Should I buy or sell Avangrid stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AGR shares. View AGR analyst ratings or view top-rated stocks .

What is Avangrid's stock price target for 2024?

4 brokers have issued twelve-month price objectives for Avangrid's shares. Their AGR share price targets range from $34.00 to $35.00. On average, they anticipate the company's stock price to reach $34.75 in the next twelve months. This suggests that the stock has a possible downside of 5.7%. View analysts price targets for AGR or view top-rated stocks among Wall Street analysts .

How have AGR shares performed in 2024?

Avangrid's stock was trading at $32.41 at the start of the year. Since then, AGR shares have increased by 13.8% and is now trading at $36.87. View the best growth stocks for 2024 here .

Are investors shorting Avangrid?

Avangrid saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 3,820,000 shares, a decrease 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 presently 4.1 days. Approximately 5.6% of the company's stock are sold short. View Avangrid's Short Interest .

When is Avangrid's next earnings date?

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

How can I listen to Avangrid's earnings call?

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 .

How were Avangrid's earnings last quarter?

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

How often does Avangrid pay dividends? What is the dividend yield for Avangrid?

Avangrid announced a quarterly dividend on Thursday, April 11th. Shareholders 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 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Friday, May 31st. Read our dividend analysis for AGR .

Is Avangrid a good dividend stock?

Avangrid (NYSE:AGR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.86%. 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 .

What ETFs hold Avangrid's stock?

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) , iShares Global Clean Energy ETF (ICLN) and Global X Alternative Income ETF (ALTY) .

What guidance has Avangrid issued on next quarter's earnings?

Avangrid issued an update on 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 earnings per share estimate of 2.260. The company issued revenue guidance of -.

What other stocks do shareholders of Avangrid own?

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) .

Who are Avangrid's major shareholders?

Avangrid's stock is owned by a number of retail and institutional 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%), Everett Harris & Co. CA (0.00%) and Romano Brothers AND Company (0.00%). Insiders that own company stock include Alan D Solomont, Alan D Solomont and SA Iberdrola. View institutional ownership trends .

How do I buy shares of Avangrid?

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. Compare Top Brokerages Here .

NYSE:AGR

Avangrid (AGR) Stock Price, News & Analysis

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Free AGR Stock Alerts

$36.87

+0.63 (+1.74%)

(As of 04/19/2024 ET)

Compare

Today's Range: $36.23
▼
$36.88
50-Day Range: $30.23
▼
$36.88
52-Week Range: $27.46
▼
$41.22

Volume: 1.37 million shs
Average Volume: 744,580 shs
Market Capitalization: $14.26 billion

P/E Ratio: 18.16
Dividend Yield: 4.77%
Price Target: $34.75

Get Avangrid alerts:

Avangrid MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.75 Rating Score
Upside/Downside: 5.7% Downside
$34.75 Price Target
Short Interest: Healthy
4.96% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.80
Upright™ Environmental Score
News Sentiment: 0.25
Based on 7 Articles This Week
Insider Trading: Acquiring Shares
$15,058 Bought Last Quarter
Proj. Earnings Growth: 7.56%
From $2.25 to $2.42 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.05 out of 5 stars

Utilities Sector

32nd out of 89 stocks

Electric Services Industry

17th out of 38 stocks

0.9

Analyst's Opinion

Consensus Rating
Avangrid has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Avangrid has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.96% of the float of Avangrid has been sold short.
Short Interest Ratio / Days to Cover
Avangrid has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Avangrid has recently decreased by 10.99%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Avangrid is a leading dividend payer. It pays a dividend yield of 4.86%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Avangrid does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Avangrid is 86.70%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Avangrid will have a dividend payout ratio of 72.73% next year. This indicates that Avangrid will be able to sustain or increase its dividend.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avangrid has received a 18.83% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Main electricity grid operation services", and "Local electricity grid operation services" products. See details.
Environmental Sustainability
The Environmental Impact score for Avangrid is -2.80.

