Elizabeth Timm Acquires 273 Shares of Avangrid Inc. (AGR) Stock
Avangrid Inc. (NYSE:AGR) Director Elizabeth Timm purchased 273 shares of the stock in a transaction dated Tuesday, November 15th. The shares were acquired at an average cost of $36.76 per share, for a total transaction of $10,035.48. Following the completion of the acquisition, the director now directly owns 273 shares of the company’s stock, valued at approximately $10,035.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Avangrid Inc. (NYSE:AGR) opened at 37.25 on Monday. The company has a 50 day moving average price of $39.01 and a 200-day moving average price of $42.11. The firm has a market cap of $11.51 billion and a price-to-earnings ratio of 21.45. Avangrid Inc. has a 52-week low of $32.45 and a 52-week high of $46.74.
Avangrid (NYSE:AGR) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.24. The business earned $1.42 billion during the quarter, compared to analyst estimates of $1.58 billion. Avangrid had a return on equity of 3.32% and a net margin of 9.14%. Avangrid’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Equities research analysts anticipate that Avangrid Inc. will post $1.98 EPS for the current year.
A number of research firms recently issued reports on AGR. Zacks Investment Research lowered Avangrid from a “hold” rating to a “sell” rating in a report on Friday, September 30th. JPMorgan Chase & Co. lowered Avangrid from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $44.00 to $41.00 in a report on Friday, September 23rd. Finally, Guggenheim began coverage on Avangrid in a report on Thursday, September 8th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Avangrid has an average rating of “Hold” and a consensus price target of $41.75.
Institutional investors have recently bought and sold shares of the company. Boston Common Asset Management LLC acquired a new position in Avangrid during the second quarter worth approximately $5,003,000. Eagle Asset Management Inc. raised its position in Avangrid by 0.8% in the second quarter. Eagle Asset Management Inc. now owns 52,194 shares of the company’s stock worth $2,404,000 after buying an additional 436 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Avangrid by 608.5% in the second quarter. Nisa Investment Advisors LLC now owns 75,100 shares of the company’s stock worth $3,459,000 after buying an additional 64,500 shares in the last quarter. Creative Planning raised its position in Avangrid by 0.4% in the second quarter. Creative Planning now owns 14,295 shares of the company’s stock worth $658,000 after buying an additional 52 shares in the last quarter. Finally, Robecosam AG raised its position in Avangrid by 28.8% in the first quarter. Robecosam AG now owns 239,500 shares of the company’s stock worth $9,647,000 after buying an additional 53,500 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors.
Avangrid Company Profile
Avangrid, Inc is a diversified energy and utility company with more than $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving approximately 3.1 million customers in New York and New England.
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