GSA Capital Partners LLP Sells 33,584 Shares of Avangrid, Inc. (AGR)
GSA Capital Partners LLP cut its holdings in shares of Avangrid, Inc. (NYSE:AGR) by 38.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,606 shares of the utilities provider’s stock after selling 33,584 shares during the period. GSA Capital Partners LLP’s holdings in Avangrid were worth $2,367,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of AGR. US Bancorp DE increased its stake in Avangrid by 106.3% during the first quarter. US Bancorp DE now owns 2,863 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 1,475 shares during the period. Proficio Capital Partners LLC increased its stake in Avangrid by 102.2% during the second quarter. Proficio Capital Partners LLC now owns 2,704 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 1,367 shares during the period. First Personal Financial Services increased its stake in Avangrid by 3.4% during the second quarter. First Personal Financial Services now owns 2,862 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 94 shares during the period. Parallel Advisors LLC increased its stake in shares of Avangrid by 20.1% during the second quarter. Parallel Advisors LLC now owns 3,265 shares of the utilities provider’s stock worth $148,000 after buying an additional 546 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Avangrid during the first quarter worth approximately $227,000. Institutional investors own 13.22% of the company’s stock.
Avangrid, Inc. (AGR) traded up 0.2792% during mid-day trading on Thursday, hitting $46.6198. 17,354 shares of the company were exchanged. The firm has a 50 day moving average price of $47.46 and a 200 day moving average price of $44.92. Avangrid, Inc. has a 12 month low of $35.42 and a 12 month high of $49.04. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 21.3754 and a beta of 0.51.
Avangrid (NYSE:AGR) last released its quarterly earnings results on Wednesday, July 19th. The utilities provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.43 billion. Avangrid had a return on equity of 4.52% and a net margin of 11.25%. Avangrid’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Analysts anticipate that Avangrid, Inc. will post $2.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a dividend of $0.432 per share. This represents a $1.73 annualized dividend and a yield of 3.72%. The ex-dividend date is Thursday, September 7th. Avangrid’s dividend payout ratio (DPR) is presently 79.36%.
A number of research firms recently weighed in on AGR. Zacks Investment Research lowered shares of Avangrid from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Evercore ISI upgraded shares of Avangrid from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $43.50 to $46.50 in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.10.
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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