Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Avangrid, Inc. (NYSE:AGR – Get Rating) by 17.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,767 shares of the utilities provider’s stock after acquiring an additional 8,872 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Avangrid were worth $2,756,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Avangrid by 1.9% in the first quarter. Vanguard Group Inc. now owns 7,367,079 shares of the utilities provider’s stock valued at $344,338,000 after purchasing an additional 138,243 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Avangrid by 8.4% during the 1st quarter. First Trust Advisors LP now owns 1,548,082 shares of the utilities provider’s stock worth $72,357,000 after buying an additional 119,518 shares during the period. State Street Corp boosted its holdings in shares of Avangrid by 18.5% during the 1st quarter. State Street Corp now owns 1,543,352 shares of the utilities provider’s stock worth $72,795,000 after buying an additional 241,016 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Avangrid by 10.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 543,815 shares of the utilities provider’s stock worth $25,418,000 after buying an additional 53,498 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Avangrid by 7,578.7% in the 2nd quarter. Mackenzie Financial Corp now owns 536,971 shares of the utilities provider’s stock worth $24,765,000 after purchasing an additional 529,978 shares in the last quarter. 12.49% of the stock is currently owned by institutional investors and hedge funds.
Avangrid Trading Up 1.5 %
AGR opened at $42.01 on Wednesday. Avangrid, Inc. has a fifty-two week low of $37.64 and a fifty-two week high of $52.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.74 and a quick ratio of 0.61. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 3.08 and a beta of 0.39. The company’s 50 day moving average price is $42.04 and its two-hundred day moving average price is $45.49.
Avangrid Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, November 30th. Avangrid’s dividend payout ratio is currently 75.86%.
Analysts Set New Price Targets
Several equities analysts have recently commented on AGR shares. KeyCorp dropped their target price on shares of Avangrid from $41.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, October 20th. StockNews.com lowered shares of Avangrid from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. TheStreet raised shares of Avangrid from a “c+” rating to a “b” rating in a report on Tuesday, August 9th. Wells Fargo & Company decreased their price target on shares of Avangrid from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 19th. Finally, Mizuho lifted their price target on shares of Avangrid from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.20.
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.
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