Headlines about Avangrid (NYSE:AGR) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avangrid earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.3401214533925 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Avangrid (NYSE AGR) traded down $0.23 during mid-day trading on Friday, reaching $48.73. The company’s stock had a trading volume of 538,492 shares, compared to its average volume of 410,159. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. The company has a market capitalization of $15,057.81, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. Avangrid has a 12-month low of $37.42 and a 12-month high of $53.46.
Avangrid (NYSE:AGR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Avangrid had a return on equity of 4.60% and a net margin of 11.23%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. equities analysts forecast that Avangrid will post 2.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were paid a $0.432 dividend. The ex-dividend date was Friday, December 8th. This represents a $1.73 dividend on an annualized basis and a yield of 3.55%. Avangrid’s dividend payout ratio is 80.47%.
A number of brokerages recently issued reports on AGR. Zacks Investment Research lowered Avangrid from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. TheStreet upgraded Avangrid from a “c” rating to a “b-” rating in a research note on Monday, December 18th. Wells Fargo & Co downgraded Avangrid from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Bank of America started coverage on Avangrid in a research note on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on Avangrid from $43.00 to $47.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Avangrid presently has a consensus rating of “Hold” and a consensus price target of $47.50.
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Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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