Avangrid (NYSE:AGR) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Avangrid (NYSE:AGR – Get Rating) from a hold rating to a buy rating in a report issued on Tuesday.

Several other equities research analysts have also recently commented on AGR. KeyCorp boosted their price target on Avangrid from $35.00 to $36.00 and gave the company an underweight rating in a research note on Tuesday, January 17th. Mizuho upped their target price on Avangrid from $39.00 to $41.00 and gave the stock a neutral rating in a research report on Monday, October 31st. Finally, Wells Fargo & Company upped their target price on Avangrid to $48.00 in a research report on Wednesday, December 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Avangrid currently has an average rating of Hold and a consensus price target of $46.00.

Avangrid Trading Down 1.7 %

Shares of NYSE AGR opened at $41.65 on Tuesday. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 3.40 and a beta of 0.39. The business has a 50 day simple moving average of $42.92 and a 200 day simple moving average of $44.38. Avangrid has a 52 week low of $37.64 and a 52 week high of $51.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 0.74.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new position in shares of Avangrid during the second quarter worth approximately $29,000. CWM LLC lifted its holdings in shares of Avangrid by 385.0% during the second quarter. CWM LLC now owns 645 shares of the utilities provider’s stock worth $30,000 after buying an additional 512 shares during the last quarter. Money Concepts Capital Corp acquired a new position in shares of Avangrid during the third quarter worth approximately $31,000. Wahed Invest LLC acquired a new position in shares of Avangrid during the second quarter worth approximately $35,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Avangrid during the second quarter worth approximately $35,000. 11.96% of the stock is currently owned by institutional investors and hedge funds.

Avangrid Company Profile

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Avangrid, Inc engages in the energy transmission and gas distribution. It operates through the following segments: Networks, Renewables, and Other. The Networks segment includes energy transmission and distribution, electric transmission, and gas distribution activities. The Renewables segment relates to renewable energy, mainly wind energy generation and trading related to such activities.