Investing In Avangrid Inc (NYSE: AGR): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Avangrid Partners with SUNY Broome Community College to Launch New Lineworker Training Program.

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Stocks Info

The company is listed on the NYSE and operates within the Utilities – Regulated Electric industry segment. The current market capitalization of Avangrid Inc is $12.16B. A total of 0.94 million shares were traded on the day, compared to an average of 952.86K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AGR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 8 SELLs from insiders. Insiders purchased 54,112 shares during that period but sold 27,931.

In the most recent transaction, Solomont Alan D bought 155 shares of AGR for 32.31 per share on Jan 02. After the transaction, the Director now owns 10,141 company shares. In a previous transaction on Dec 01, Solomont Alan D bought 162 shares at 30.75 per share. AGR shares that Director owns now total 9,986.

Among the insiders who bought shares, Solomont Alan D acquired of 168 shares on Nov 01 at a per-share price of $29.90. This resulted in the Director holding 9,824 shares of AGR after the transaction. In another insider transaction, Solomont Alan D bought 166 shares at $29.90 per share on Oct 02. Company shares held by the Director now total 9,656.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Avangrid Inc pays an annual dividend of $1.76, resulting in a dividend yield of 5.60%, and it has a price to earnings (P/E) ratio of 22.71. AGR’s most recent ex-dividend date was 11/30/2023 when it declared a $0.44 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 8/31/2023. The AGR stock dividend was $0.44 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AGR in the last 3 months, the mean price target is $32.71 with high estimates of $35.00 and low estimates of $30.00. In terms of 52-week highs and lows, AGR has a high of $43.01 and a low of $27.46.

As of this writing, AGR has an earnings estimate of $First Majestic Silver Corp. per share for the current quarter. EPS was calculated based on a consensus of Arbor Realty Trust estimates, with a high estimate of $iShares Core U.S. Aggregate Bon per share and a lower estimate of $ARMOUR Residential REIT, Inc.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AGR’s latest balance sheet shows that the firm has $1.47B in Cash & Short Term Investments as of fiscal 2021. There were $8.62B in debt and $3.33B in liabilities at the time. Its Book Value Per Share was $50.26, while its Total Shareholder’s Equity was $19.96B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AGR is Buy with a score of 2.90.

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