Stifel Financial Corp Sells 982 Shares of Avangrid, Inc. (NYSE:AGR)

Stifel Financial Corp decreased its holdings in shares of Avangrid, Inc. (NYSE:AGR) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,194 shares of the utilities provider’s stock after selling 982 shares during the period. Stifel Financial Corp’s holdings in Avangrid were worth $1,081,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in Avangrid during the third quarter valued at approximately $25,000. Blue Trust Inc. grew its holdings in shares of Avangrid by 244.9% in the 3rd quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock valued at $29,000 after buying an additional 573 shares during the period. Eastern Bank bought a new stake in shares of Avangrid in the 3rd quarter valued at $30,000. Quarry LP acquired a new stake in Avangrid during the 3rd quarter worth $47,000. Finally, Venturi Wealth Management LLC lifted its holdings in Avangrid by 1,939.7% during the third quarter. Venturi Wealth Management LLC now owns 2,978 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 2,832 shares in the last quarter. Institutional investors and hedge funds own 13.12% of the company’s stock.

Avangrid Trading Up 0.8 %

Shares of NYSE:AGR opened at $36.02 on Tuesday. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 2.54 and a beta of 0.56. Avangrid, Inc. has a 12 month low of $29.71 and a 12 month high of $37.70. The company’s fifty day simple moving average is $35.78 and its 200 day simple moving average is $35.68. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Avangrid (NYSE:AGR) last released its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.22. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.04 billion. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. As a group, research analysts forecast that Avangrid, Inc. will post 2.34 EPS for the current fiscal 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 paid a dividend of $0.44 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.89%. Avangrid’s dividend payout ratio is currently 60.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Avangrid in a report on Tuesday. They issued a “hold” rating for the company.

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.