Avangrid, Inc. (NYSE:AGR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in shares of Avangrid, Inc. (NYSE:AGR) by 15.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,661 shares of the utilities provider’s stock after selling 3,295 shares during the period. Vontobel Holding Ltd.’s holdings in Avangrid were worth $668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGR. Natixis grew its stake in shares of Avangrid by 3,122.3% during the first quarter. Natixis now owns 166,432 shares of the utilities provider’s stock valued at $6,065,000 after acquiring an additional 161,267 shares in the last quarter. Versor Investments LP purchased a new position in Avangrid in the second quarter valued at about $5,468,000. Marshall Wace LLP grew its stake in Avangrid by 973.5% during the 2nd quarter. Marshall Wace LLP now owns 150,602 shares of the utilities provider’s stock valued at $5,351,000 after purchasing an additional 136,573 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Avangrid during the 1st quarter worth approximately $4,504,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Avangrid in the 1st quarter valued at approximately $4,396,000. Hedge funds and other institutional investors own 13.12% of the company’s stock.

Wall Street Analyst Weigh In

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

Avangrid Trading Up 0.1 %

NYSE:AGR opened at $35.67 on Tuesday. The company has a market cap of $13.80 billion, a PE ratio of 15.44, a P/E/G ratio of 2.66 and a beta of 0.55. The business’s 50 day moving average is $35.78 and its two-hundred day moving average is $35.85. 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 $28.75 and a 52 week high of $37.70.

Avangrid (NYSE:AGR) last announced its quarterly earnings data on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. On average, analysts predict that Avangrid, Inc. will post 2.24 EPS for the current year.

Avangrid Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid’s dividend payout ratio (DPR) is presently 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.