Avangrid, Inc. (NYSE:AGR) Position Boosted by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its position in Avangrid, Inc. (NYSE:AGR) by 32.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,836 shares of the utilities provider’s stock after buying an additional 10,772 shares during the quarter. Pathstone Holdings LLC’s holdings in Avangrid were worth $1,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Avangrid by 244.9% in the third quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock valued at $29,000 after buying an additional 573 shares during the last quarter. Eastern Bank bought a new stake in Avangrid in the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC lifted its position in Avangrid by 1,939.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,978 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 2,832 shares during the last quarter. LRI Investments LLC acquired a new position in Avangrid during the 1st quarter valued at about $132,000. Finally, CWM LLC grew its position in Avangrid by 41.2% in the 2nd quarter. CWM LLC now owns 4,537 shares of the utilities provider’s stock worth $161,000 after purchasing an additional 1,323 shares during the last quarter. 13.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Avangrid in a research note on Friday, November 22nd. They set a “hold” rating on the stock.

Avangrid Trading Down 0.1 %

Avangrid stock opened at $36.15 on Friday. The company has a 50 day moving average price of $35.81 and a 200 day moving average price of $35.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.51. Avangrid, Inc. has a 52 week low of $29.71 and a 52 week high of $37.70. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 2.57 and a beta of 0.55.

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

Avangrid Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 4.87%. Avangrid’s dividend payout ratio is currently 60.48%.

Avangrid Company 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.