Quadrant Capital Group LLC Has $106,000 Stock Position in Avangrid, Inc. (NYSE:AGR)

Quadrant Capital Group LLC lessened its holdings in Avangrid, Inc. (NYSE:AGR) by 27.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,279 shares of the utilities provider’s stock after selling 1,225 shares during the period. Quadrant Capital Group LLC’s holdings in Avangrid were worth $106,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AGR. Citigroup Inc. lifted its holdings in shares of Avangrid by 3.5% in the third quarter. Citigroup Inc. now owns 9,791 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 334 shares in the last quarter. First Pacific Financial boosted its holdings in Avangrid by 3.1% during the 4th quarter. First Pacific Financial now owns 13,504 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 406 shares during the last quarter. Magellan Asset Management Ltd grew its stake in shares of Avangrid by 0.3% in the 3rd quarter. Magellan Asset Management Ltd now owns 162,607 shares of the utilities provider’s stock worth $4,906,000 after acquiring an additional 559 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Avangrid by 0.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 70,196 shares of the utilities provider’s stock valued at $2,264,000 after purchasing an additional 577 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Avangrid by 2.8% during the fourth quarter. Vontobel Holding Ltd. now owns 23,875 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 648 shares in the last quarter. Institutional investors own 13.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AGR. StockNews.com upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Company increased their price target on Avangrid from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Finally, Janney Montgomery Scott reissued a “sell” rating and issued a $35.00 price objective on shares of Avangrid in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, Avangrid currently has a consensus rating of “Hold” and an average price target of $34.75.

Avangrid Trading Up 0.3 %

NYSE:AGR opened at $36.03 on Friday. The firm’s 50 day moving average is $36.30 and its 200 day moving average is $33.45. Avangrid, Inc. has a 12 month low of $27.46 and a 12 month high of $39.14. The stock has a market capitalization of $13.94 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.69 and a beta of 0.55. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Avangrid (NYSE:AGR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Avangrid had a return on equity of 4.35% and a net margin of 10.80%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts expect that Avangrid, Inc. will post 2.23 earnings per share for the current year.

Avangrid Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, June 3rd. Avangrid’s dividend payout ratio (DPR) is currently 76.19%.

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.