Vanguard Personalized Indexing Management LLC Purchases 6,809 Shares of Avangrid, Inc. (NYSE:AGR)

Vanguard Personalized Indexing Management LLC lifted its position in shares of Avangrid, Inc. (NYSE:AGR) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 62,388 shares of the utilities provider’s stock after acquiring an additional 6,809 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Avangrid were worth $2,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AGR. Quent Capital LLC raised its holdings in shares of Avangrid by 31.0% in the 1st quarter. Quent Capital LLC now owns 1,486 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 352 shares in the last quarter. Signaturefd LLC boosted its holdings in Avangrid by 2.6% in the second quarter. Signaturefd LLC now owns 16,011 shares of the utilities provider’s stock valued at $569,000 after acquiring an additional 399 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Avangrid by 1.7% during the second 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. Van ECK Associates Corp grew its stake in Avangrid by 2.8% in the second quarter. Van ECK Associates Corp now owns 18,305 shares of the utilities provider’s stock worth $650,000 after purchasing an additional 499 shares during the period. Finally, Bell Investment Advisors Inc increased its stake in shares of Avangrid by 163.9% during the first quarter. Bell Investment Advisors Inc now owns 863 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 13.12% of the company’s stock.

Avangrid Price Performance

NYSE:AGR opened at $35.76 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.49. Avangrid, Inc. has a 52 week low of $27.46 and a 52 week high of $37.70. The business’s 50-day simple moving average is $35.73 and its two-hundred day simple moving average is $35.82. The stock has a market cap of $13.84 billion, a PE ratio of 15.48, a P/E/G 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 for the quarter, beating the consensus estimate of $0.27 by $0.22. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.72 billion. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, analysts forecast that Avangrid, Inc. will post 2.24 EPS for the current fiscal year.

Avangrid Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 2nd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, August 30th. Avangrid’s payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Avangrid in a research report on Thursday. They set a “hold” rating on the stock.

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.