Securian Asset Management Inc lowered its stake in Avangrid Inc (NYSE:AGR) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,111 shares of the utilities provider’s stock after selling 18,900 shares during the quarter. Securian Asset Management Inc’s holdings in Avangrid were worth $1,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AGR. Robecosam AG raised its holdings in shares of Avangrid by 6.9% in the fourth quarter. Robecosam AG now owns 310,000 shares of the utilities provider’s stock worth $15,447,000 after buying an additional 20,000 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Avangrid by 12.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,900 shares of the utilities provider’s stock worth $496,000 after buying an additional 1,105 shares during the last quarter. Essex Savings Bank purchased a new position in shares of Avangrid in the fourth quarter worth $30,000. Signature Estate & Investment Advisors LLC raised its holdings in shares of Avangrid by 9.1% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 24,455 shares of the utilities provider’s stock worth $1,225,000 after buying an additional 2,036 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Avangrid by 2.2% in the fourth quarter. Rhumbline Advisers now owns 52,517 shares of the utilities provider’s stock worth $2,631,000 after buying an additional 1,137 shares during the last quarter. Institutional investors and hedge funds own 14.17% of the company’s stock.

A number of research firms have issued reports on AGR. Goldman Sachs Group cut shares of Avangrid from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Sunday, October 28th. Zacks Investment Research upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. TheStreet upgraded shares of Avangrid from a “c+” rating to a “b” rating in a research note on Wednesday, November 14th. Citigroup cut their price objective on shares of Avangrid from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, December 4th. Finally, ValuEngine upgraded shares of Avangrid from a “hold” rating to a “buy” rating in a research note on Wednesday, December 5th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Avangrid currently has an average rating of “Hold” and a consensus target price of $53.78.

NYSE:AGR opened at $50.51 on Monday. The firm has a market capitalization of $15.61 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.36 and a beta of 0.09. Avangrid Inc has a 1-year low of $45.81 and a 1-year high of $54.55. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33.

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About Avangrid

Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. The company also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.

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Institutional Ownership by Quarter for Avangrid (NYSE:AGR)

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