Avangrid Inc (AGR) Director Elizabeth Timm Acquires 203 Shares
Avangrid Inc (NYSE:AGR) Director Elizabeth Timm bought 203 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were bought at an average price of $49.68 per share, with a total value of $10,085.04. Following the purchase, the director now owns 1,761 shares in the company, valued at approximately $87,486.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NYSE AGR traded up $0.49 during mid-day trading on Friday, reaching $50.42. 651,353 shares of the company were exchanged, compared to its average volume of 515,022. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 0.73. The stock has a market cap of $15.55 billion, a PE ratio of 22.88, a P/E/G ratio of 2.38 and a beta of 0.07. Avangrid Inc has a twelve month low of $45.17 and a twelve month high of $54.55.
Avangrid (NYSE:AGR) last posted its earnings results on Tuesday, July 24th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.07). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. Avangrid had a return on equity of 4.47% and a net margin of 6.07%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. analysts predict that Avangrid Inc will post 2.32 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd raised its stake in Avangrid by 275.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,663 shares of the utilities provider’s stock worth $141,000 after purchasing an additional 1,954 shares in the last quarter. Bank of Montreal Can raised its stake in Avangrid by 601.2% in the 2nd quarter. Bank of Montreal Can now owns 3,436 shares of the utilities provider’s stock worth $182,000 after purchasing an additional 2,946 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Avangrid in the 1st quarter worth about $180,000. TLP Group LLC acquired a new stake in Avangrid in the 1st quarter worth about $208,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in Avangrid in the 2nd quarter worth about $222,000. Institutional investors and hedge funds own 14.11% of the company’s stock.
A number of research firms have recently issued reports on AGR. Zacks Investment Research upgraded shares of Avangrid from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, June 27th. ValuEngine upgraded shares of Avangrid from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Wolfe Research cut shares of Avangrid from a “peer perform” rating to an “underperform” rating in a research note on Monday. Janney Montgomery Scott restated a “buy” rating and set a $55.00 target price on shares of Avangrid in a research note on Wednesday, April 25th. Finally, Evercore ISI cut shares of Avangrid from an “outperform” rating to an “in-line” rating and set a $53.00 target price for the company. in a research note on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.88.
Avangrid Company Profile
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. As of December 31, 2017, the company delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 1 million natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity.
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