Avangrid (NYSE:AGR) Stock Rating Lowered by StockNews.com

Avangrid (NYSE:AGR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other equities analysts have also weighed in on AGR. TheStreet lowered shares of Avangrid from a “b-” rating to a “c” rating in a research report on Monday, August 28th. Mizuho decreased their target price on Avangrid from $39.00 to $37.00 in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.75.

Avangrid Price Performance

AGR stock opened at $31.84 on Friday. The stock’s 50 day moving average is $31.99 and its two-hundred day moving average is $35.88. Avangrid has a 52-week low of $27.46 and a 52-week high of $44.77. The company has a market capitalization of $12.31 billion, a PE ratio of 23.07, a P/E/G ratio of 3.49 and a beta of 0.47. The company has a quick ratio of 0.66, a current ratio of 0.78 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Avangrid

Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its stake in Avangrid by 480.5% in the 1st quarter. Global Retirement Partners LLC now owns 656 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 543 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Avangrid in the third quarter worth about $25,000. MetLife Investment Management LLC bought a new position in shares of Avangrid in the first quarter valued at approximately $53,000. Lindbrook Capital LLC grew its stake in Avangrid by 132.5% during the third quarter. Lindbrook Capital LLC now owns 1,258 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 717 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Avangrid by 34.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,301 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 330 shares during the period. Institutional investors and hedge funds own 12.93% of the company’s stock.

Avangrid Company Profile

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 in two segments: Networks and Renewables. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.