Avangrid Inc (AGR) Director Elizabeth Timm Buys 210 Shares
Avangrid Inc (NYSE:AGR) Director Elizabeth Timm bought 210 shares of the stock in a transaction on Thursday, February 15th. The shares were acquired at an average cost of $48.70 per share, with a total value of $10,227.00. Following the purchase, the director now owns 1,366 shares of the company’s stock, valued at approximately $66,524.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Avangrid Inc (NYSE AGR) opened at $48.81 on Thursday. The firm has a market capitalization of $15,320.48, a PE ratio of 39.68, a PEG ratio of 2.48 and a beta of 0.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. Avangrid Inc has a twelve month low of $41.61 and a twelve month high of $53.46.
Avangrid (NYSE:AGR) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Avangrid had a return on equity of 4.47% and a net margin of 6.39%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. research analysts anticipate that Avangrid Inc will post 2.4 EPS for the current year.
Several research analysts have commented on the company. Bank of America reissued a “buy” rating and set a $53.00 target price on shares of Avangrid in a research note on Thursday. Guggenheim set a $55.00 target price on Avangrid and gave the stock a “buy” rating in a research note on Thursday, February 15th. Wells Fargo & Co lowered their target price on Avangrid from $54.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday. Goldman Sachs Group assumed coverage on Avangrid in a research note on Wednesday, January 10th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised Avangrid from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.50.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Avangrid by 3.4% during the fourth quarter. BlackRock Inc. now owns 2,108,792 shares of the utilities provider’s stock worth $106,661,000 after purchasing an additional 69,806 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Avangrid during the fourth quarter worth about $41,350,000. State Street Corp grew its holdings in shares of Avangrid by 2.7% during the second quarter. State Street Corp now owns 723,255 shares of the utilities provider’s stock worth $31,934,000 after purchasing an additional 19,047 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Avangrid by 2.5% during the fourth quarter. Wells Fargo & Company MN now owns 706,799 shares of the utilities provider’s stock worth $35,749,000 after purchasing an additional 17,415 shares during the last quarter. Finally, Electron Capital Partners LLC grew its holdings in shares of Avangrid by 47.6% during the fourth quarter. Electron Capital Partners LLC now owns 681,513 shares of the utilities provider’s stock worth $34,471,000 after purchasing an additional 219,904 shares during the last quarter. Institutional investors own 13.76% 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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