Long Run Wealth Advisors LLC lifted its holdings in Avangrid, Inc. (NYSE:AGR – Get Rating) by 10.1% in the 2nd quarter, Holdings Channel reports. The firm owned 22,832 shares of the utilities provider's stock after acquiring an additional 2,095 shares during the period. Long Run Wealth Advisors LLC's holdings in Avangrid were worth $1,053,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. First Pacific Financial grew its holdings in shares of Avangrid by 2.4% in the first quarter. First Pacific Financial now owns 11,186 shares of the utilities provider's stock worth $523,000 after acquiring an additional 266 shares during the period. Cetera Investment Advisers boosted its stake in shares of Avangrid by 1.9% in the first quarter. Cetera Investment Advisers now owns 15,024 shares of the utilities provider's stock worth $702,000 after acquiring an additional 276 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Avangrid by 15.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,162 shares of the utilities provider's stock worth $101,000 after buying an additional 296 shares in the last quarter. Flputnam Investment Management Co. lifted its position in shares of Avangrid by 4.6% in the fourth quarter. Flputnam Investment Management Co. now owns 7,112 shares of the utilities provider's stock worth $355,000 after buying an additional 315 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Avangrid by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 21,036 shares of the utilities provider's stock worth $983,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 12.49% of the company's stock.
Get Avangrid alerts:Analyst Upgrades and Downgrades
A number of research firms recently commented on AGR. Barclays decreased their target price on Avangrid from $51.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Monday, July 18th. Mizuho boosted their target price on Avangrid from $42.00 to $47.00 and gave the stock an "underperform" rating in a research report on Monday, September 12th. KeyCorp upped their price objective on Avangrid from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Friday, September 23rd. TheStreet upgraded Avangrid from a "c+" rating to a "b" rating in a research report on Tuesday, August 9th. Finally, StockNews.com downgraded Avangrid from a "buy" rating to a "hold" rating in a research report on Monday, September 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $49.00.
Avangrid Stock Up 1.5 %
Shares of AGR traded up $0.65 during midday trading on Wednesday, hitting $44.33. 19,210 shares of the company's stock traded hands, compared to its average volume of 914,301. Avangrid, Inc. has a 1 year low of $42.20 and a 1 year high of $53.95. The firm's fifty day moving average is $48.88 and its 200-day moving average is $47.11. The company has a current ratio of 0.89, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 3.31 and a beta of 0.34.Avangrid (NYSE:AGR – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The utilities provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.33 by $0.13. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.60 billion. Avangrid had a return on equity of 4.65% and a net margin of 12.12%. During the same quarter in the prior year, the business posted $0.35 EPS. As a group, sell-side analysts anticipate that Avangrid, Inc. will post 2.27 earnings per share for the current year.
Avangrid Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $1.76 dividend on an annualized basis and a yield of 3.97%. Avangrid's dividend payout ratio (DPR) is 75.21%.
Avangrid Profile
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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.
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