Blue Trust Inc. Boosts Stock Holdings in Avangrid, Inc. (NYSE:AGR)

Blue Trust Inc. boosted its stake in shares of Avangrid, Inc. (NYSE:AGR) by 244.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 807 shares of the utilities provider’s stock after purchasing an additional 573 shares during the period. Blue Trust Inc.’s holdings in Avangrid were worth $29,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AGR. Creative Planning increased its position in shares of Avangrid by 17.4% in the third quarter. Creative Planning now owns 37,986 shares of the utilities provider’s stock worth $1,360,000 after acquiring an additional 5,618 shares in the last quarter. CWM LLC increased its position in shares of Avangrid by 28.3% in the third quarter. CWM LLC now owns 5,820 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 1,283 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Avangrid in the third quarter worth $1,216,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Avangrid by 41.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 111,088 shares of the utilities provider’s stock worth $3,947,000 after acquiring an additional 32,570 shares in the last quarter. Finally, Water Island Capital LLC acquired a new stake in shares of Avangrid in the second quarter worth $1,204,000. Hedge funds and other institutional investors own 13.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Avangrid in a research report on Tuesday, October 29th. They issued a “hold” rating for the company.

Avangrid Price Performance

AGR opened at $35.59 on Friday. The company has a fifty day simple moving average of $35.75 and a 200 day simple moving average of $35.84. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.54 and a beta of 0.55. Avangrid, Inc. has a twelve month low of $29.33 and a twelve month high of $37.70. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52.

Avangrid (NYSE:AGR) last released its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.22. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.04 billion. Avangrid had a net margin of 12.89% and a return on equity of 5.37%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Equities research analysts expect that Avangrid, Inc. will post 2.34 EPS for the current fiscal year.

Avangrid Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid’s dividend payout ratio is currently 60.48%.

Avangrid Profile

Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.