Healthcare of Ontario Pension Plan Trust Fund Has $2.86 Million Stock Holdings in Avangrid, Inc. (NYSE:AGR)

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Avangrid, Inc. (NYSE:AGR) by 16.9% during the first quarter, Holdings Channel.com reports. The fund owned 78,518 shares of the utilities provider’s stock after buying an additional 11,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Avangrid were worth $2,861,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AGR. Clean Energy Transition LLP acquired a new position in shares of Avangrid in the 4th quarter worth approximately $75,620,000. Norges Bank acquired a new position in Avangrid in the fourth quarter valued at $30,303,000. Mackenzie Financial Corp lifted its holdings in Avangrid by 20.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,917,324 shares of the utilities provider’s stock valued at $62,140,000 after buying an additional 326,084 shares during the period. Hsbc Holdings PLC boosted its position in Avangrid by 65.1% during the fourth quarter. Hsbc Holdings PLC now owns 373,093 shares of the utilities provider’s stock valued at $12,088,000 after acquiring an additional 147,108 shares during the last quarter. Finally, Handelsbanken Fonder AB acquired a new stake in Avangrid during the 4th quarter worth about $4,195,000. 13.12% of the stock is currently owned by institutional investors.

Avangrid Stock Up 0.1 %

Avangrid stock opened at $35.52 on Friday. The company has a market capitalization of $13.74 billion, a PE ratio of 15.38, a PEG ratio of 2.67 and a beta of 0.55. Avangrid, Inc. has a 12-month low of $27.46 and a 12-month high of $38.91. The firm’s fifty day moving average is $35.54 and its 200 day moving average is $34.56. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 0.47.

Avangrid (NYSE:AGR) last posted its quarterly earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.72 billion. Avangrid had a net margin of 11.35% and a return on equity of 4.89%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. As a group, sell-side analysts predict that Avangrid, Inc. will post 2.22 EPS for the current fiscal year.

Avangrid Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, August 30th. Avangrid’s dividend payout ratio (DPR) is currently 76.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Avangrid in a research report on Thursday. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.67.

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.