43,858 Shares in Avangrid, Inc. (NYSE:AGR) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Avangrid, Inc. (NYSE:AGR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 43,858 shares of the utilities provider’s stock, valued at approximately $1,598,000.

A number of other institutional investors have also recently added to or reduced their stakes in AGR. Royal London Asset Management Ltd. boosted its holdings in Avangrid by 3.5% during the third quarter. Royal London Asset Management Ltd. now owns 27,090 shares of the utilities provider’s stock worth $817,000 after buying an additional 915 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in Avangrid during the third quarter worth about $275,000. Citigroup Inc. boosted its holdings in Avangrid by 3.5% during the third quarter. Citigroup Inc. now owns 9,791 shares of the utilities provider’s stock worth $295,000 after buying an additional 334 shares in the last quarter. Polianta Ltd purchased a new stake in Avangrid during the fourth quarter worth about $888,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Avangrid in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 13.12% of the company’s stock.

Avangrid Price Performance

Shares of NYSE AGR traded down $0.07 on Wednesday, hitting $35.26. The company’s stock had a trading volume of 450,642 shares, compared to its average volume of 880,045. Avangrid, Inc. has a 12-month low of $27.46 and a 12-month high of $39.13. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.50. The stock has a 50 day moving average of $35.89 and a 200-day moving average of $34.36.

Avangrid (NYSE:AGR) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. Avangrid had a net margin of 10.80% and a return on equity of 4.35%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, research analysts predict that Avangrid, Inc. will post 2.22 EPS for the current year.

Avangrid Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Monday, June 3rd. Avangrid’s dividend payout ratio is presently 76.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Avangrid in a report on Tuesday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.67.

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.