Avangrid (NYSE:AGR) had its price target lowered by Citigroup from $59.00 to $57.00 in a report published on Tuesday. The firm currently has a buy rating on the utilities provider’s stock.

A number of other research analysts have also recently commented on the company. TheStreet upgraded Avangrid from a c+ rating to a b rating in a research note on Wednesday, November 14th. Zacks Investment Research upgraded Avangrid from a sell rating to a hold rating in a research note on Monday, October 29th. Goldman Sachs Group reiterated a neutral rating on shares of Avangrid in a research note on Monday, October 29th. Wells Fargo & Co increased their price target on Avangrid from $54.00 to $55.00 and gave the company a market perform rating in a research note on Monday, September 17th. Finally, Wolfe Research cut Avangrid from a peer perform rating to an underperform rating in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $53.78.

Shares of AGR opened at $52.08 on Tuesday. Avangrid has a 52 week low of $45.17 and a 52 week high of $54.55. The firm has a market capitalization of $16.01 billion, a PE ratio of 23.03, a PEG ratio of 2.62 and a beta of 0.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.67 and a quick ratio of 0.59.

Avangrid (NYSE:AGR) last announced its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $0.45 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. As a group, analysts expect that Avangrid will post 2.27 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Monday, December 10th. Avangrid’s dividend payout ratio is currently 80.00%.

A number of large investors have recently made changes to their positions in the stock. Capital Fund Management S.A. raised its position in Avangrid by 16.9% during the 3rd quarter. Capital Fund Management S.A. now owns 6,900 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 1,000 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Avangrid by 2.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 40,602 shares of the utilities provider’s stock worth $1,945,000 after purchasing an additional 1,122 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in Avangrid by 15.0% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 9,200 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 1,200 shares during the last quarter. Park Avenue Securities LLC raised its position in Avangrid by 10.1% during the 3rd quarter. Park Avenue Securities LLC now owns 14,874 shares of the utilities provider’s stock worth $708,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in Avangrid by 11.4% during the 2nd quarter. Alps Advisors Inc. now owns 13,685 shares of the utilities provider’s stock worth $724,000 after purchasing an additional 1,403 shares during the last quarter. 14.20% of the stock is owned by institutional investors and hedge funds.

Avangrid Company Profile

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. The company also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.

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Analyst Recommendations for Avangrid (NYSE:AGR)

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