Avangrid, Inc. (NYSE:AGR) Shares Bought by Quadrature Capital Ltd

Quadrature Capital Ltd grew its position in Avangrid, Inc. (NYSE:AGR) by 39.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,813 shares of the utilities provider’s stock after purchasing an additional 8,192 shares during the period. Quadrature Capital Ltd’s holdings in Avangrid were worth $1,051,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Avangrid in the 1st quarter worth approximately $26,000. Bell Investment Advisors Inc boosted its holdings in shares of Avangrid by 163.9% in the 1st quarter. Bell Investment Advisors Inc now owns 863 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 536 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Avangrid in the first quarter worth $36,000. Toronto Dominion Bank purchased a new position in shares of Avangrid during the first quarter worth $41,000. Finally, Quent Capital LLC lifted its position in Avangrid by 31.0% during the first quarter. Quent Capital LLC now owns 1,486 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 352 shares during the period. 13.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Avangrid in a report on Thursday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.67.

Avangrid Stock Performance

NYSE AGR traded down $0.02 during mid-day trading on Friday, reaching $35.50. 798,259 shares of the stock were exchanged, compared to its average volume of 766,164. The company has a market capitalization of $13.74 billion, a P/E ratio of 15.37, a P/E/G ratio of 2.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.50 and a current ratio of 0.52. The business’s 50 day moving average is $35.54 and its 200-day moving average is $34.57. Avangrid, Inc. has a 1 year low of $27.46 and a 1 year high of $38.71.

Avangrid (NYSE:AGR) last announced its earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.72 billion. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. On average, equities research analysts forecast that Avangrid, Inc. will post 2.23 EPS for the current fiscal year.

Avangrid Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Friday, August 30th. Avangrid’s dividend payout ratio is presently 76.19%.

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.