Avangrid, Inc. (NYSE:AGR) Stock Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Avangrid, Inc. (NYSE:AGR) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,724 shares of the utilities provider’s stock after purchasing an additional 647 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Avangrid were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Natixis lifted its holdings in Avangrid by 3,122.3% during the 1st quarter. Natixis now owns 166,432 shares of the utilities provider’s stock worth $6,065,000 after buying an additional 161,267 shares during the last quarter. Versor Investments LP bought a new position in Avangrid during the second quarter worth $5,468,000. Marshall Wace LLP boosted its holdings in Avangrid by 973.5% in the second quarter. Marshall Wace LLP now owns 150,602 shares of the utilities provider’s stock worth $5,351,000 after purchasing an additional 136,573 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Avangrid during the first quarter valued at $4,504,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Avangrid during the first quarter worth $4,396,000. 13.12% of the stock is currently owned by institutional investors and hedge funds.

Avangrid Trading Up 0.6 %

NYSE:AGR opened at $35.91 on Friday. Avangrid, Inc. has a 12-month low of $29.33 and a 12-month high of $37.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.44. The business has a 50 day simple moving average of $35.72 and a 200 day simple moving average of $35.82. The firm has a market capitalization of $13.89 billion, a P/E ratio of 12.34, a P/E/G ratio of 2.53 and a beta of 0.55.

Avangrid (NYSE:AGR) last released its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.33 by $0.22. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.04 billion. Avangrid had a net margin of 12.89% and a return on equity of 5.37%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Equities research analysts predict that Avangrid, Inc. will post 2.34 EPS for the current year.

Avangrid Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.44 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.90%. Avangrid’s dividend payout ratio is presently 60.48%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Avangrid in a report on Wednesday. They issued a “hold” rating for the company.

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.