Barclays PLC Sells 6,419 Shares of Avangrid, Inc. (NYSE:AGR)

Barclays PLC reduced its holdings in shares of Avangrid, Inc. (NYSE:AGR) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,403 shares of the utilities provider’s stock after selling 6,419 shares during the quarter. Barclays PLC’s holdings in Avangrid were worth $2,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AGR. Charles Schwab Investment Management Inc. raised its stake in shares of Avangrid by 28.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 884,742 shares of the utilities provider’s stock worth $31,665,000 after purchasing an additional 197,841 shares during the period. Versor Investments LP purchased a new stake in shares of Avangrid during the 2nd quarter worth approximately $5,468,000. Marshall Wace LLP raised its holdings in shares of Avangrid by 973.5% in the 2nd quarter. Marshall Wace LLP now owns 150,602 shares of the utilities provider’s stock worth $5,351,000 after purchasing an additional 136,573 shares during the period. Renaissance Technologies LLC lifted its stake in Avangrid by 466.5% in the second quarter. Renaissance Technologies LLC now owns 135,400 shares of the utilities provider’s stock valued at $4,811,000 after purchasing an additional 111,500 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Avangrid by 353.0% in the third quarter. BNP Paribas Financial Markets now owns 110,163 shares of the utilities provider’s stock worth $3,943,000 after buying an additional 85,847 shares during the last quarter. Hedge funds and other institutional investors own 13.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began 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 Wednesday. 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, Inc. has a one year low of $29.71 and a one year high of $37.70. The firm has a market capitalization of $13.94 billion, a P/E ratio of 12.38, a PEG ratio of 2.54 and a beta of 0.56. The business has a fifty day moving average price of $35.78 and a 200-day moving average price of $35.68.

Avangrid (NYSE:AGR) last posted its earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.22. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Avangrid, Inc. will post 2.34 EPS for the current year.

Avangrid Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Monday, December 2nd. Avangrid’s dividend payout ratio is presently 60.48%.

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.