SG Americas Securities LLC Invests $257,000 in Avangrid Inc (NYSE:AGR)

SG Americas Securities LLC bought a new stake in Avangrid Inc (NYSE:AGR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,412 shares of the utilities provider’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of Avangrid by 20.1% in the second quarter. Parallel Advisors LLC now owns 3,265 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 546 shares during the period. US Bancorp DE raised its holdings in Avangrid by 59.4% in the second quarter. US Bancorp DE now owns 4,565 shares of the utilities provider’s stock valued at $201,000 after acquiring an additional 1,702 shares in the last quarter. McKinley Carter Wealth Services Inc. acquired a new stake in Avangrid in the third quarter valued at approximately $207,000. Joel Isaacson & Co. LLC acquired a new stake in Avangrid in the third quarter valued at approximately $212,000. Finally, Harrington Investments INC acquired a new stake in Avangrid in the third quarter valued at approximately $226,000. 13.83% of the stock is owned by hedge funds and other institutional investors.

Avangrid Inc (AGR) traded up $0.83 during trading hours on Thursday, hitting $48.82. The stock had a trading volume of 736,884 shares, compared to its average volume of 442,247. The firm has a market cap of $15,090.00 and a P/E ratio of 22.71. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.31. Avangrid Inc has a fifty-two week low of $37.42 and a fifty-two week high of $53.46.

Avangrid (NYSE:AGR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Avangrid had a net margin of 11.23% and a return on equity of 4.60%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. equities analysts forecast that Avangrid Inc will post 2.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were paid a dividend of $0.432 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, December 8th. Avangrid’s dividend payout ratio is currently 80.47%.

A number of analysts have weighed in on the stock. TheStreet upgraded shares of Avangrid from a “c” rating to a “b-” rating in a research report on Monday, December 18th. Bank of America began coverage on shares of Avangrid in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 target price on the stock. Goldman Sachs Group began coverage on shares of Avangrid in a research report on Wednesday. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Wells Fargo & Co lowered shares of Avangrid from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.63.

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Avangrid Profile

Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.

Institutional Ownership by Quarter for Avangrid (NYSE:AGR)

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