Avangrid, Inc. (AGR) Shares Bought by Robecosam AG
Robecosam AG boosted its stake in shares of Avangrid, Inc. (NYSE:AGR) by 30.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,000 shares of the utilities provider’s stock after purchasing an additional 30,000 shares during the period. Robecosam AG’s holdings in Avangrid were worth $5,758,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in AGR. Russell Investments Group Ltd. grew its position in Avangrid by 241.2% during the first quarter. Russell Investments Group Ltd. now owns 8,093 shares of the utilities provider’s stock valued at $345,000 after purchasing an additional 5,721 shares in the last quarter. US Bancorp DE grew its position in Avangrid by 106.3% during the first quarter. US Bancorp DE now owns 2,863 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 1,475 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Avangrid by 151.0% during the first quarter. UBS Asset Management Americas Inc. now owns 27,403 shares of the utilities provider’s stock valued at $1,171,000 after purchasing an additional 16,485 shares in the last quarter. Ameriprise Financial Inc. grew its position in Avangrid by 66.5% during the first quarter. Ameriprise Financial Inc. now owns 28,055 shares of the utilities provider’s stock valued at $1,199,000 after purchasing an additional 11,208 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Avangrid by 59.0% during the first quarter. Parametric Portfolio Associates LLC now owns 134,927 shares of the utilities provider’s stock valued at $5,767,000 after purchasing an additional 50,049 shares in the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.
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A number of brokerages recently commented on AGR. J P Morgan Chase & Co boosted their price objective on shares of Avangrid from $43.00 to $47.00 and gave the company an “underweight” rating in a research report on Thursday. Evercore ISI raised shares of Avangrid from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $43.50 to $46.50 in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Avangrid has an average rating of “Buy” and an average price target of $46.38.
Avangrid, Inc. (NYSE AGR) traded down 0.37% during mid-day trading on Friday, reaching $48.21. 65,546 shares of the company’s stock were exchanged. Avangrid, Inc. has a 52-week low of $35.42 and a 52-week high of $49.04. The company has a market cap of $14.90 billion, a PE ratio of 22.10 and a beta of 0.48. The stock has a 50-day moving average price of $47.77 and a 200 day moving average price of $45.49.
Avangrid (NYSE:AGR) last issued its quarterly earnings results on Wednesday, July 19th. The utilities provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Avangrid had a net margin of 11.25% and a return on equity of 4.52%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. Equities analysts predict that Avangrid, Inc. will post $2.23 earnings per share for the current fiscal year.
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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