Janiczek Wealth Management LLC Boosts Position in Avangrid, Inc. (NYSE:AGR)

Janiczek Wealth Management LLC increased its stake in Avangrid, Inc. (NYSE:AGR) by 68.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,942 shares of the utilities provider’s stock after buying an additional 5,674 shares during the period. Janiczek Wealth Management LLC’s holdings in Avangrid were worth $509,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in shares of Avangrid in the 4th quarter worth approximately $41,000. GAMMA Investing LLC purchased a new position in shares of Avangrid in the 4th quarter worth approximately $60,000. Hoxton Planning & Management LLC purchased a new position in shares of Avangrid in the 1st quarter worth approximately $216,000. SeaCrest Wealth Management LLC purchased a new position in shares of Avangrid in the 4th quarter worth approximately $204,000. Finally, Seven Mile Advisory purchased a new position in shares of Avangrid in the 4th quarter worth approximately $213,000. Hedge funds and other institutional investors own 13.12% of the company’s stock.

Avangrid Stock Performance

Shares of AGR stock traded up $0.06 during trading hours on Thursday, hitting $35.31. The company’s stock had a trading volume of 135,872 shares, compared to its average volume of 880,053. The company has a 50 day moving average of $36.14 and a 200 day moving average of $34.17. Avangrid, Inc. has a 12-month low of $27.46 and a 12-month high of $39.13. The stock has a market cap of $13.66 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Avangrid (NYSE:AGR) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. Avangrid had a net margin of 10.80% and a return on equity of 4.35%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that Avangrid, Inc. will post 2.22 EPS for the current fiscal year.

Avangrid Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Monday, June 3rd. Avangrid’s dividend payout ratio is presently 76.19%.

Wall Street Analyst Weigh In

AGR has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Avangrid in a research report on Sunday. They set a “hold” rating on the stock. Janney Montgomery Scott reissued a “sell” rating and set a $35.00 target price on shares of Avangrid in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, Avangrid has an average rating of “Hold” and a consensus price target of $34.67.

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.