Healthcare of Ontario Pension Plan Trust Fund Lowers Position in Avangrid, Inc. (NYSE:AGR)

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Avangrid, Inc. (NYSE:AGR) by 0.9% in the third quarter, Holdings Channel reports. The firm owned 110,111 shares of the utilities provider’s stock after selling 977 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Avangrid were worth $3,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in shares of Avangrid by 1.8% in the third quarter. Signaturefd LLC now owns 16,301 shares of the utilities provider’s stock valued at $583,000 after purchasing an additional 290 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in Avangrid by 1.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 28,005 shares of the utilities provider’s stock valued at $995,000 after buying an additional 471 shares during the period. CIBC Asset Management Inc grew its stake in shares of Avangrid by 4.2% in the third quarter. CIBC Asset Management Inc now owns 11,569 shares of the utilities provider’s stock worth $414,000 after acquiring an additional 471 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Avangrid by 2.8% during the second quarter. Van ECK Associates Corp now owns 18,305 shares of the utilities provider’s stock worth $650,000 after acquiring an additional 499 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Avangrid by 5.7% in the second quarter. American Century Companies Inc. now owns 10,303 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 560 shares in the last quarter. 13.12% of the stock is currently owned by hedge funds and other institutional investors.

Avangrid Stock Down 0.1 %

Shares of Avangrid stock opened at $36.10 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Avangrid, Inc. has a 52-week low of $29.71 and a 52-week high of $37.70. The company has a market capitalization of $13.97 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.57 and a beta of 0.55. The company has a 50 day moving average of $35.82 and a 200 day moving average of $35.74.

Avangrid (NYSE:AGR) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share (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 analysts’ expectations of $2.04 billion. Avangrid had a net margin of 12.89% and a return on equity of 5.37%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. As a group, research analysts forecast that Avangrid, Inc. will post 2.34 EPS for the current fiscal year.

Avangrid Announces Dividend

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 issued a $0.44 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.88%. Avangrid’s payout ratio is currently 60.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Avangrid in a research note on Saturday. They set a “hold” rating for the company.

Avangrid 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.