Avangrid Inc. (NYSE:AGR)’s share price traded down 1.9% during mid-day trading on Thursday . The stock traded as low as $45.31 and last traded at $45.47, with a volume of 254,728 shares traded. The stock had previously closed at $46.34.

Separately, Zacks Investment Research lowered Avangrid from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.00.

The firm has a market capitalization of $14.18 billion and a price-to-earnings ratio of 33.08. The firm has a 50-day moving average price of $43.63 and a 200 day moving average price of $40.27.

Avangrid (NYSE:AGR) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07. On average, equities research analysts forecast that Avangrid Inc. will post $2.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were given a $0.432 dividend. This represents a $1.73 annualized dividend and a yield of 3.77%. The ex-dividend date was Wednesday, June 8th.

In other news, insider R. Scott Mahoney purchased 1,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were acquired at an average price of $40.46 per share, with a total value of $40,460.00. Following the transaction, the insider now owns 40,461 shares of the company’s stock, valued at $1,637,052.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several institutional investors have recently bought and sold shares of AGR. Russell Frank Co purchased a new position in Avangrid during the fourth quarter worth about $1,124,000. State of Wisconsin Investment Board purchased a new position in Avangrid during the fourth quarter worth about $1,598,000. Wells Fargo & Company MN purchased a new position in Avangrid during the fourth quarter worth about $1,602,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Avangrid during the fourth quarter worth about $1,710,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Avangrid during the fourth quarter worth about $1,725,000.

Avangrid, Inc, formerly Iberdrola USA, Inc, is an energy services holding company. The Company, through its principal subsidiaries, Iberdrola USA Networks, Inc (Iberdrola Networks) and Iberdrola Renewables Holding, Inc (IRHI), is engaged in the regulated energy distribution, renewable energy generation (Renewables) and gas businesses (Gas), collectively (Renewables and Gas).

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