Group 1 - The stock of Avangrid, Inc. (AGR) is experiencing significant attention due to high implied volatility in the options market, particularly the Nov. 15, 2024 $40 Put option [1] - Implied volatility indicates market expectations for future stock movement, suggesting potential upcoming events that could lead to significant price changes [2] - Analysts have a mixed outlook on Avangrid, with no earnings estimate increases in the last 60 days and a decrease in consensus estimates from 43 cents to 33 cents per share [3] Group 2 - The current Zacks Rank for Avangrid is 3 (Hold), placing it in the top 16% of the Utility - Electric Power industry [3] - High implied volatility may present trading opportunities, as seasoned options traders often seek to sell premium on such options to capture decay [3]

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] Zacks Style Scores - Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum, helping investors identify securities likely to outperform the market in the short term [2] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Score identifies attractive stocks using financial ratios such as P/E, PEG, and Price/Sales, appealing to value investors seeking undervalued opportunities [2] Growth Score - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow to find stocks with sustainable growth [3] Momentum Score - The Momentum Score leverages price trends and earnings estimate changes to identify favorable times for investing in high-momentum stocks [3] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [4] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - There are over 800 top-rated stocks available, making it essential for investors to select those with high Zacks Ranks and favorable Style Scores [6] Stock to Watch: Avangrid (AGR) - Avangrid, formed from the merger of Iberdrola U.S.A and UIL Holdings, operates in 24 U.S. states and is a leading solar and wind generator with $45 billion in assets [8] - AGR holds a 3 (Hold) Zacks Rank and a VGM Score of B, with a Value Style Score of B due to a forward P/E ratio of 15.98 [8] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate increasing to $2.24 per share and an average earnings surprise of 18.2% [8][9]

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Ralf Hahn/iStock via Getty Images Foreword This article is based on 100 top sustainable companies based on Calvert Research and Management's annual review of more than 230 Environmental, Social and Governance (ESG) performance indicators, such as workplace diversity, data security, and greenhouse-gas emissions, as reported in the February 26, 2024 edition of Barron's weekly. How Barron's determined their list "To build Barron's seventh annual ranking of the most sustainable companies, Calvert Research a ...

Avangrid Inc. (AGR) announced that it has been awarded 791 megawatts (MW) by the Commonwealth of Massachusetts in the multi-state regional offshore wind solicitation.Details of AGR’s New ProjectNew England Wind 1 is an offshore wind development located in the federal lease area OCS-A-0534, roughly 30 miles south of Barnstable, MA, and making landfall under the Craigville Beach parking lot in Barnstable. The project is well-positioned to deliver an urgent energy, climate and economic solution to Massachusett ...

Avangrid has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, AGR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AGR share price of $35.66 represents a price-to-book ratio of 0.7 and an annual dividend yield of 4.94% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.9% and trades ...

Core Viewpoint - Avangrid's recent earnings report shows significant growth in earnings and revenues, outperforming estimates, but the stock has underperformed the S&P 500 in the past month, raising questions about future performance [1][2][3]. Financial Performance - Avangrid reported Q2 2024 earnings of 49 cents per share, exceeding the Zacks Consensus Estimate of 27 cents by 81.5% and increasing 133.3% from 21 cents in the same quarter last year [2]. - Total operating revenues reached $1.92 billion, surpassing the Zacks Consensus Estimate of $1.72 billion by 11.9% and reflecting a 21.2% increase from $1.59 billion in Q2 2023 [3]. Operating Expenses and Income - Operating expenses totaled $1.72 billion, up 17.9% from $1.46 billion in the prior year, primarily due to an 11.4% rise in purchased power, natural gas, and fuel costs [4]. - Operating income was $201 million, a 59.5% increase from $126 million reported in the previous year [4]. Net Income and Adjusted Figures - Adjusted net income for the quarter was $189 million, up 136.3% from $80 million in Q2 2023 [4]. - Segment performance showed Networks' adjusted net income at $152 million, doubling from $76 million year-over-year, while Renewables' net income was $70 million, a slight increase of 1.5% from $69 million [6]. Strategic Developments - Avangrid executed 578 MW of onshore wind and solar power purchase agreements and began construction on the Camino 57 MW solar farm in California [4]. - The company announced a deal to sell the offshore wind leasing area in Kitty Hawk North and received federal approval for New England Wind offshore projects [5]. Market Sentiment and Estimates - There has been a downward trend in estimates revisions, with a consensus estimate shift of -8.33% noted [7]. - Avangrid currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [9].

Avangrid Inc. (AGR) and its subsidiaries, New York State Electric & Gas (“NYSEG”) and Rochester Gas and Electric (“RG&E”), announced the installation of more than 700,000 smart meters for electric and natural gas customers statewide.The seven NYSEG and RG&E divisions that are presently receiving upgrades are Ithaca, Rochester, Brewster, Sodus, Binghamton, Canandaigua, Lancaster and Hornell. The upgrades are also focused on new builds and meter replacements in other parts of the state.Benefits of Smart Meter ...

Core Insights - The article discusses Barron's seventh annual ranking of the most sustainable companies, highlighting the top 100 based on ESG performance indicators [3][4]. Group 1: Ranking Methodology - Barron's ranking was based on an analysis of the 1,000 largest publicly traded companies, evaluated on five key constituencies: shareholders, employees, customers, community, and the planet [3]. - Over 230 ESG performance indicators were assessed, with companies needing to score above the bottom quarter in each material stakeholder category to qualify for the list [3][4]. Group 2: Dividend-Paying Companies - Among the 100 sustainable companies, 77 were identified as dividend payers, with 10 of these showing annual dividends exceeding their share prices, indicating potential buy signals for investors [4]. - The companies that met this criterion include NextEra Energy Partners, Franklin Resources, and The Kraft Heinz Company, among others [4]. Group 3: Projected Gains - Analysts estimated net gains for ten top ESG companies ranging from 15.3% to 49.52% by August 2025, with four of these stocks also being among the top ten gainers based on analyst target prices [5][6]. - The average net gain for a $10,000 investment in these ten stocks was projected at 23.87%, with an average risk/volatility 7% lower than the market [6]. Group 4: Top Performers - The Estee Lauder Companies were projected to net $495.16 based on analyst estimates, while Target Corp. was expected to net $303.28 [6]. - Other notable projections include Merck & Co. at $238.60 and Bank of America at $200.62, indicating strong potential returns for these companies [6][11]. Group 5: Sector Representation - The top ten sustainable companies by yield included representatives from various sectors, such as utilities (NextEra Energy Partners), financial services (Franklin Resources), and consumer cyclical (Best Buy) [10]. - This diverse representation highlights the broad appeal and potential of sustainable investments across different industries [10].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to i Commission File No. 001-37660 Avangrid, Inc. (Exact Name of Registrant as Specified in its Charter) New York 14-1798693 (State or other jurisdiction of incorporation o ...