Fmr LLC Increases Holdings in Avangrid, Inc. (NYSE:AGR)

Fmr LLC raised its holdings in shares of Avangrid, Inc. (NYSE:AGR) by 14.9% during the third quarter, HoldingsChannel reports. The firm owned 14,456 shares of the utilities provider’s stock after purchasing an additional 1,875 shares during the period. Fmr LLC’s holdings in Avangrid were worth $517,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Avangrid by 244.9% during the third quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 573 shares in the last quarter. Eastern Bank acquired a new stake in Avangrid during the third quarter valued at $30,000. Venturi Wealth Management LLC grew its holdings in Avangrid by 1,939.7% in the third 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 period. CWM LLC increased its stake in shares of Avangrid by 28.3% during the third quarter. CWM LLC now owns 5,820 shares of the utilities provider’s stock worth $208,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Meeder Advisory Services Inc. purchased a new stake in shares of Avangrid during the second quarter worth approximately $216,000. 13.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Avangrid Price Performance

Shares of AGR opened at $35.49 on Thursday. Avangrid, Inc. has a 1-year low of $29.71 and a 1-year high of $37.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.44. The firm has a 50-day simple moving average of $35.77 and a two-hundred day simple moving average of $35.68. The stock has a market cap of $13.73 billion, a PE ratio of 12.20, a P/E/G ratio of 2.54 and a beta of 0.56.

Avangrid (NYSE:AGR) last posted its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Avangrid, Inc. will post 2.34 EPS for the current year.

Avangrid Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Monday, December 2nd. Avangrid’s dividend payout ratio (DPR) is presently 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.