Raymond James Financial Services Advisors Inc. Has $450,000 Holdings in Avangrid, Inc. (NYSE:AGR)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Avangrid, Inc. (NYSE:AGR) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,887 shares of the utilities provider’s stock after selling 2,629 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Avangrid were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Advisor Networks LLC acquired a new position in shares of Avangrid in the 1st quarter valued at about $214,000. Citigroup Inc. increased its holdings in shares of Avangrid by 208.4% in the 1st quarter. Citigroup Inc. now owns 12,951 shares of the utilities provider’s stock valued at $605,000 after purchasing an additional 8,751 shares during the period. Bank of Montreal Can grew its stake in shares of Avangrid by 90.5% in the 1st quarter. Bank of Montreal Can now owns 21,626 shares of the utilities provider’s stock valued at $1,012,000 after buying an additional 10,271 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Avangrid in the 1st quarter valued at approximately $53,000. Finally, Rhumbline Advisers grew its stake in shares of Avangrid by 4.6% in the 1st quarter. Rhumbline Advisers now owns 47,510 shares of the utilities provider’s stock valued at $2,221,000 after buying an additional 2,072 shares in the last quarter. Institutional investors and hedge funds own 13.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Mizuho boosted their price target on Avangrid from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. StockNews.com raised Avangrid from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Janney Montgomery Scott reissued a “sell” rating and issued a $35.00 price target on shares of Avangrid in a research note on Friday, March 8th. Finally, Wells Fargo & Company boosted their price target on Avangrid from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, Avangrid presently has an average rating of “Hold” and an average price target of $34.75.

Avangrid Stock Performance

Shares of NYSE AGR opened at $36.87 on Friday. The business has a fifty day simple moving average of $34.30 and a 200 day simple moving average of $32.41. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.68 and a beta of 0.56. Avangrid, Inc. has a one year low of $27.46 and a one year high of $41.22.

Avangrid (NYSE:AGR) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. Avangrid had a return on equity of 3.92% and a net margin of 9.46%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts expect that Avangrid, Inc. will post 2.25 EPS for the current year.

Avangrid Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.77%. Avangrid’s dividend payout ratio (DPR) is presently 86.70%.

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