Bard Financial Services Inc. bought a new stake in shares of Avangrid, Inc. (NYSE:AGR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,290 shares of the utilities provider’s stock, valued at approximately $1,013,000.
Several other institutional investors and hedge funds also recently bought and sold shares of AGR. TD Ameritrade Investment Management LLC purchased a new position in Avangrid in the 4th quarter worth about $39,000. Whittier Trust Co. purchased a new position in Avangrid in the 4th quarter worth about $56,000. Cowa LLC purchased a new position in Avangrid in the 4th quarter worth about $59,000. International Assets Investment Management LLC purchased a new position in Avangrid in the 4th quarter worth about $67,000. Finally, Inspire Advisors LLC purchased a new stake in shares of Avangrid during the 4th quarter valued at about $108,000. 13.74% of the stock is owned by hedge funds and other institutional investors.
NYSE:AGR opened at $51.53 on Thursday. The stock’s fifty day moving average is $47.58 and its 200 day moving average is $48.08. Avangrid, Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $56.20. The firm has a market capitalization of $15.94 billion, a PE ratio of 25.01, a PEG ratio of 4.35 and a beta of 0.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.46.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 5th were paid a $0.44 dividend. The ex-dividend date was Thursday, March 4th. This represents a $1.76 dividend on an annualized basis and a yield of 3.42%. Avangrid’s payout ratio is 81.11%.
Several equities research analysts have recently commented on the stock. Janney Montgomery Scott raised shares of Avangrid from a “neutral” rating to a “buy” rating and upped their price target for the company from $45.00 to $55.00 in a research report on Thursday, February 25th. Zacks Investment Research raised shares of Avangrid from a “sell” rating to a “hold” rating in a research report on Friday, February 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Avangrid has a consensus rating of “Hold” and an average price target of $53.20.
Avangrid Company Profile
Avangrid, Inc operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.
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