Is Avangrid Inc (NYSE: AGR) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Avangrid Declares Quarterly Dividend.

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Stocks Info

AGR belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. The current market capitalization of Avangrid Inc is $13.83B. A total of 0.59 million shares were traded on the day, compared to an average of 957.25K shares.

In the most recent transaction, Solomont Alan D bought 138 shares of AGR for 36.52 per share on Apr 01 ’24. After the transaction, the Director now owns 10,605 company shares. In a previous transaction on Mar 01 ’24, Solomont Alan D bought 161 shares at 31.08 per share. AGR shares that Director owns now total 10,467.

Among the insiders who bought shares, Solomont Alan D acquired of 165 shares on Feb 01 ’24 at a per-share price of $30.39. This resulted in the Director holding 10,306 shares of AGR after the transaction. In another insider transaction, Solomont Alan D bought 155 shares at $32.31 per share on Jan 02 ’24. Company shares held by the Director now total 10,141.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Avangrid Inc pays an annual dividend of $1.76, resulting in a dividend yield of 4.92%, and it has a price to earnings (P/E) ratio of 17.61. AGR’s most recent ex-dividend date was 2/29/2024 when it declared a $0.44 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/2/2024 with an ex-dividend date of 11/30/2023. The AGR stock dividend was $0.44 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AGR has a high of $41.22 and a low of $27.46.

As of this writing, AGR has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.59. The company reported an EPS of $0.27 in the last quarter, which was -30.80% lower than expectations of $0.39.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $50.80, while its Total Shareholder’s Equity was $19.96B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 2.78.

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