Sigma Planning Corp cut its stake in shares of Avangrid Inc (NYSE:AGR) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,726 shares of the utilities provider’s stock after selling 298 shares during the quarter. Sigma Planning Corp’s holdings in Avangrid were worth $287,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in AGR. Vanguard Group Inc. raised its position in shares of Avangrid by 1.2% in the third quarter. Vanguard Group Inc. now owns 5,531,698 shares of the utilities provider’s stock worth $265,135,000 after acquiring an additional 65,687 shares during the period. Vanguard Group Inc increased its stake in shares of Avangrid by 1.2% during the third quarter. Vanguard Group Inc now owns 5,531,698 shares of the utilities provider’s stock worth $265,135,000 after purchasing an additional 65,687 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Avangrid by 49.6% during the third quarter. Jennison Associates LLC now owns 1,223,203 shares of the utilities provider’s stock worth $58,628,000 after purchasing an additional 405,680 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Avangrid by 26.6% during the third quarter. Renaissance Technologies LLC now owns 941,300 shares of the utilities provider’s stock worth $45,117,000 after purchasing an additional 197,500 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Avangrid by 1.2% during the 3rd quarter. Wells Fargo & Company MN now owns 590,339 shares of the utilities provider’s stock valued at $28,294,000 after acquiring an additional 6,734 shares in the last quarter. 14.17% of the stock is currently owned by hedge funds and other institutional investors.
AGR stock opened at $50.51 on Monday. Avangrid Inc has a one year low of $45.81 and a one year high of $54.55. The firm has a market capitalization of $15.61 billion, a PE ratio of 22.96, a PEG ratio of 2.36 and a beta of 0.09. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 0.33.
Several equities analysts have recently commented on AGR shares. TheStreet upgraded shares of Avangrid from a “c+” rating to a “b” rating in a report on Wednesday, November 14th. ValuEngine upgraded shares of Avangrid from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. Citigroup lowered their price objective on shares of Avangrid from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, December 4th. Zacks Investment Research raised shares of Avangrid from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Avangrid in a research report on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.78.
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Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. The company also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.
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