Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in Avangrid, Inc. (NYSE:AGR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Avangrid, Inc. (NYSE:AGRFree Report) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,105 shares of the utilities provider’s stock after selling 1,847 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Avangrid were worth $3,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Cetera Advisor Networks LLC purchased a new position in Avangrid during the 1st quarter worth approximately $214,000. Citigroup Inc. raised its stake in Avangrid by 208.4% in the 1st quarter. Citigroup Inc. now owns 12,951 shares of the utilities provider’s stock valued at $605,000 after purchasing an additional 8,751 shares during the last quarter. Bank of Montreal Can raised its position in shares of Avangrid by 90.5% in the first quarter. Bank of Montreal Can now owns 21,626 shares of the utilities provider’s stock valued at $1,012,000 after buying an additional 10,271 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Avangrid in the 1st quarter worth approximately $53,000. Finally, Rhumbline Advisers grew its holdings in Avangrid by 4.6% in the 1st quarter. Rhumbline Advisers now owns 47,510 shares of the utilities provider’s stock valued at $2,221,000 after buying an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 12.93% of the company’s stock.

Avangrid Price Performance

Shares of NYSE AGR opened at $30.98 on Tuesday. The stock’s 50-day simple moving average is $31.96 and its 200-day simple moving average is $32.31. The firm has a market capitalization of $11.98 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 3.72 and a beta of 0.53. Avangrid, Inc. has a fifty-two week low of $27.46 and a fifty-two week high of $41.68. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 0.78.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho increased their price target on shares of Avangrid from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. StockNews.com lowered Avangrid from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.33.

View Our Latest Research Report on AGR

About Avangrid

(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 in two segments: Networks and Renewables. 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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