News headlines about Avangrid (NYSE:AGR) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avangrid earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.4370451973242 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Avangrid (AGR) traded down $0.05 on Thursday, hitting $51.55. 577,984 shares of the company were exchanged, compared to its average volume of 449,536. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. The company has a market capitalization of $15,930.00 and a P/E ratio of 22.65. Avangrid has a twelve month low of $35.89 and a twelve month high of $53.46.
Avangrid (NYSE:AGR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Avangrid had a net margin of 11.23% and a return on equity of 4.60%. Avangrid’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. equities analysts anticipate that Avangrid will post 2.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a dividend of $0.432 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, December 8th. Avangrid’s dividend payout ratio (DPR) is 80.47%.
A number of brokerages have recently issued reports on AGR. Bank of America began coverage on shares of Avangrid in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 target price on the stock. Zacks Investment Research upgraded shares of Avangrid from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. J P Morgan Chase & Co upped their target price on shares of Avangrid from $43.00 to $47.00 and gave the stock an “underweight” rating in a research report on Thursday, October 12th. Finally, Wells Fargo & Company lowered shares of Avangrid from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.50.
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Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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