AGR stock icon

Avangrid
AGR

$35.52
0.34%
 

About: Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates nearly 8.6 gigawatts of renewable energy projects across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.6% of Avangrid and has proposed to acquire the remaining shares.

Employees: 7,999

0
Funds holding %
of 6,702 funds
Analysts bullish %
0
News positive %
of 46 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 6 (+3) [Q1 2024]

9% more capital invested

Capital invested by funds: $1.64B [Q4 2023] → $1.79B (+$148M) [Q1 2024]

8% more call options, than puts

Call options by funds: $2.03M | Put options by funds: $1.88M

4% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 92

0.4% less ownership

Funds ownership: 13.1% [Q4 2023] → 12.7% (-0.4%) [Q1 2024]

1% less funds holding

Funds holding: 277 [Q4 2023] → 275 (-2) [Q1 2024]

4% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 55

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target
$35
1%
downside
Avg. target
$35
1%
downside
High target
$35
1%
downside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Wells Fargo
Neil Kalton
1%downside
$35
Equal-Weight
Maintained
23 Feb 2024

Financial journalist opinion

Based on 46 articles about AGR published over the past 30 days