Caxton Associates LP Makes New $507,000 Investment in Avangrid, Inc. (NYSE:AGR)

Caxton Associates LP bought a new position in shares of Avangrid, Inc. (NYSE:AGR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,260 shares of the utilities provider’s stock, valued at approximately $507,000.

Several other large investors also recently bought and sold shares of AGR. Clean Energy Transition LLP acquired a new stake in shares of Avangrid in the 4th quarter valued at $75,620,000. Norges Bank purchased a new stake in Avangrid during the 4th quarter worth about $30,303,000. Hsbc Holdings PLC boosted its position in shares of Avangrid by 65.1% during the 4th quarter. Hsbc Holdings PLC now owns 373,093 shares of the utilities provider’s stock worth $12,088,000 after acquiring an additional 147,108 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Avangrid by 2.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 359,807 shares of the utilities provider’s stock worth $13,111,000 after acquiring an additional 7,370 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Avangrid by 26.1% during the second quarter. Gabelli Funds LLC now owns 297,474 shares of the utilities provider’s stock worth $10,569,000 after purchasing an additional 61,574 shares during the last quarter. Hedge funds and other institutional investors own 13.12% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Avangrid in a report on Friday. They set a “hold” rating on the stock.

Avangrid Stock Up 0.0 %

Shares of NYSE AGR opened at $35.76 on Friday. The business has a 50-day moving average price of $35.76 and a 200 day moving average price of $35.87. The stock has a market cap of $13.84 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 2.67 and a beta of 0.55. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.49. Avangrid, Inc. has a 52-week low of $27.46 and a 52-week high of $37.70.

Avangrid (NYSE:AGR) last announced its earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. Avangrid had a net margin of 11.35% and a return on equity of 4.87%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Equities research analysts forecast that Avangrid, Inc. will post 2.24 earnings per share for the current year.

Avangrid Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 2nd will be issued a $0.44 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.92%. 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.