Avangrid (NYSE:AGR) Receives News Sentiment Score of 0.08

Press coverage about Avangrid (NYSE:AGR) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Avangrid earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.7508604823585 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Avangrid stock traded down $0.54 during midday trading on Friday, hitting $49.34. The company’s stock had a trading volume of 270,500 shares, compared to its average volume of 501,518. The company has a current ratio of 0.73, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. Avangrid has a 12 month low of $45.17 and a 12 month high of $54.55. The stock has a market cap of $15.33 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.37 and a beta of 0.07.

Avangrid (NYSE:AGR) last posted its quarterly earnings data on Tuesday, July 24th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.07). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. Avangrid had a return on equity of 4.47% and a net margin of 6.07%. Avangrid’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. equities analysts predict that Avangrid will post 2.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, September 6th. This is an increase from Avangrid’s previous quarterly dividend of $0.43. Avangrid’s payout ratio is presently 78.64%.

A number of brokerages recently weighed in on AGR. Zacks Investment Research upgraded shares of Avangrid from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, June 27th. ValuEngine upgraded shares of Avangrid from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Wolfe Research cut shares of Avangrid from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. Evercore ISI cut shares of Avangrid from an “outperform” rating to an “in-line” rating and set a $53.00 price target on the stock. in a research report on Wednesday, July 25th. Finally, Bank of America dropped their price target on shares of Avangrid from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Avangrid presently has a consensus rating of “Hold” and a consensus price target of $53.88.

Avangrid Company Profile

Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. As of December 31, 2017, the company delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 1 million natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity.

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