Avangrid, Inc. (NYSE:AGR) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. grew its holdings in Avangrid, Inc. (NYSE:AGR) by 244.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 807 shares of the utilities provider’s stock after purchasing an additional 573 shares during the quarter. Blue Trust Inc.’s holdings in Avangrid were worth $29,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AGR. Headlands Technologies LLC acquired a new stake in shares of Avangrid in the first quarter valued at approximately $26,000. Bell Investment Advisors Inc lifted 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 buying an additional 536 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Avangrid during the first quarter valued at approximately $36,000. Toronto Dominion Bank purchased a new position in shares of Avangrid during the first quarter valued at approximately $41,000. Finally, Quent Capital LLC lifted its stake in shares of Avangrid by 31.0% during the first quarter. Quent Capital LLC now owns 1,486 shares of the utilities provider’s stock valued at $54,000 after buying an additional 352 shares during the period. 13.12% of the stock is currently owned by institutional investors and hedge funds.

Avangrid Stock Performance

Shares of AGR opened at $35.59 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.51. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.54 and a beta of 0.55. The company’s 50 day simple moving average is $35.75 and its 200 day simple moving average is $35.84. Avangrid, Inc. has a 1 year low of $29.33 and a 1 year high of $37.70.

Avangrid (NYSE:AGR) last posted its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.22. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.04 billion. Avangrid had a net margin of 12.89% and a return on equity of 5.37%. Avangrid’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. On average, sell-side analysts predict that Avangrid, Inc. will post 2.34 EPS for the current year.

Avangrid Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid’s dividend payout ratio is currently 60.48%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Avangrid in a research note on Tuesday, October 29th. They set a “hold” rating on the stock.

Avangrid Company 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.