2.4

News and Social Media Coverage

News Sentiment
Avangrid has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Avangrid this week, compared to 6 articles on an average week.
MarketBeat Follows
3 people have added Avangrid to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Avangrid insiders have bought more of their company's stock than they have sold. Specifically, they have bought $15,058.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of Avangrid is held by insiders.
Percentage Held by Institutions
Only 13.12% of the stock of Avangrid is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Avangrid are expected to grow by 7.56% in the coming year, from $2.25 to $2.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avangrid is 18.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avangrid is 18.16, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 79.61.
Price to Earnings Growth Ratio
Avangrid has a PEG Ratio of 2.68. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Avangrid has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Avangrid Stock (NYSE:AGR)

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. In addition, the company operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. Further, it delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities, as well as generates and provides power and other services to federal and state agencies, institutional retail, and joint action agencies. Additionally, the company delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 9.3 gigawatts of electricity capacity primarily through wind power in 22 states. Avangrid, Inc. was incorporated in 1997 and is headquartered in Orange, Connecticut. The company operates as a subsidiary of Iberdrola, S.A.

AGR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AGR Stock News Headlines

March 27, 2024 | marketbeat.com

Massachusetts, Rhode Island and Connecticut receive proposals for offshore wind projects

Massachusetts, Rhode Island and Connecticut have received proposals for offshore wind projects as the three East Coast states hope to boost their reliance on the renewable energy source

April 19, 2024 | businesswire.com

Avangrid Thanks Southern Connecticut Gas Employee for 51 Years of Service

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 18, 2024 | businesswire.com

Avangrid Launches Lineworker Recruitment Efforts to Mark Lineworker Appreciation Day

April 17, 2024 | businesswire.com

Avangrid Receives Final Shipment of Solar Panels at True North Solar Project in Texas, a Key Step Toward On-Time Construction

April 16, 2024 | businesswire.com

Avangrid Schedules First Quarter 2024 Earnings

April 16, 2024 | finance.yahoo.com

Iberdrola, S.A. (IBEN.MX)

April 13, 2024 | investing.com

Avangrid announces $0.44 quarterly dividend

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 11, 2024 | businesswire.com

Avangrid Declares Quarterly Dividend

April 10, 2024 | finance.yahoo.com

Avangrid, Inc. (AGR) Interactive Stock Chart - Yahoo Finance

April 10, 2024 | americanbankingnews.com

Avangrid, Inc. (NYSE:AGR) Receives Consensus Recommendation of "Reduce" from Brokerages

April 9, 2024 | finance.yahoo.com

Construction Begins at Avangrid’s First California Solar Farm

April 9, 2024 | businesswire.com

Construction Begins at Avangrid's First California Solar Farm

April 9, 2024 | businesswire.com

Avangrid Recognized for Job Quality Performance by JUST Capital

April 8, 2024 | businesswire.com

Avangrid and Statkraft Establish U.S. Relationship with Virtual Power Purchase Agreement (VPPA)

April 6, 2024 | finance.yahoo.com

Avangrid Statement on Gas Subsidiaries’ Response to 4.8 Magnitude Earthquake

April 5, 2024 | businesswire.com

Avangrid Dispatches UI Crews, Resources to Assist Restoration Efforts in Maine

April 4, 2024 | businesswire.com

Vineyard Wind Named Climate Change Project of the Year by Environmental Business Council of New England

April 2, 2024 | msn.com

U.S. Approves Major Massachusetts Offshore Wind Project

April 2, 2024 | bizjournals.com

Avangrid's New England Wind gets green light from feds

April 2, 2024 | seekingalpha.com

Avangrid's New England offshore wind project latest to win Biden OK

April 2, 2024 | businesswire.com

Avangrid Receives Federal Record of Decision for New England Wind

April 2, 2024 | msn.com

Biden administration approves eighth US offshore wind project

March 28, 2024 | finance.yahoo.com

Ørsted, Avangrid and two others submit bids to first-ever 3-state offshore wind solicitation

March 27, 2024 | businesswire.com

Avangrid Submits Multiple Proposals for Transformative New England Wind Projects to Regional Offshore Wind Solicitation

March 26, 2024 | businesswire.com

Avangrid Foundation Celebrates National Reading Month

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 4/1 Dividend: 2/29/2024
Dividend Payable: 4/01/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/23/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Utilities
Industry: Electric services
Sub-Industry: N/A
Current Symbol: NYSE:AGR
CUSIP: N/A
CIK: 1634997
Web: www.avangrid.com
Phone: (207) 629-1190
Fax: N/A
Employees: 7,999
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $34.75
High Stock Price Target: $35.00
Low Stock Price Target: $34.00
Potential Upside/Downside: -5.8%
Consensus Rating: Reduce
Rating Score (0-4): 1.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.03
Trailing P/E Ratio: 18.17
Forward P/E Ratio: 16.39
P/E Growth: 2.67
Net Income: $786 million
Net Margins: 9.46%
Pretax Margin: 7.90%
Return on Equity: 3.92%
Return on Assets: 1.90%

