Avangrid Inc (AGR) : Greenlight Capital Inc reduced its stake in Avangrid Inc by 33.33% during the most recent quarter end. The investment management company now holds a total of 3,500,000 shares of Avangrid Inc which is valued at $153,720,000 after selling 1,750,000 shares in Avangrid Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Avangrid Inc makes up approximately 2.45% of Greenlight Capital Inc’s portfolio.
Other Hedge Funds, Including , Point72 Asset Management added AGR to its portfolio by purchasing 866,702 company shares during the most recent quarter which is valued at $38,065,552. Avangrid Inc makes up approx 0.30% of Point72 Asset Management’s portfolio.Vanguard Group Inc boosted its stake in AGR in the latest quarter, The investment management firm added 269,052 additional shares and now holds a total of 4,660,443 shares of Avangrid Inc which is valued at $204,686,657. Avangrid Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio. Ftb Advisors added AGR to its portfolio by purchasing 65 company shares during the most recent quarter which is valued at $2,934.Sigma Planning Corp boosted its stake in AGR in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 6,141 shares of Avangrid Inc which is valued at $277,143. Avangrid Inc makes up approx 0.04% of Sigma Planning Corp’s portfolio.
On the company’s financial health, Avangrid Inc reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.29. The company had revenue of $330.50 million for the quarter, compared to analysts expectations of $318.37 million. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Investors should note that on Jul 14, 2016, Avangrid Inc announced a cash dividend of $0.4320. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 3, 2016.
Avangrid Inc. formerly Iberdrola USA Inc. is an energy services holding company. The Company through its principal subsidiaries Iberdrola USA Networks Inc. (Iberdrola Networks) and Iberdrola Renewables Holding Inc. (IRHI) is engaged in the regulated energy distribution renewable energy generation (Renewables) and gas businesses (Gas) collectively (Renewables and Gas). The Company operates through three segments: Networks Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities and any other regulated activity originated in New York and Maine carried out by the Company and its subsidiaries. Renewables segment includes activities relating to renewable energy mainly wind energy generation and trading related with such activities. The Gas segment includes gas trading and storage businesses carried on by the Company and its subsidiaries. Iberdrola Networks owns and operates the regulated utility businesses of the Company.