BNP Paribas Financial Markets Has $3.94 Million Holdings in Avangrid, Inc. (NYSE:AGR)

BNP Paribas Financial Markets lifted its holdings in Avangrid, Inc. (NYSE:AGR) by 353.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,163 shares of the utilities provider’s stock after purchasing an additional 85,847 shares during the quarter. BNP Paribas Financial Markets’ holdings in Avangrid were worth $3,943,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AGR. Brooklyn Investment Group bought a new stake in shares of Avangrid in the third quarter worth $25,000. Blue Trust Inc. lifted its position in shares of Avangrid by 244.9% in the third quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 573 shares in the last quarter. Eastern Bank bought a new stake in shares of Avangrid in the third quarter worth $30,000. Venturi Wealth Management LLC lifted its position in shares of Avangrid by 1,939.7% in the third quarter. Venturi Wealth Management LLC now owns 2,978 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 2,832 shares in the last quarter. Finally, CWM LLC raised its position in Avangrid by 41.2% during the second quarter. CWM LLC now owns 4,537 shares of the utilities provider’s stock worth $161,000 after acquiring an additional 1,323 shares in the last quarter. Institutional investors own 13.12% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Avangrid in a research report on Saturday, November 30th. They set a “hold” rating on the stock.

Avangrid Stock Performance

NYSE AGR opened at $35.48 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $35.81 and its two-hundred day moving average price is $35.71. Avangrid, Inc. has a 1 year low of $29.71 and a 1 year high of $37.70. The firm has a market capitalization of $13.73 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 2.54 and a beta of 0.56.

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

Avangrid Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Monday, December 2nd. Avangrid’s 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.