MML Investors Services LLC Sells 10,181 Shares of Avangrid, Inc. (NYSE:AGR)

MML Investors Services LLC reduced its position in shares of Avangrid, Inc. (NYSE:AGR) by 60.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,750 shares of the utilities provider’s stock after selling 10,181 shares during the quarter. MML Investors Services LLC’s holdings in Avangrid were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Avangrid by 28.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 884,742 shares of the utilities provider’s stock valued at $31,665,000 after purchasing an additional 197,841 shares during the period. Versor Investments LP acquired a new stake in shares of Avangrid in the second quarter valued at approximately $5,468,000. Marshall Wace LLP boosted its stake in shares of Avangrid by 973.5% in the second quarter. Marshall Wace LLP now owns 150,602 shares of the utilities provider’s stock valued at $5,351,000 after buying an additional 136,573 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Avangrid by 466.5% in the second quarter. Renaissance Technologies LLC now owns 135,400 shares of the utilities provider’s stock valued at $4,811,000 after buying an additional 111,500 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Avangrid by 353.0% during the third quarter. BNP Paribas Financial Markets now owns 110,163 shares of the utilities provider’s stock worth $3,943,000 after buying an additional 85,847 shares in the last quarter. 13.12% of the stock is currently owned by institutional investors.

Avangrid Stock Performance

NYSE AGR opened at $36.02 on Friday. The firm’s 50 day simple moving average is $35.80 and its 200 day simple moving average is $35.69. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 2.54 and a beta of 0.56. 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, Inc. has a 1 year low of $29.71 and a 1 year high of $37.70.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Avangrid in a report on Tuesday. They issued a “hold” rating for the company.

About Avangrid

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.