Signaturefd LLC Has $583,000 Holdings in Avangrid, Inc. (NYSE:AGR)

Signaturefd LLC raised its position in Avangrid, Inc. (NYSE:AGR) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 16,301 shares of the utilities provider’s stock after purchasing an additional 290 shares during the period. Signaturefd LLC’s holdings in Avangrid were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AGR. Headlands Technologies LLC bought a new position in Avangrid during the first quarter worth $26,000. Blue Trust Inc. grew its holdings in Avangrid by 244.9% during the 3rd quarter. Blue Trust Inc. now owns 807 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 573 shares during the period. Bell Investment Advisors Inc raised its position in shares of Avangrid by 163.9% in the 1st quarter. Bell Investment Advisors Inc now owns 863 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 536 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Avangrid in the 1st quarter valued at about $36,000. Finally, Toronto Dominion Bank bought a new stake in shares of Avangrid during the 1st quarter valued at about $41,000. 13.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Avangrid Trading Down 0.0 %

NYSE:AGR opened at $35.79 on Friday. Avangrid, Inc. has a 12 month low of $28.75 and a 12 month high of $37.70. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.66 and a beta of 0.55. The firm has a fifty day simple moving average of $35.78 and a two-hundred day simple moving average of $35.85.

Avangrid (NYSE:AGR) last issued its earnings results on Tuesday, October 22nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.33 by $0.22. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Avangrid, Inc. will post 2.24 EPS for the current fiscal year.

Avangrid Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Monday, December 2nd. Avangrid’s payout ratio is 76.19%.

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.