Media coverage about Avangrid (NYSE:AGR) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avangrid earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.2170863994349 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Avangrid Hits 80-Plus Relative Strength Rating Benchmark (finance.yahoo.com)
- Central Maine Power Clean Energy RFP Transmission Proposal Will Save Bay State Ratepayers More Than $600 Million in Construction Costs over Competing Proposals (finance.yahoo.com)
- United Illuminating Offers Holiday Safety & Energy Efficiency Tips (news.hamlethub.com)
- Avangrid, Inc. (AGR) Plans $0.43 Quarterly Dividend (americanbankingnews.com)
- Head To Head Comparison Avangrid AGR versus Black Hills BKH (itsforhome.com)
Several equities research analysts have recently issued reports on AGR shares. Bank of America started coverage on shares of Avangrid in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price for the company. Zacks Investment Research raised shares of Avangrid from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. J P Morgan Chase & Co lifted their price objective on shares of Avangrid from $43.00 to $47.00 and gave the stock an “underweight” rating in a research report on Thursday, October 12th. Finally, Wells Fargo & Company downgraded shares of Avangrid from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.50.
Avangrid (NYSE:AGR) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $1.32 billion. Avangrid had a net margin of 11.23% and a return on equity of 4.60%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. equities research analysts anticipate that Avangrid will post 2.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.432 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.31%. Avangrid’s dividend payout ratio (DPR) is presently 80.47%.
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Avangrid Company 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.
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