Avangrid (AGR)
(Delayed Data from NYSE)
$35.52 USD
+0.12 (0.34%)
Updated Jul 12, 2024 04:00 PM ET
After-Market: $35.53 +0.01 (0.03%) 7:58 PM ET
3-Hold of 5 3
C Value D Growth A Momentum D VGM
Company Summary
The merger of Iberdrola U.S.A with The UIL Holdings Corporation in December 2015, lead to the formation of Avangrid. Iberdrola owns 81.6% of the outstanding shares of Avangrid. Avangrid is headquartered in Orange, CT, with operations in 24 U.S. states. It is the third largest solar and wind generator in the United States, with $44 billion of assets. The company operates via two primary businesses, namely Avangrid Networks and Avangrid Renewables.
The Avangrid Networks owns and operates regulated utility businesses through its subsidiaries, including electric transmission and distribution, and natural gas distribution, transportation and sales.
It owns ...
Company Summary
The Avangrid Networks owns and operates regulated utility businesses through its subsidiaries, including electric transmission and distribution, and natural gas distribution, transportation and sales.
It owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England.
Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities, primarily using onshore wind power besides solar, biomass and thermal power across the United States. As of Dec 31, 2023, the Renewables segment’s installed capacity included 68 onshore wind farms and six solar facilities in 21 states. The company is investing in its Renewables portfolio and its financials are expected to benefit as the government and companies are shifting focus to cleaner and sustainable energy goals. The segment had a combined wind, solar and thermal installed capacity of 9,338 megawatts (MW) as of Dec 31, 2023, including a share of joint projects, of which 8,084 MW was installed wind capacity.
In March 2024, Avangrid received a proposal from Iberdrola to buy the remaining 18.4% of Avangrid’s outstanding shares for about $2.5 billion. Iberdrola has made a non-binding cash offer for Avangrid at $34.25 per share. Avangrid’s board is evaluating Iberdrola's proposal, and no decision has yet been made.
This proposal came after Avangrid abandoned its plan to acquire all the outstanding shares of PNM Resources, Inc. for $4.3 billion. It was because all final regulatory approvals were not received by Dec 31, 2023, the end date under the merger agreement, after which either AGR or PNM could terminate the agreement if the merger had not yet been consummated.
General Information
Avangrid, Inc
180 Marsh Hill Road
Orange, CT 06477
Phone: 207-629-1190
Fax: NA
Email: investors@avangrid.com
Industry | Utility - Electric Power |
Sector | Utilities |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Earnings Date | 7/23/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.27 |
Current Year EPS Consensus Estimate | 2.22 |
Estimated Long-Term EPS Growth Rate | 6.00 |
Earnings Date | 7/23/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 35.40 |
52 Week High | 39.13 |
52 Week Low | 27.46 |
Beta | 0.55 |
20 Day Moving Average | 592,748.88 |
Target Price Consensus | 36.63 |
4 Week | 0.14 |
12 Week | -2.32 |
YTD | 9.23 |
4 Week | -2.56 |
12 Week | -12.35 |
YTD | -6.71 |
Shares Outstanding (millions) | 386.91 |
Market Capitalization (millions) | 13,696.48 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 4.97% |
Annual Dividend | $1.76 |
Payout Ratio | 0.76 |
Change in Payout Ratio | -0.08 |
Last Dividend Payout / Amount | 6/3/2024 / $0.44 |
Fundamental Ratios
P/E (F1) | 15.95 |
Trailing 12 Months | 15.19 |
PEG Ratio | 2.66 |
vs. Previous Year | 37.50% |
vs. Previous Quarter | -9.28% |
vs. Previous Year | -1.99% |
vs. Previous Quarter | 5.92% |
Price/Book | 0.66 |
Price/Cash Flow | 6.96 |
Price / Sales | 1.66 |
6/30/24 | NA |
3/31/24 | 4.35 |
12/31/23 | 3.92 |
6/30/24 | NA |
3/31/24 | 2.07 |
12/31/23 | 1.90 |
6/30/24 | NA |
3/31/24 | 0.58 |
12/31/23 | 0.65 |
6/30/24 | NA |
3/31/24 | 0.50 |
12/31/23 | 0.56 |
6/30/24 | NA |
3/31/24 | 10.86 |
12/31/23 | 9.67 |
6/30/24 | NA |
3/31/24 | 10.80 |
12/31/23 | 9.46 |
6/30/24 | NA |
3/31/24 | 9.70 |
12/31/23 | 7.90 |
6/30/24 | NA |
3/31/24 | 53.99 |
12/31/23 | 53.46 |
6/30/24 | NA |
3/31/24 | 11.12 |
12/31/23 | 11.94 |
6/30/24 | NA |
3/31/24 | 0.47 |
12/31/23 | 0.48 |
6/30/24 | NA |
3/31/24 | 32.06 |
12/31/23 | 32.56 |