Avangrid (AGR) Getting Somewhat Favorable Press Coverage, Study Shows
Press coverage about Avangrid (NYSE:AGR) has trended somewhat positive on Saturday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Avangrid earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.3417355992093 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Derby Residents Can Upgrade To New LED Bulbs (patch.com)
- United Illuminating : Avangrid Foundation Announces Scholarship Recipients (4-traders.com)
- Avangrid, Inc. breached its 50 day moving average in a Bearish Manner : AGR-US : September 21, 2017 (finance.yahoo.com)
- Analyzing Avangrid (AGR) and Its Peers (americanbankingnews.com)
- Southern Connecticut Gas Company — Moody’s places Southern Connecticut Gas ratings on review for upgrade (finance.yahoo.com)
Shares of Avangrid (NYSE:AGR) opened at 46.50 on Friday. Avangrid has a one year low of $35.42 and a one year high of $49.04. The stock’s 50 day moving average price is $47.46 and its 200 day moving average price is $44.92. The stock has a market capitalization of $14.37 billion, a PE ratio of 21.32 and a beta of 0.51.
Avangrid (NYSE:AGR) last released its earnings results on Wednesday, July 19th. The utilities provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.43 billion. Avangrid had a return on equity of 4.52% and a net margin of 11.25%. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. Equities research analysts predict that Avangrid will post $2.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.432 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.73 annualized dividend and a dividend yield of 3.72%. Avangrid’s dividend payout ratio (DPR) is presently 79.36%.
Several brokerages have recently issued reports on AGR. Evercore ISI raised Avangrid from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $43.50 to $46.50 in a report on Monday, July 24th. Zacks Investment Research cut Avangrid from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Avangrid currently has an average rating of “Buy” and a consensus target price of $46.10.
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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