Avangrid Inc (NYSE: AGR) is 10.37% higher on its value in year-to-date trading and has touched a low of $27.46 and a high of $37.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AGR stock was last observed hovering at around $35.73 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $35.77, the stock is 0.10% and -0.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 0.11% at the moment leaves the stock 3.03% off its SMA200. AGR registered 26.13% gain for a year compared to 6-month loss of -0.50%. The firm has a 50-day simple moving average (SMA 50) of $35.7768 and a 200-day simple moving average (SMA200) of $34.7257.
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The stock witnessed a 0.31% gain in the last 1 month and extending the period to 3 months gives it a 1.19%, and is 0.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.31% over the week and 0.38% over the month.
Avangrid Inc (AGR) has around 7999 employees, a market worth around $13.84B and $8.79B in sales. Current P/E ratio is 14.19 and Fwd P/E is 14.79. Profit margin for the company is 11.10%. Distance from 52-week low is 30.26% and -5.12% from its 52-week high. The company has generated returns on investments over the last 12 months (3.21%).
The EPS is expected to grow by 7.42% this year
409.0 institutions hold shares in Avangrid Inc (AGR), with institutional investors hold 67.41% of the company’s shares. The shares outstanding are 386.77M, and float is at 71.03M with Short Float at 1.87%. Institutions hold 12.39% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.52 million shares valued at $267.28 million. The investor’s holdings represent 1.9443 of the AGR Shares outstanding. As of 2024-06-30, the second largest holder is ATLAS INFRASTRUCTURE PARTNERS (UK) LTD. with 6.57 million shares valued at $233.25 million to account for 1.6968 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.99 million shares representing 1.5475 and valued at over $212.74 million, while MACKENZIE FINANCIAL CORP holds 0.5218 of the shares totaling 2.02 million with a market value of $71.73 million.
Avangrid Inc (AGR) Insider Activity
The most recent transaction is an insider purchase by Solomont Alan D, the company’s Director. SEC filings show that Solomont Alan D bought 141 shares of the company’s common stock on Jul 01 ’24 at a price of $35.68 per share for a total of $5031.0. Following the purchase, the insider now owns 11024.0 shares.
Avangrid Inc disclosed in a document filed with the SEC on Jun 03 ’24 that Solomont Alan D (Director) bought a total of 141 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $36.85 per share for $5196.0. Following the transaction, the insider now directly holds 10883.0 shares of the AGR stock.
Still, SEC filings show that on May 01 ’24, Solomont Alan D (Director) acquired 137 shares at an average price of $36.48 for $4998.0. The insider now directly holds 10,742 shares of Avangrid Inc (AGR).
