Avangrid Inc. (NYSE:AGR) fell 2.7% on Friday . The company traded as low as $41.93 and last traded at $42.01, with a volume of 213,539 shares changing hands. The stock had previously closed at $43.18.

Separately, Zacks Investment Research downgraded Avangrid from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Avangrid currently has a consensus rating of “Hold” and an average target price of $41.00.

The stock has a market capitalization of $12.98 billion and a P/E ratio of 25.64. The company’s 50-day moving average price is $44.46 and its 200 day moving average price is $41.80.

Avangrid (NYSE:AGR) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by $0.11. On average, equities analysts predict that Avangrid Inc. will post $2.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.432 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.73 dividend on an annualized basis and a yield of 4.11%.

An institutional investor recently bought a new position in Avangrid stock. New York State Common Retirement Fund bought a new position in shares of Avangrid Inc. (NYSE:AGR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,900 shares of the company’s stock, valued at approximately $2,031,000.

Avangrid, Inc is a diversified energy and utility company with more than $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving approximately 3.1 million customers in New York and New England.

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