Avangrid, Inc. (NYSE:AGR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Avangrid, Inc. (NYSE:AGR) by 743,566.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,310 shares of the utilities provider’s stock after acquiring an additional 22,307 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Avangrid were worth $793,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AGR. ING Groep NV acquired a new position in Avangrid during the 4th quarter valued at about $1,027,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Avangrid by 2,285.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 96,754 shares of the utilities provider’s stock worth $31,000 after buying an additional 92,698 shares during the period. International Assets Investment Management LLC bought a new position in Avangrid in the 4th quarter worth approximately $1,583,000. GSA Capital Partners LLP bought a new position in Avangrid in the 1st quarter worth approximately $1,598,000. Finally, Jump Financial LLC increased its position in Avangrid by 134.0% in the 4th quarter. Jump Financial LLC now owns 119,198 shares of the utilities provider’s stock valued at $3,863,000 after acquiring an additional 68,268 shares during the period. Institutional investors own 13.12% of the company’s stock.

Avangrid Price Performance

NYSE AGR opened at $35.68 on Thursday. Avangrid, Inc. has a 12 month low of $27.46 and a 12 month high of $37.70. The firm has a market capitalization of $13.80 billion, a PE ratio of 15.45, a P/E/G ratio of 2.66 and a beta of 0.55. The company’s 50 day simple moving average is $35.65 and its 200 day simple moving average is $35.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.52 and a quick ratio of 0.44.

Avangrid (NYSE:AGR) last issued its quarterly earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.22. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities research analysts forecast that Avangrid, Inc. will post 2.24 EPS for the current fiscal year.

Avangrid Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 2nd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.76 annualized dividend and a dividend yield of 4.93%. Avangrid’s dividend payout ratio (DPR) is 76.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Avangrid in a report on Tuesday. They set a “hold” rating on the stock.

About Avangrid

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.