Avangrid, Inc. (NYSE:AGR) Shares Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP lifted its holdings in shares of Avangrid, Inc. (NYSE:AGR) by 54.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,420 shares of the utilities provider’s stock after buying an additional 48,012 shares during the period. Avangrid accounts for approximately 1.3% of ClearAlpha Technologies LP’s holdings, making the stock its 17th biggest position. ClearAlpha Technologies LP’s holdings in Avangrid were worth $4,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Avangrid by 28.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 884,742 shares of the utilities provider’s stock worth $31,665,000 after acquiring an additional 197,841 shares during the period. Empower Advisory Group LLC increased its stake in shares of Avangrid by 0.5% in the third quarter. Empower Advisory Group LLC now owns 363,399 shares of the utilities provider’s stock valued at $13,006,000 after purchasing an additional 1,983 shares during the period. Millennium Management LLC raised its holdings in shares of Avangrid by 34.7% during the second quarter. Millennium Management LLC now owns 308,134 shares of the utilities provider’s stock valued at $10,948,000 after buying an additional 79,463 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Avangrid by 26.1% during the second quarter. Gabelli Funds LLC now owns 297,474 shares of the utilities provider’s stock valued at $10,569,000 after buying an additional 61,574 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Avangrid by 26.9% during the second quarter. Bank of New York Mellon Corp now owns 256,980 shares of the utilities provider’s stock worth $9,130,000 after buying an additional 54,469 shares during the period. Institutional investors and hedge funds own 13.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Avangrid in a research note on Saturday. They set a “hold” rating on the stock.

Avangrid Trading Down 0.1 %

Avangrid stock opened at $36.10 on Monday. Avangrid, Inc. has a 12-month low of $29.71 and a 12-month high of $37.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a market capitalization of $13.97 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.55. The firm has a 50 day simple moving average of $35.82 and a 200-day simple moving average of $35.72.

Avangrid (NYSE:AGR) last issued its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.22. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. As a group, equities research analysts expect that Avangrid, Inc. will post 2.34 EPS for the current fiscal year.

Avangrid Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.88%. Avangrid’s dividend payout ratio (DPR) is 60.48%.

Avangrid 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.