Avangrid, Inc. (NYSE:AGR) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in Avangrid, Inc. (NYSE:AGR) by 118.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,166 shares of the utilities provider’s stock after buying an additional 22,297 shares during the quarter. GSA Capital Partners LLP’s holdings in Avangrid were worth $1,473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its position in Avangrid by 2.1% during the first quarter. Gamco Investors INC. ET AL now owns 359,807 shares of the utilities provider’s stock worth $13,111,000 after purchasing an additional 7,370 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Avangrid by 34.7% during the 2nd quarter. Millennium Management LLC now owns 308,134 shares of the utilities provider’s stock worth $10,948,000 after buying an additional 79,463 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Avangrid by 26.1% in the 2nd quarter. Gabelli Funds LLC now owns 297,474 shares of the utilities provider’s stock worth $10,569,000 after buying an additional 61,574 shares during the period. Advisors Asset Management Inc. boosted its holdings in Avangrid by 14.0% in the first quarter. Advisors Asset Management Inc. now owns 262,918 shares of the utilities provider’s stock valued at $9,581,000 after acquiring an additional 32,223 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Avangrid by 26.9% in the second quarter. Bank of New York Mellon Corp now owns 256,980 shares of the utilities provider’s stock valued at $9,130,000 after acquiring an additional 54,469 shares during the last quarter. Institutional investors and hedge funds own 13.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Avangrid in a report on Thursday. They issued a “hold” rating on the stock.

Avangrid Stock Performance

Shares of AGR stock opened at $35.84 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.87 billion, a PE ratio of 12.32, a P/E/G ratio of 2.55 and a beta of 0.55. The company’s fifty day simple moving average is $35.73 and its 200-day simple moving average is $35.79. Avangrid, Inc. has a 52 week low of $29.71 and a 52 week high of $37.70.

Avangrid (NYSE:AGR) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.33 by $0.22. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The company 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 posted $0.27 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Avangrid, Inc. will post 2.34 EPS for the current year.

Avangrid Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid’s dividend payout ratio is presently 60.48%.

Avangrid Company 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.