Avangrid, Inc. which can be found using ticker (AGR) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 52 and 34 suggesting an average Analsyt target price of $41.14. Given that the stocks previous close was at $40.49 this would imply there is now a potential upside of 1.6%. The 50 day moving average now sits at $39.86 and the 200 day MA is $43.35. The market cap for the company is $15,415m. Company Website: https://www.avangrid.com
The potential market cap would be $15,663m based on the market consensus.
Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates in two segments: Networks and Renewables. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 9.2 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.
The company has a dividend yield of 4.41% with the ex dividend date set at 31-5-2023 (DMY).
Other points of data to note are a P/E ratio of 17.56, revenue per share of 20.49 and a 1.23% return on assets.
