Avangrid Inc (AGR) Position Lifted by SG Americas Securities LLC
SG Americas Securities LLC lifted its position in shares of Avangrid Inc (NYSE:AGR) by 278.5% during the fourth quarter, HoldingsChannel reports. The firm owned 20,485 shares of the utilities provider’s stock after acquiring an additional 15,073 shares during the period. SG Americas Securities LLC’s holdings in Avangrid were worth $1,036,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ffcm LLC bought a new stake in Avangrid in the third quarter worth about $134,000. State of Alaska Department of Revenue bought a new stake in Avangrid in the fourth quarter worth about $166,000. McKinley Carter Wealth Services Inc. bought a new stake in Avangrid in the third quarter worth about $207,000. Joel Isaacson & Co. LLC bought a new stake in Avangrid in the third quarter worth about $212,000. Finally, Harrington Investments INC bought a new stake in Avangrid in the third quarter worth about $226,000. 14.06% of the stock is currently owned by institutional investors.
Several analysts have commented on the stock. Wells Fargo & Co lowered shares of Avangrid from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Avangrid from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. TheStreet raised shares of Avangrid from a “c” rating to a “b-” rating in a research report on Monday, December 18th. Bank of America assumed coverage on shares of Avangrid in a research report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, Goldman Sachs Group assumed coverage on shares of Avangrid in a research report on Wednesday, January 10th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $48.63.
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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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