Charter Research & Investment Group Inc. acquired a new position in Avangrid Inc (NYSE:AGR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,790 shares of the utilities provider’s stock, valued at approximately $1,254,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of AGR. SeaCrest Wealth Management LLC purchased a new stake in Avangrid during the 4th quarter valued at about $216,000. US Bancorp DE raised its position in Avangrid by 57.4% during the 4th quarter. US Bancorp DE now owns 5,440 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 1,984 shares during the last quarter. Aperio Group LLC raised its position in Avangrid by 7.0% during the 4th quarter. Aperio Group LLC now owns 335,415 shares of the utilities provider’s stock valued at $16,965,000 after purchasing an additional 21,994 shares during the last quarter. Victory Capital Management Inc. raised its position in Avangrid by 11.0% during the 4th quarter. Victory Capital Management Inc. now owns 252,357 shares of the utilities provider’s stock valued at $12,764,000 after purchasing an additional 25,100 shares during the last quarter. Finally, Harrington Investments INC raised its position in Avangrid by 30.4% during the 4th quarter. Harrington Investments INC now owns 6,202 shares of the utilities provider’s stock valued at $314,000 after purchasing an additional 1,445 shares during the last quarter. Hedge funds and other institutional investors own 14.06% of the company’s stock.
Shares of Avangrid Inc (AGR) opened at $47.27 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. Avangrid Inc has a 52 week low of $39.75 and a 52 week high of $53.46. The company has a market capitalization of $14,606.68, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 2.37 and a beta of 0.31.
Several research analysts have recently issued reports on AGR shares. Bank of America started coverage on Avangrid in a research report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price for the company. Zacks Investment Research raised Avangrid from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Wells Fargo & Co lowered Avangrid from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st. TheStreet raised Avangrid from a “c” rating to a “b-” rating in a research report on Monday, December 18th. Finally, Goldman Sachs Group initiated coverage on Avangrid in a research report on Wednesday, January 10th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $48.63.
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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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