AGR Stock Summary and Trading Ideas (Avangrid | NYSE:AGR)

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 US. 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.

Avangrid trades on the NYSE stock market under the symbol AGR.

As of December 16, 2024, AGR stock price climbed to $35.71 with 123,910 million shares trading.

AGR has a beta of -0.21, meaning it tends to be less sensitive to market movements. AGR has a correlation of 0.02 to the broad based SPY ETF.

AGR has a market cap of $13.82 billion. This is considered a Large Cap stock.

Last quarter Avangrid reported $2 billion in Revenue and $.55 earnings per share. This beat revenue expectation by $43 million and exceeded earnings estimates by $.22.

In the last 3 years, AGR traded as high as $51.71 and as low as $27.46.

The top ETF exchange traded funds that AGR belongs to (by Net Assets): VTI, VO, FVD, VXF, VTV.

AGR has underperformed the market in the last year with a return of +12.3%, while the SPY ETF gained +30.5%. In the last 3 month period, AGR fell short of the market, returning +0.8%, while SPY returned +8.3%. However, in the most recent 2 weeks AGR has outperformed the stock market by returning +1.4%, while SPY returned +0.7%.

AGR support price is $35.49 and resistance is $35.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGR shares will trade within this expected range on the day.