Cwm LLC Sells 1,078 Shares of Avangrid, Inc. (NYSE:AGR)

Cwm LLC trimmed its position in Avangrid, Inc. (NYSE:AGR) by 22.6% during the 4th quarter, HoldingsChannel reports. The firm owned 3,687 shares of the utilities provider’s stock after selling 1,078 shares during the quarter. Cwm LLC’s holdings in Avangrid were worth $119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Avangrid by 179.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 157,984 shares of the utilities provider’s stock valued at $5,120,000 after buying an additional 101,543 shares in the last quarter. John G Ullman & Associates Inc. raised its position in Avangrid by 0.9% during the third quarter. John G Ullman & Associates Inc. now owns 81,110 shares of the utilities provider’s stock valued at $2,447,000 after purchasing an additional 750 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Avangrid by 10.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 411,508 shares of the utilities provider’s stock worth $12,415,000 after purchasing an additional 39,937 shares during the period. Hsbc Holdings PLC increased its position in shares of Avangrid by 1.4% during the 3rd quarter. Hsbc Holdings PLC now owns 225,985 shares of the utilities provider’s stock valued at $6,818,000 after purchasing an additional 3,172 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in Avangrid by 38.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 121,668 shares of the utilities provider’s stock valued at $3,671,000 after buying an additional 33,528 shares during the period. 13.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com raised shares of Avangrid from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Company lifted their price target on shares of Avangrid from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Finally, Janney Montgomery Scott reissued a “sell” rating and issued a $35.00 price objective on shares of Avangrid in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.75.

Avangrid Stock Up 0.5 %

NYSE:AGR opened at $36.80 on Tuesday. The stock has a fifty day simple moving average of $35.49 and a 200-day simple moving average of $32.90. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55. Avangrid, Inc. has a twelve month low of $27.46 and a twelve month high of $41.22.

Avangrid (NYSE:AGR) last announced its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.54 billion. Avangrid had a net margin of 10.80% and a return on equity of 4.35%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Analysts anticipate that Avangrid, Inc. will post 2.23 EPS for the current year.

Avangrid Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.44 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.78%. Avangrid’s payout ratio is 76.19%.

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.