Sanctuary Advisors LLC Makes New Investment in Avangrid, Inc. (NYSE:AGR)

Sanctuary Advisors LLC bought a new position in shares of Avangrid, Inc. (NYSE:AGR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,134 shares of the utilities provider’s stock, valued at approximately $330,000.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Avangrid in a research report on Tuesday. They set a “hold” rating on the stock.

Avangrid Price Performance

Avangrid stock opened at $36.02 on Friday. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 2.54 and a beta of 0.56. The firm has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $35.69. Avangrid, Inc. has a fifty-two week low of $29.71 and a fifty-two week high of $37.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.44.

Avangrid (NYSE:AGR) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.22. The company had revenue of $2.08 billion during 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%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. As a group, analysts forecast that Avangrid, Inc. will post 2.34 earnings per share for the current year.

Avangrid 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.