Avangrid, Inc. (NYSE:AGR) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Avangrid, Inc. (NYSE:AGR) by 4.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,724 shares of the utilities provider’s stock after buying an additional 647 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Avangrid were worth $491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank acquired a new position in shares of Avangrid during the third quarter valued at approximately $30,000. Signaturefd LLC boosted its stake in Avangrid by 1.8% during the 3rd 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. Blue Trust Inc. increased its position in shares of Avangrid by 244.9% during the 3rd quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 573 shares during the period. Creative Planning raised its stake in shares of Avangrid by 17.4% in the 3rd quarter. Creative Planning now owns 37,986 shares of the utilities provider’s stock worth $1,360,000 after buying an additional 5,618 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Avangrid by 28.3% in the 3rd quarter. CWM LLC now owns 5,820 shares of the utilities provider’s stock worth $208,000 after buying an additional 1,283 shares in the last quarter. 13.12% of the stock is currently owned by institutional investors.

Avangrid Stock Up 0.6 %

AGR stock opened at $35.91 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.44. The firm has a market cap of $13.89 billion, a PE ratio of 12.34, a P/E/G ratio of 2.53 and a beta of 0.55. Avangrid, Inc. has a 12 month low of $29.33 and a 12 month high of $37.70. The firm has a 50 day simple moving average of $35.72 and a 200 day simple moving average of $35.82.

Avangrid (NYSE:AGR) last announced its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.22. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.04 billion. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. Equities research analysts forecast that Avangrid, Inc. will post 2.34 earnings per share for the current fiscal year.

Avangrid Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a $0.44 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 4.90%. Avangrid’s dividend payout ratio is currently 60.48%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Avangrid in a research note on Wednesday. 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.