Avangrid Inc (NYSE:AGR) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $50.50.
Several analysts have commented on the company. Zacks Investment Research downgraded Avangrid from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. TheStreet upgraded Avangrid from a “c” rating to a “b-” rating in a research note on Monday, December 18th. Guggenheim set a $55.00 target price on Avangrid and gave the company a “buy” rating in a research note on Thursday, February 15th. Wells Fargo & Co reiterated a “market perform” rating and set a $51.00 target price (down from $54.00) on shares of Avangrid in a research note on Wednesday, February 21st. Finally, Bank of America reiterated a “buy” rating and set a $53.00 target price (up from $52.00) on shares of Avangrid in a research note on Thursday, February 22nd.
Shares of Avangrid (NYSE:AGR) opened at $49.08 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.69 and a quick ratio of 0.56. The firm has a market capitalization of $15,073.28, a P/E ratio of 39.90, a P/E/G ratio of 2.24 and a beta of 0.32. Avangrid has a 52 week low of $41.86 and a 52 week high of $53.46.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.432 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.73 annualized dividend and a yield of 3.52%. Avangrid’s dividend payout ratio is 140.65%.
Institutional investors and hedge funds have recently modified their holdings of the business. Ffcm LLC purchased a new position in shares of Avangrid in the 3rd quarter worth $134,000. Advisor Group Inc. boosted its stake in shares of Avangrid by 56.6% in the 4th quarter. Advisor Group Inc. now owns 3,071 shares of the utilities provider’s stock worth $154,000 after buying an additional 1,110 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Avangrid in the 4th quarter worth $166,000. Wealthstreet Investment Advisors LLC purchased a new position in shares of Avangrid in the 4th quarter worth $209,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Avangrid in the 4th quarter worth $213,000. Institutional investors and hedge funds own 14.29% of the company’s stock.
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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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