Avangrid (AGR) Earns Daily News Impact Rating of 0.12
Headlines about Avangrid (NYSE:AGR) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Avangrid earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.3457407460132 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Head to Head Contrast: Avangrid (AGR) vs. Ameren Corporation (AEE) (americanbankingnews.com)
- Islesboro, CMP sign agreement to move broadband project forward (waldo.villagesoup.com)
- Avangrid, Inc. – Value Analysis (NYSE:AGR) : August 4, 2017 (finance.yahoo.com)
- $1.35 Billion in Sales Expected for Avangrid, Inc. (AGR) This Quarter (americanbankingnews.com)
- Brokerages Anticipate Avangrid, Inc. (NYSE:AGR) to Announce $0.39 Earnings Per Share (americanbankingnews.com)
Shares of Avangrid (NYSE:AGR) traded up 0.11% during midday trading on Tuesday, hitting $46.88. The company’s stock had a trading volume of 267,023 shares. The firm has a market cap of $14.49 billion, a P/E ratio of 21.49 and a beta of 0.56. Avangrid has a 52-week low of $35.42 and a 52-week high of $47.09. The stock’s 50 day moving average is $45.10 and its 200-day moving average is $43.72.
Avangrid (NYSE:AGR) last released its quarterly earnings results on Wednesday, July 19th. The utilities provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.43 billion. Avangrid had a net margin of 11.25% and a return on equity of 4.52%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. Equities analysts predict that Avangrid will post $2.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.432 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.69%. Avangrid’s dividend payout ratio (DPR) is currently 79.36%.
A number of equities research analysts recently issued reports on the company. Evercore ISI raised Avangrid from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.50 to $46.50 in a research report on Monday, July 24th. Zacks Investment Research downgraded Avangrid from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.10.
Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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