Avangrid Inc (NYSE:AGR) declared a quarterly dividend on Friday, April 21st. Shareholders of record on Friday, June 9th will be given a dividend of 0.432 per share by the utilities provider on Monday, July 3rd. This represents a $1.73 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Wednesday, June 7th.
Avangrid (NYSE:AGR) traded up 0.53% on Friday, reaching $43.77. 263,290 shares of the company’s stock were exchanged. The company has a market cap of $13.53 billion, a P/E ratio of 21.51 and a beta of 0.22. The firm has a 50 day moving average of $42.90 and a 200-day moving average of $39.86. Avangrid has a 12-month low of $35.42 and a 12-month high of $46.74.
Avangrid (NYSE:AGR) last issued its earnings results on Tuesday, February 21st. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. Avangrid had a net margin of 9.14% and a return on equity of 3.32%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. Equities analysts expect that Avangrid will post $2.21 EPS for the current fiscal year.
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A number of brokerages have recently commented on AGR. Zacks Investment Research downgraded shares of Avangrid from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. Evercore ISI downgraded shares of Avangrid from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research note on Thursday, February 23rd. Janney Montgomery Scott raised shares of Avangrid from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Tuesday, February 21st. Finally, Guggenheim raised shares of Avangrid from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a report on Tuesday, January 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $44.40.
In related news, insider James P. Torgerson sold 6,687 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $42.15, for a total transaction of $281,857.05. Following the completion of the sale, the insider now directly owns 108,009 shares of the company’s stock, valued at approximately $4,552,579.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders have purchased 610 shares of company stock valued at $24,988. Company insiders own 0.55% of the company’s stock.
Avangrid Company Profile
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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