Avangrid (NYSE:AGR) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of Avangrid (NYSE:AGR) in a report released on Thursday. The firm set a “hold” rating on the utilities provider’s stock.

Avangrid Trading Down 0.1 %

Shares of AGR stock opened at $35.50 on Thursday. Avangrid has a fifty-two week low of $27.46 and a fifty-two week high of $38.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.58. The stock has a 50 day simple moving average of $35.54 and a two-hundred day simple moving average of $34.57. The company has a market cap of $13.74 billion, a P/E ratio of 15.37, a PEG ratio of 2.67 and a beta of 0.55.

Avangrid (NYSE:AGR) last released its quarterly earnings data on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.72 billion. Avangrid had a net margin of 11.35% and a return on equity of 4.89%. Avangrid’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Research analysts forecast that Avangrid will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGR. Headlands Technologies LLC acquired a new position in shares of Avangrid during the first quarter valued at about $26,000. Bell Investment Advisors Inc raised its holdings in shares of Avangrid by 163.9% in the 1st quarter. Bell Investment Advisors Inc now owns 863 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 536 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Avangrid in the 1st quarter valued at about $36,000. Toronto Dominion Bank acquired a new position in Avangrid during the 1st quarter valued at about $41,000. Finally, Quent Capital LLC increased its holdings in Avangrid by 31.0% during the 1st quarter. Quent Capital LLC now owns 1,486 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 352 shares in the last quarter. Institutional investors own 13.12% of the company’s stock.

About Avangrid

Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.