Avangrid, Inc. (NYSE:AGR) Shares Bought by Harrington Investments INC

Harrington Investments INC grew its holdings in shares of Avangrid, Inc. (NYSE:AGR – Get Rating) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,070 shares of the utilities provider’s stock after buying an additional 500 shares during the quarter. Harrington Investments INC’s holdings in Avangrid were worth $1,120,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Money Concepts Capital Corp acquired a new position in Avangrid during the third quarter worth about $31,000. Hexagon Capital Partners LLC grew its holdings in Avangrid by 687.6% during the third quarter. Hexagon Capital Partners LLC now owns 827 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 722 shares during the period. CoreCap Advisors LLC acquired a new position in Avangrid during the second quarter worth about $35,000. Wahed Invest LLC acquired a new position in Avangrid during the second quarter worth about $35,000. Finally, Quadrant Capital Group LLC grew its holdings in Avangrid by 196.6% during the second quarter. Quadrant Capital Group LLC now owns 869 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 576 shares during the period. 11.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on AGR shares. KeyCorp lifted their target price on Avangrid from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Tuesday, January 17th. Wells Fargo & Company lowered their target price on Avangrid from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, February 23rd. Finally, StockNews.com started coverage on Avangrid in a research report on Thursday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.00.

Avangrid Trading Down 0.6 %

Shares of NYSE:AGR traded down $0.23 during midday trading on Friday, reaching $39.55. The company had a trading volume of 1,096,762 shares, compared to its average volume of 640,453. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.73. Avangrid, Inc. has a 1-year low of $37.64 and a 1-year high of $51.71. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. The company has a fifty day simple moving average of $41.11 and a two-hundred day simple moving average of $42.42.

Avangrid (NYSE:AGR – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The utilities provider reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Avangrid had a return on equity of 4.45% and a net margin of 11.12%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company posted $0.44 EPS. Research analysts predict that Avangrid, Inc. will post 2.25 earnings per share for the current year.

Avangrid Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.44 per share. The ex-dividend date is Tuesday, February 28th. This represents a $1.76 dividend on an annualized basis and a yield of 4.45%. Avangrid’s payout ratio is presently 77.19%.

Avangrid Company Profile

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Avangrid, Inc engages in the energy transmission and gas distribution. It operates through the following segments: Networks, Renewables, and Other. The Networks segment includes energy transmission and distribution, electric transmission, and gas distribution activities. The Renewables segment relates to renewable energy, mainly wind energy generation and trading related to such activities.