844 Shares in Avangrid, Inc. (NYSE:AGR) Purchased by Eastern Bank

Eastern Bank bought a new position in Avangrid, Inc. (NYSE:AGR) during the third quarter, Holdings Channel reports. The firm bought 844 shares of the utilities provider’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of Avangrid by 1.8% in the 3rd quarter. Signaturefd LLC now owns 16,301 shares of the utilities provider’s stock worth $583,000 after acquiring an additional 290 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Avangrid by 31.0% in the 1st quarter. Quent Capital LLC now owns 1,486 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 352 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in Avangrid by 1.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 28,005 shares of the utilities provider’s stock valued at $995,000 after buying an additional 471 shares during the last quarter. Van ECK Associates Corp increased its stake in Avangrid by 2.8% in the 2nd quarter. Van ECK Associates Corp now owns 18,305 shares of the utilities provider’s stock valued at $650,000 after buying an additional 499 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its stake in Avangrid by 163.9% in the 1st 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 last quarter. Institutional investors and hedge funds own 13.12% of the company’s stock.

Avangrid Trading Down 0.1 %

NYSE:AGR opened at $35.75 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.44 and a current ratio of 0.52. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. Avangrid, Inc. has a 52 week low of $28.75 and a 52 week high of $37.70. The firm has a 50-day moving average price of $35.77 and a two-hundred day moving average price of $35.85.

Avangrid (NYSE:AGR) last posted its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.33 by $0.22. Avangrid had a net margin of 11.35% and a return on equity of 4.87%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts expect that Avangrid, Inc. will post 2.24 earnings per share for the current fiscal year.

Avangrid Announces Dividend

The business 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 of this dividend is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.92%. Avangrid’s payout ratio is currently 76.19%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Avangrid in a research note on Monday, October 21st. They issued a “hold” rating for the company.

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.