First Pacific Financial Acquires 406 Shares of Avangrid, Inc. (NYSE:AGR)

First Pacific Financial boosted its position in Avangrid, Inc. (NYSE:AGR) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,504 shares of the utilities provider’s stock after purchasing an additional 406 shares during the quarter. First Pacific Financial’s holdings in Avangrid were worth $438,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. John G Ullman & Associates Inc. raised its holdings in Avangrid by 0.9% in the third quarter. John G Ullman & Associates Inc. now owns 81,110 shares of the utilities provider’s stock worth $2,447,000 after purchasing an additional 750 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Avangrid by 10.7% in the third quarter. Gamco Investors INC. ET AL now owns 411,508 shares of the utilities provider’s stock worth $12,415,000 after acquiring an additional 39,937 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Avangrid by 1.4% during the third quarter. Hsbc Holdings PLC now owns 225,985 shares of the utilities provider’s stock valued at $6,818,000 after buying an additional 3,172 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of Avangrid by 38.0% during the third quarter. Wealthfront Advisers LLC now owns 121,668 shares of the utilities provider’s stock valued at $3,671,000 after buying an additional 33,528 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Avangrid by 14.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 560,803 shares of the utilities provider’s stock valued at $16,919,000 after buying an additional 71,441 shares during the last quarter. Institutional investors own 13.12% of the company’s stock.

Avangrid Price Performance

Shares of Avangrid stock opened at $36.20 on Thursday. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 0.65 and a beta of 0.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 0.65. The stock has a 50 day moving average price of $32.36 and a 200-day moving average price of $31.97. Avangrid, Inc. has a one year low of $27.46 and a one year high of $41.22.

Avangrid (NYSE:AGR) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Avangrid had a return on equity of 3.92% and a net margin of 9.46%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Avangrid’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Avangrid, Inc. will post 2.25 EPS for the current year.

Avangrid Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, February 29th. Avangrid’s payout ratio is currently 86.70%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho raised their target price on Avangrid from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Janney Montgomery Scott reissued a “sell” rating and set a $35.00 target price on shares of Avangrid in a research note on Friday, March 8th. StockNews.com raised Avangrid from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company lifted their target price on Avangrid from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.75.

Avangrid Company 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.