Renaissance Technologies LLC Purchases 111,500 Shares of Avangrid, Inc. (NYSE:AGR)

Renaissance Technologies LLC raised its position in Avangrid, Inc. (NYSE:AGR) by 466.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,400 shares of the utilities provider’s stock after buying an additional 111,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Avangrid were worth $4,811,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC increased its stake in Avangrid by 31.0% in the 1st quarter. Quent Capital LLC now owns 1,486 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 352 shares during the last quarter. Signaturefd LLC boosted its holdings in Avangrid by 2.6% during the 2nd quarter. Signaturefd LLC now owns 16,011 shares of the utilities provider’s stock valued at $569,000 after acquiring an additional 399 shares during the period. Royal London Asset Management Ltd. boosted its holdings in Avangrid by 1.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 28,005 shares of the utilities provider’s stock valued at $995,000 after acquiring an additional 471 shares during the period. Van ECK Associates Corp lifted its holdings in Avangrid by 2.8% in the 2nd quarter. Van ECK Associates Corp now owns 18,305 shares of the utilities provider’s stock worth $650,000 after buying an additional 499 shares during the period. Finally, Bell Investment Advisors Inc lifted its holdings in Avangrid by 163.9% in the 1st quarter. Bell Investment Advisors Inc now owns 863 shares of the utilities provider’s stock worth $31,000 after buying an additional 536 shares during the period. 13.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Avangrid Trading Up 0.0 %

AGR opened at $35.76 on Friday. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 2.67 and a beta of 0.55. The stock’s 50 day moving average price is $35.76 and its 200-day moving average price is $35.87. Avangrid, Inc. has a one year low of $27.46 and a one year high of $37.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.44 and a current ratio of 0.52.

Avangrid (NYSE:AGR) last announced its quarterly earnings data on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. Avangrid’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, equities analysts forecast that Avangrid, Inc. will post 2.24 EPS for the current year.

Avangrid Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be paid a $0.44 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 4.92%. Avangrid’s dividend payout ratio (DPR) is 76.19%.

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.