Squarepoint Ops LLC increased its holdings in shares of Avangrid Inc (NYSE:AGR) by 78.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,888 shares of the utilities provider’s stock after acquiring an additional 62,167 shares during the quarter. Squarepoint Ops LLC’s holdings in Avangrid were worth $7,414,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Nisa Investment Advisors LLC increased its position in shares of Avangrid by 37.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,100 shares of the utilities provider’s stock valued at $561,000 after purchasing an additional 3,000 shares during the last quarter. First Quadrant L P CA bought a new position in Avangrid during the second quarter valued at about $479,000. Steward Partners Investment Advisory LLC bought a new position in Avangrid during the second quarter valued at about $54,000. Park Avenue Securities LLC increased its holdings in Avangrid by 4.8% during the second quarter. Park Avenue Securities LLC now owns 20,312 shares of the utilities provider’s stock worth $1,026,000 after buying an additional 926 shares during the last quarter. Finally, Ledyard National Bank increased its holdings in Avangrid by 25.4% during the second quarter. Ledyard National Bank now owns 19,859 shares of the utilities provider’s stock worth $1,003,000 after buying an additional 4,021 shares during the last quarter. 14.55% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Goldman Sachs Group set a $50.00 price objective on shares of Avangrid and gave the stock a “hold” rating in a research report on Monday, August 12th. Citigroup downgraded shares of Avangrid from a “buy” rating to a “neutral” rating and reduced their target price for the company from $62.00 to $52.00 in a research report on Monday, August 12th. Zacks Investment Research upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Avangrid from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $51.14.
Shares of NYSE AGR opened at $48.09 on Tuesday. The stock’s 50-day simple moving average is $49.31 and its two-hundred day simple moving average is $50.20. Avangrid Inc has a twelve month low of $47.45 and a twelve month high of $53.47. The firm has a market capitalization of $15.00 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.92 and a beta of 0.10. The company has a quick ratio of 0.57, a current ratio of 0.66 and a debt-to-equity ratio of 0.44.
Avangrid (NYSE:AGR) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.11). Avangrid had a net margin of 9.32% and a return on equity of 3.98%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Avangrid Inc will post 2.25 EPS for the current fiscal year.
Avangrid, Inc operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.
Recommended Story: Return on Investment (ROI) Defined, Explained
Want to see what other hedge funds are holding AGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avangrid Inc (NYSE:AGR).
Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.