Northern Trust Corp decreased its stake in shares of Avangrid, Inc. (NYSE:AGR) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 237,257 shares of the utilities provider’s stock after selling 6,451 shares during the quarter. Northern Trust Corp owned about 0.08% of Avangrid worth $10,475,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC boosted its stake in shares of Avangrid by 102.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,704 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 1,367 shares during the period. First Personal Financial Services boosted its stake in shares of Avangrid by 3.4% during the 2nd quarter. First Personal Financial Services now owns 2,862 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 94 shares during the period. Parallel Advisors LLC boosted its stake in shares of Avangrid by 20.1% during the 2nd quarter. Parallel Advisors LLC now owns 3,265 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 546 shares during the period. US Bancorp DE boosted its stake in shares of Avangrid by 59.4% during the 2nd quarter. US Bancorp DE now owns 4,565 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 1,702 shares during the period. Finally, Amalgamated Bank bought a new stake in Avangrid in the 2nd quarter valued at $243,000. 13.30% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. upgraded Avangrid from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Wells Fargo & Company downgraded Avangrid from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Bank of America Corporation assumed coverage on Avangrid in a research note on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price target for the company. upgraded Avangrid from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $43.50 to $46.50 in a research note on Monday, July 24th. Finally, J P Morgan Chase & Co boosted their price target on Avangrid from $43.00 to $47.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Avangrid has an average rating of “Hold” and a consensus target price of $47.50.
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Avangrid, Inc. (NYSE:AGR) opened at $52.56 on Wednesday. The firm has a market capitalization of $15,824.16, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. 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 $35.42 and a fifty-two week high of $52.65.
Avangrid (NYSE:AGR) last announced its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Avangrid had a return on equity of 4.60% and a net margin of 11.23%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. equities research analysts anticipate that Avangrid, Inc. will post 2.22 earnings per share for the current fiscal year.
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.
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