Avangrid (NYSE:AGR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Avangrid (NYSE:AGR) in a research report report published on Saturday morning. The firm issued a hold rating on the utilities provider’s stock.

Avangrid Stock Performance

Shares of NYSE AGR opened at $36.02 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Avangrid has a 12 month low of $29.71 and a 12 month high of $37.70. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 2.54 and a beta of 0.56. The business has a fifty day simple moving average of $35.92 and a 200-day simple moving average of $35.80.

Institutional Trading of Avangrid

Several large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Avangrid in the third quarter worth $25,000. Blue Trust Inc. increased its stake in Avangrid by 244.9% in the 3rd quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock valued at $29,000 after buying an additional 573 shares during the period. Eastern Bank purchased a new stake in Avangrid in the 3rd quarter worth approximately $30,000. Quarry LP purchased a new stake in Avangrid in the 3rd quarter worth approximately $47,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Avangrid by 1,939.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,978 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 2,832 shares in the last quarter. 13.12% of the stock is owned by institutional investors and hedge funds.

Avangrid Company Profile

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.