Venturi Wealth Management LLC Has $107,000 Stock Holdings in Avangrid, Inc. (NYSE:AGR)

Venturi Wealth Management LLC increased its stake in shares of Avangrid, Inc. (NYSE:AGR) by 1,939.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,978 shares of the utilities provider’s stock after buying an additional 2,832 shares during the period. Venturi Wealth Management LLC’s holdings in Avangrid were worth $107,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of Avangrid by 1.8% during the third quarter. Signaturefd LLC now owns 16,301 shares of the utilities provider’s stock worth $583,000 after acquiring an additional 290 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Avangrid by 1.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 28,005 shares of the utilities provider’s stock worth $995,000 after purchasing an additional 471 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Avangrid by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 18,305 shares of the utilities provider’s stock worth $650,000 after purchasing an additional 499 shares during the last quarter. American Century Companies Inc. boosted its stake in Avangrid by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 10,303 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 560 shares during the period. Finally, Blue Trust Inc. grew its holdings in Avangrid by 244.9% in the 3rd quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock valued at $29,000 after buying an additional 573 shares in the last quarter. Institutional investors and hedge funds own 13.12% of the company’s stock.

Avangrid Trading Down 0.2 %

Shares of AGR stock opened at $35.76 on Friday. The stock has a market cap of $13.84 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Avangrid, Inc. has a 1 year low of $29.71 and a 1 year high of $37.70. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $35.73 and a 200 day simple moving average of $35.79.

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

Avangrid Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.92%. The ex-dividend date is Monday, December 2nd. Avangrid’s dividend payout ratio is currently 60.48%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Avangrid in a report on Thursday. They set a “hold” rating for the company.

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.