Debt

Debt-to-Equity Ratio: 0.48
Current Ratio: 0.65
Quick Ratio: 0.56

Sales & Book Value

Annual Sales: $8.31 billion
Price / Sales: 1.72
Cash Flow: $5.20 per share
Price / Cash Flow: 7.09
Book Value: $53.46 per share
Price / Book: 0.69

Miscellaneous

Outstanding Shares: 386,780,000
Free Float: 386,548,000
Market Cap: $14.26 billion
Optionable: Optionable
Beta: 0.56

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Key Executives

Mr. Pedro Azagra Blazquez (Age 56)
CEO & Director
Comp: $2.23M
Mr. R. Scott Mahoney (Age 58)
Senior VP, General Counsel & Company Secretary
Comp: $1.13M
Ms. Catherine S. Stempien (Age 54)
President & CEO of Avangrid Networks, Inc.
Comp: $1.56M
Mr. Jose Antonio Miranda Soto (Age 52)
President & CEO of Avangrid Renewables, LLC
Comp: $1.04M
Mr. Justin B. Lagasse (Age 36)
CFO, Senior VP & Controller
Ms. Charlotte Ancel
Vice President of Investor Relations
German Gonzalez Avecilla
VP & Chief Compliance Officer
Ms. Kimberly A. Harriman (Age 51)
Senior Vice President of State Government Affairs & Corporate Communications
Mr. Ignacio Estella (Age 54)
Senior Vice President of Corporate Development
Ms. Kyra Patterson
VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AGR Stock Analysis - Frequently Asked Questions

Should I buy or sell Avangrid stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avangrid in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" AGR shares.
View AGR analyst ratings or view top-rated stocks.
What is Avangrid's stock price target for 2024?: 4 brokers have issued twelve-month price objectives for Avangrid's shares. Their AGR share price targets range from $34.00 to $35.00. On average, they anticipate the company's stock price to reach $34.75 in the next twelve months. This suggests that the stock has a possible downside of 5.7%.
View analysts price targets for AGR or view top-rated stocks among Wall Street analysts.
How have AGR shares performed in 2024?: Avangrid's stock was trading at $32.41 at the start of the year. Since then, AGR shares have increased by 13.8% and is now trading at $36.87.
View the best growth stocks for 2024 here.
Are investors shorting Avangrid?: Avangrid saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 3,820,000 shares, a decrease 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 presently 4.1 days. Approximately 5.6% of the company's stock are sold short.
View Avangrid's Short Interest.
When is Avangrid's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our AGR earnings forecast.
How can I listen to Avangrid's earnings call?: 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.
How were Avangrid's earnings last quarter?: Avangrid, Inc. (NYSE:AGR) issued its quarterly earnings data on Thursday, February, 22nd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. The utilities provider had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.40 billion. Avangrid had a trailing twelve-month return on equity of 3.92% and a net margin of 9.46%. Avangrid's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS.
How often does Avangrid pay dividends? What is the dividend yield for Avangrid?: Avangrid announced a quarterly dividend on Thursday, April 11th. Shareholders 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 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for AGR.

Is Avangrid a good dividend stock?: Avangrid (NYSE:AGR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.86%. 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.
What ETFs hold Avangrid's stock?: 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), iShares Global Clean Energy ETF (ICLN) and Global X Alternative Income ETF (ALTY).
What guidance has Avangrid issued on next quarter's earnings?: Avangrid issued an update on 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 earnings per share estimate of 2.260. The company issued revenue guidance of -.
What other stocks do shareholders of Avangrid own?: 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).
Who are Avangrid's major shareholders?: Avangrid's stock is owned by a number of retail and institutional 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%), Everett Harris & Co. CA (0.00%) and Romano Brothers AND Company (0.00%). Insiders that own company stock include Alan D Solomont, Alan D Solomont and SA Iberdrola.
View institutional ownership trends.
How do I buy shares of Avangrid?: 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.
Compare Top Brokerages Here.

This page (NYSE:AGR) was last updated on 4/20/2024 by MarketBeat.com Staff

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