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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NYSE:AGR

Avangrid (AGR) Stock Price, News & Analysis

$36.25
+0.21 (+0.58%)
(As of 04/18/2024 ET)
Today's Range
$36.04
$36.40
50-Day Range
$30.02
$36.44
52-Week Range
$27.46
$41.22
Volume
584,618 shs
Average Volume
922,468 shs
Market Capitalization
$14.02 billion
P/E Ratio
17.86
Dividend Yield
4.86%
Price Target
$34.75

Avangrid MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
4.1% 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
0.32mentions of Avangrid in the last 14 days
Based on 9 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.

4.03 out of 5 stars

Utilities Sector

34th out of 90 stocks

Electric Services Industry

16th out of 39 stocks

AGR stock logo

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

AGR Stock News Headlines

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
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
Avangrid Schedules First Quarter 2024 Earnings
Iberdrola, S.A. (IBEN.MX)
Avangrid announces $0.44 quarterly dividend
Avangrid Declares Quarterly Dividend
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
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
4/18/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
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
-4.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$786 million
Pretax Margin
7.90%

Debt

Sales & Book Value

Annual Sales
$8.31 billion
Cash Flow
$5.16 per share
Book Value
$53.46 per share

Miscellaneous

Free Float
386,548,000
Market Cap
$14.02 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

AGR Stock Analysis - Frequently Asked Questions

Should I buy or sell Avangrid stock right now?

4 Wall Street research 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 research 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 analysts have issued 12 month target prices for Avangrid's stock. Their AGR share price targets range from $34.00 to $35.00. On average, they expect the company's share price to reach $34.75 in the next year. This suggests that the stock has a possible downside of 4.1%.
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 11.8% and is now trading at $36.24.
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 volume of 926,700 shares, the short-interest ratio is presently 4.1 days. Approximately 5.6% of the shares of the company 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) announced its quarterly earnings data 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 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 firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company 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. Investors 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 yield of 4.86%. The ex-dividend date 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 4.93%. 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 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 earnings per share (EPS) guidance of 2.170-2.320 for the period, compared to the consensus EPS estimate of 2.260. The company issued revenue guidance of -.

What other stocks do shareholders of Avangrid own?
Who are Avangrid's major shareholders?

Avangrid's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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 4/18/2024 by MarketBeat.com Staff

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