28-Mar-2024
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Business Wire (Wed, 27-Mar 2:25 PM ET)
Avangrid Foundation Celebrates National Reading Month
Business Wire (Tue, 26-Mar 2:00 PM ET)
Avangrid Foundation Provides $100,000 Grant to Expand Food Pantry at SUNY Broome
Business Wire (Thu, 21-Mar 1:40 PM ET)
Business Wire (Tue, 19-Mar 2:01 PM ET)
Avangrid Receives Eddy Award for Student Loan Debt Repayment Program
Business Wire (Tue, 19-Mar 9:58 AM ET)
Avangrid Launches New Educational Tool to Simplify Billing for Utility Customers
Business Wire (Fri, 15-Mar 9:45 AM ET)
Avangrid Announces Construction of its Fifth Wind Farm in Illinois
Business Wire (Mon, 11-Mar 2:31 PM ET)
Avangrid Recognizes Pioneering Women Leaders on International Women's Day
Business Wire (Fri, 8-Mar 10:52 AM ET)
Avangrid Releases Kitty Hawk Wind Economic Impact Report
Business Wire (Thu, 7-Mar 9:12 AM ET)
Avangrid Announces Receipt of "Take Private" Proposal From Iberdrola, S.A.
Business Wire (Thu, 7-Mar 6:36 AM ET)
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.
Avangrid trades on the NYSE stock market under the symbol AGR.
As of March 28, 2024, AGR stock price climbed to $36.44 with 495,809 million shares trading.
AGR has a beta of 0.85, meaning it tends to be less sensitive to market movements. AGR has a correlation of 0.12 to the broad based SPY ETF.
AGR has a market cap of $14.09 billion. This is considered a Large Cap stock.
Last quarter Avangrid reported $2 billion in Revenue and $.97 earnings per share. This fell short of revenue expectation by $-118 million and exceeded earnings estimates by $.06.
In the last 3 years, AGR stock traded as high as $55.57 and as low as $27.46.
The top ETF exchange traded funds that AGR belongs to (by Net Assets): VTI, VO, VXF, ICLN, VTV.
AGR stock has underperformed the market in the last year with a return of -1.5%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AGR shares. However, AGR has outperformed the market in the last 3 month and 2 week periods, returning +13.8% and +2.4%, while SPY returned +10.1% and +1.7%, respectively. This indicates AGR has been having a stronger performance recently.
AGR support price is $35.70 and resistance is $36.68 (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 stock will trade within this expected range on the day.