Avangrid (NYSE:AGR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Avangrid (NYSE:AGR) in a research report report published on Saturday. The firm issued a hold rating on the utilities provider’s stock.

Avangrid Price Performance

NYSE:AGR opened at $36.02 on Friday. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 2.54 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.51. The stock’s fifty day moving average price is $35.92 and its two-hundred day moving average price is $35.79. Avangrid has a 52-week low of $29.71 and a 52-week high of $37.70.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Avangrid by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,072,808 shares of the utilities provider’s stock worth $38,407,000 after acquiring an additional 16,960 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Avangrid in the third quarter valued at $330,000. Kestra Investment Management LLC bought a new position in Avangrid during the third quarter worth about $553,000. Creative Planning boosted its stake in shares of Avangrid by 17.4% during the 3rd quarter. Creative Planning now owns 37,986 shares of the utilities provider’s stock worth $1,360,000 after acquiring an additional 5,618 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Avangrid by 276.5% in the third quarter. Royal London Asset Management Ltd. now owns 105,430 shares of the utilities provider’s stock valued at $3,773,000 after purchasing an additional 77,425 shares during the last quarter. Institutional investors own 13.12% of the company’s stock.

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.