Creative Planning Increases Holdings in Avangrid, Inc. (NYSE:AGR)

Creative Planning increased its stake in Avangrid, Inc. (NYSE:AGRFree Report) by 17.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 37,986 shares of the utilities provider’s stock after buying an additional 5,618 shares during the quarter. Creative Planning’s holdings in Avangrid were worth $1,360,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AGR. GSA Capital Partners LLP purchased a new position in Avangrid in the 1st quarter valued at approximately $1,598,000. QRG Capital Management Inc. grew its holdings in Avangrid by 225.0% during the 2nd quarter. QRG Capital Management Inc. now owns 33,050 shares of the utilities provider’s stock valued at $1,174,000 after buying an additional 22,880 shares in the last quarter. Natixis grew its stake in Avangrid by 3,122.3% during the first quarter. Natixis now owns 166,432 shares of the utilities provider’s stock valued at $6,065,000 after acquiring an additional 161,267 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Avangrid during the 1st quarter worth approximately $4,396,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Avangrid in the 1st quarter valued at $4,504,000. Institutional investors own 13.12% of the company’s stock.

Avangrid Price Performance

Shares of Avangrid stock opened at $35.70 on Thursday. The stock has a market capitalization of $13.81 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. Avangrid, Inc. has a one year low of $29.14 and a one year high of $37.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.52 and a quick ratio of 0.44. The business’s 50 day simple moving average is $35.76 and its two-hundred day simple moving average is $35.85.

Avangrid (NYSE:AGRGet Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.22. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company earned $0.27 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Avangrid, Inc. will post 2.24 EPS for the current year.

Avangrid Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid’s payout ratio is currently 76.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Avangrid in a report on Tuesday. They set a “hold” rating for the company.

Check Out Our Latest Analysis on Avangrid

Avangrid Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Avangrid (NYSE:AGR)

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