Avangrid, Inc. (NYSE:AGR) Position Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of Avangrid, Inc. (NYSE:AGR) by 15.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,661 shares of the utilities provider’s stock after selling 3,295 shares during the quarter. Vontobel Holding Ltd.’s holdings in Avangrid were worth $668,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Avangrid during the first quarter valued at approximately $26,000. Bell Investment Advisors Inc raised its stake in Avangrid by 163.9% during 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 in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Avangrid in the first quarter worth $36,000. Toronto Dominion Bank bought a new position in shares of Avangrid in the first quarter worth $41,000. Finally, Quent Capital LLC raised its stake in shares of 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 in the last quarter. 13.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Avangrid in a report on Monday. They issued a “hold” rating for the company.

Avangrid Stock Up 0.1 %

Shares of AGR stock opened at $35.67 on Tuesday. Avangrid, Inc. has a 1 year low of $28.75 and a 1 year high of $37.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.44 and a current ratio of 0.52. The business’s fifty day moving average is $35.78 and its 200-day moving average is $35.85. The stock has a market cap of $13.80 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55.

Avangrid (NYSE:AGR) last released its earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company earned $0.21 earnings per share. Avangrid’s revenue was up 21.2% compared to the same quarter last year. Equities analysts expect that Avangrid, Inc. will post 2.24 earnings per share for the current fiscal year.

Avangrid Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.93%. Avangrid’s payout ratio is currently 76.19%.

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.