Avangrid, Inc. (AGR) Receives $46.38 Consensus PT from Analysts
Avangrid, Inc. (NYSE:AGR) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $46.38.
A number of equities research analysts have recently weighed in on AGR shares. Evercore ISI upgraded shares of Avangrid from an “in-line” rating to an “outperform” rating and raised their price target for the company from $43.50 to $46.50 in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Avangrid from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co raised their price target on shares of Avangrid from $43.00 to $47.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th.
Shares of Avangrid (AGR) traded up 0.15% during trading on Friday, reaching $48.18. 336,305 shares of the company traded hands. Avangrid has a 12 month low of $35.42 and a 12 month high of $49.04. The company has a 50-day moving average of $47.73 and a 200-day moving average of $45.56. The stock has a market capitalization of $14.89 billion, a PE ratio of 22.09 and a beta of 0.48.
Avangrid (NYSE:AGR) last announced its quarterly earnings data on Wednesday, July 19th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.33 earnings per share. Analysts forecast that Avangrid will post $2.22 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of AGR. Russell Investments Group Ltd. boosted its stake in shares of Avangrid by 241.2% in the 1st 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 boosted its stake in shares of Avangrid by 106.3% in the 1st 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. boosted its stake in shares of Avangrid by 151.0% in the 1st 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. boosted its stake in shares of Avangrid by 66.5% in the 1st 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 boosted its stake in shares of Avangrid by 59.0% in the 1st 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. Institutional investors own 13.22% of the company’s stock.
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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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