Centiva Capital LP Grows Holdings in Avangrid, Inc. (NYSE:AGR)

Centiva Capital LP increased its stake in Avangrid, Inc. (NYSE:AGR) by 28.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,000 shares of the utilities provider’s stock after buying an additional 22,113 shares during the period. Centiva Capital LP’s holdings in Avangrid were worth $3,579,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. ClearAlpha Technologies LP grew its holdings in Avangrid by 54.9% during the 3rd quarter. ClearAlpha Technologies LP now owns 135,420 shares of the utilities provider’s stock worth $4,847,000 after acquiring an additional 48,012 shares in the last quarter. Athos Capital Ltd lifted its position in shares of Avangrid by 10.0% during the third quarter. Athos Capital Ltd now owns 110,000 shares of the utilities provider’s stock worth $3,937,000 after purchasing an additional 10,000 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Avangrid in the third quarter worth about $553,000. Verition Fund Management LLC bought a new stake in Avangrid in the third quarter valued at about $2,082,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Avangrid by 14.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,447 shares of the utilities provider’s stock valued at $911,000 after buying an additional 3,137 shares in the last quarter. 13.12% of the stock is owned by institutional investors and hedge funds.

Avangrid Trading Down 0.1 %

Avangrid stock opened at $36.10 on Monday. Avangrid, Inc. has a 1 year low of $29.71 and a 1 year high of $37.70. The firm’s 50-day moving average is $35.82 and its 200-day moving average is $35.72. 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 market cap of $13.97 billion, a P/E ratio of 12.41, a PEG ratio of 2.57 and a beta of 0.55.

Avangrid (NYSE:AGR) last issued its earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.22. Avangrid had a net margin of 12.89% and a return on equity of 5.37%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company posted $0.27 earnings per share. Avangrid’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Avangrid, Inc. will post 2.34 earnings per share for the current year.

Avangrid Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Avangrid in a research report on Saturday. They issued a “hold” rating for the company.

Avangrid 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.