Elizabeth Timm Acquires 201 Shares of Avangrid Inc (AGR) Stock
Avangrid Inc (NYSE:AGR) Director Elizabeth Timm acquired 201 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was bought at an average price of $49.82 per share, for a total transaction of $10,013.82. Following the completion of the acquisition, the director now owns 1,962 shares of the company’s stock, valued at $97,746.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
AGR stock opened at $50.51 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.67. Avangrid Inc has a 52 week low of $45.17 and a 52 week high of $54.55. The stock has a market capitalization of $15.64 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.56 and a beta of 0.14.
Avangrid (NYSE:AGR) last released its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Avangrid had a net margin of 6.29% and a return on equity of 4.55%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $0.40 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. On average, analysts predict that Avangrid Inc will post 2.27 EPS for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. ValuEngine downgraded shares of Avangrid from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. TheStreet upgraded shares of Avangrid from a “c+” rating to a “b” rating in a research note on Wednesday, November 14th. Wolfe Research downgraded shares of Avangrid from a “peer perform” rating to an “underperform” rating in a research note on Monday, August 13th. Finally, Evercore ISI downgraded shares of Avangrid from an “outperform” rating to an “in-line” rating and set a $53.00 price target on the stock. in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Avangrid currently has a consensus rating of “Hold” and an average price target of $53.89.
Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. As of December 31, 2017, the company delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 1 million natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity.
Recommended Story: Bond
Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.