Avangrid (AGR) Stock Price, News & Analysis

4 Wall Street 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 analysts is that investors should "reduce" AGR shares.
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4 brokerages have issued 12 month target prices 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 year. This suggests that the stock has a possible downside of 3.6%.
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Avangrid's stock was trading at $32.41 at the beginning of 2024. Since then, AGR shares have increased by 11.2% and is now trading at $36.04.
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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 shares of the stock 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) released its earnings results on Thursday, February, 22nd. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.03. The utilities provider had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.40 billion. Avangrid had a trailing twelve-month return on equity of 3.92% and a net margin of 9.46%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share.

Avangrid declared a quarterly dividend on Thursday, April 11th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.44 per share on Monday, July 1st. This represents a $1.76 annualized dividend and a dividend yield of 4.88%. The ex-dividend date 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 issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share 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 -.

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 variety 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%), 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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