Athos Capital Ltd Raises Position in Avangrid, Inc. (NYSE:AGR)

Athos Capital Ltd lifted its stake in Avangrid, Inc. (NYSE:AGR) by 10.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 110,000 shares of the utilities provider’s stock after acquiring an additional 10,000 shares during the period. Avangrid makes up 1.3% of Athos Capital Ltd’s portfolio, making the stock its 11th largest holding. Athos Capital Ltd’s holdings in Avangrid were worth $3,937,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Avangrid by 28.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 884,742 shares of the utilities provider’s stock valued at $31,665,000 after purchasing an additional 197,841 shares during the period. Empower Advisory Group LLC raised its stake in Avangrid by 0.5% during the 3rd quarter. Empower Advisory Group LLC now owns 363,399 shares of the utilities provider’s stock worth $13,006,000 after acquiring an additional 1,983 shares during the period. Millennium Management LLC lifted its holdings in Avangrid by 34.7% during the second quarter. Millennium Management LLC now owns 308,134 shares of the utilities provider’s stock valued at $10,948,000 after purchasing an additional 79,463 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Avangrid by 26.1% in the second quarter. Gabelli Funds LLC now owns 297,474 shares of the utilities provider’s stock worth $10,569,000 after purchasing an additional 61,574 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Avangrid by 26.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 256,980 shares of the utilities provider’s stock valued at $9,130,000 after purchasing an additional 54,469 shares during the period. 13.12% of the stock is owned by institutional investors.

Avangrid Stock Performance

AGR opened at $36.10 on Monday. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 2.57 and a beta of 0.55. Avangrid, Inc. has a fifty-two week low of $29.71 and a fifty-two week high of $37.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.51. The company has a fifty day moving average of $35.82 and a 200 day moving average of $35.72.

Avangrid (NYSE:AGR) last released its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.22. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Avangrid had a return on equity of 5.37% and a net margin of 12.89%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. As a group, sell-side analysts forecast that Avangrid, Inc. will post 2.34 earnings per share for the current fiscal year.

Avangrid Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.44 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.76 annualized dividend and a yield of 4.88%. Avangrid’s dividend payout ratio (DPR) is currently 60.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Avangrid in a report on Saturday. They set a “hold” rating on the stock.

About Avangrid

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.