owns 110,000 shares of the utilities provider’s stock worth $3,937,000 after acquiring an additional 10,000 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Avangrid in the 3rd quarter valued at $553,000. Verition Fund Management LLC acquired a new position in shares of Avangrid during the 3rd quarter valued at $2,082,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Avangrid by 14.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,447 shares of the utilities provider’s stock worth $911,000 after purchasing an additional 3,137 shares during the period. 13.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Avangrid in a research report on Saturday. They issued a “hold” rating on the stock.

Avangrid Stock Down 0.1 %

Shares of NYSE:AGR opened at $36.10 on Monday. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.55. The company has a 50 day moving average of $35.82 and a two-hundred day moving average of $35.72. Avangrid, Inc. has a 52-week low of $29.71 and a 52-week high of $37.70. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Avangrid (NYSE:AGR) last announced its earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.22. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.04 billion. Avangrid had a net margin of 12.89% and a return on equity of 5.37%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, analysts forecast that Avangrid, Inc. will post 2.34 earnings per share for the current fiscal year.

Avangrid Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.44 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.88%. Avangrid’s dividend payout ratio is presently 60.48%.

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.