Nisa Investment Advisors LLC Has $194,000 Holdings in Avangrid, Inc. (NYSE:AGR)

Nisa Investment Advisors LLC cut its stake in shares of Avangrid, Inc. (NYSE:AGR) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the utilities provider’s stock after selling 2,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Avangrid were worth $194,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AGR. Geneos Wealth Management Inc. acquired a new stake in shares of Avangrid in the third quarter valued at approximately $25,000. Global Retirement Partners LLC raised its position in shares of Avangrid by 41.7% in the third quarter. Global Retirement Partners LLC now owns 1,230 shares of the utilities provider’s stock valued at $36,000 after buying an additional 362 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Avangrid by 132.5% in the third quarter. Lindbrook Capital LLC now owns 1,258 shares of the utilities provider’s stock valued at $38,000 after buying an additional 717 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Avangrid in the fourth quarter valued at approximately $41,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Avangrid in the first quarter valued at approximately $53,000. 13.12% of the stock is currently owned by institutional investors and hedge funds.

Avangrid Stock Performance

NYSE AGR opened at $36.88 on Friday. The firm’s fifty day moving average price is $34.30 and its two-hundred day moving average price is $32.39. The stock has a market cap of $14.26 billion, a PE ratio of 18.17, a PEG ratio of 2.67 and a beta of 0.56. Avangrid, Inc. has a fifty-two week low of $27.46 and a fifty-two week high of $41.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 0.65.

Avangrid (NYSE:AGR) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Avangrid had a net margin of 9.46% and a return on equity of 3.92%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, equities analysts expect that Avangrid, Inc. will post 2.25 EPS for the current fiscal year.

Avangrid Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.76 annualized dividend and a dividend yield of 4.77%. Avangrid’s dividend payout ratio is 86.70%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AGR. Mizuho lifted their price target on shares of Avangrid from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. StockNews.com upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Janney Montgomery Scott restated a “sell” rating and set a $35.00 price objective on shares of Avangrid in a research report on Friday, March 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Avangrid from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Avangrid has an average rating of “Hold” and a consensus price target of $34.75.

Avangrid Company 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.