Avangrid (AGR) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" AGR shares.
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4 analysts have issued twelve-month price objectives for Avangrid's stock. Their AGR share price targets range from $34.00 to $35.00. On average, they expect the company's stock price to reach $34.75 in the next year. This suggests that the stock has a possible downside of 3.6%.
View analysts price targets for AGR or view top-rated stocks among Wall Street analysts.

Avangrid's stock was trading at $32.41 on January 1st, 2024. Since then, AGR shares have increased by 11.2% and is now trading at $36.04.
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Avangrid saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 3,820,000 shares, a decline of 10.3% from the February 29th total of 4,260,000 shares. Based on an average daily trading volume, of 926,700 shares, the days-to-cover ratio is currently 4.1 days. Approximately 5.6% of the company's shares are sold short.
View Avangrid's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our AGR earnings forecast.

Avangrid will be holding an earnings conference call on Wednesday, April 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Avangrid, Inc. (NYSE:AGR) posted its quarterly earnings results on Thursday, February, 22nd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The utilities provider earned $2.28 billion during the quarter, compared to analysts' expectations of $2.40 billion. Avangrid had a net margin of 9.46% and a trailing twelve-month return on equity of 3.92%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS.

Avangrid announced a quarterly dividend on Thursday, April 11th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.44 per share on Monday, July 1st. This represents a $1.76 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for AGR.

Avangrid (NYSE:AGR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.90%. AGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AGR will have a dividend payout ratio of 72.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AGR.

ETFs with the largest weight of Avangrid (NYSE:AGR) stock in their portfolio include Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), First Trust Utilities AlphaDEX Fund (FXU), SPDR S&P Kensho Clean Power ETF (CNRG), iShares Focused Value Factor ETF (FOVL), Global SuperDividend US ETF (DIV), Invesco Bloomberg Analyst Rating Improvers ETF (RYJ), Invesco Zacks Mid-Cap ETF (CZA) and Gabelli Love Our Planet & People ETF (LOPP).

Avangrid updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of 2.170-2.320 for the period, compared to the consensus estimate of 2.260. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avangrid investors own include AT&T (T), Casino, Guichard-Perrachon Societe Anonyme (COP), Input Capital (INP), Verizon Communications (VZ), Pfizer (PFE), AbbVie (ABBV), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Archer-Daniels-Midland (ADM) and Alibaba Group (BABA).

Avangrid's stock is owned by a number of institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.02%), Global Assets Advisory LLC (0.01%), Janiczek Wealth Management LLC (0.00%), DGS Capital Management LLC (0.00%), Romano Brothers AND Company (0.00%) and Hoxton Planning & Management LLC (0.00%). Insiders that own company stock include Alan D Solomont, Alan D Solomont and SA Iberdrola.
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Shares of AGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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