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Why Avangrid (AGR) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-09-16 14:52
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Sc ...
Buy 9 Sustainable Dividend Dogs From Barron's August 100
Seeking Alpha· 2024-09-15 12:55
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 to Deliver 791 MW of Offshore Wind Power to Massachusetts
ZACKS· 2024-09-09 18:40
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 ...
This Utility Has A 4.94% Yield And Sells For Less Than Book
Forbes· 2024-09-04 15:01
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 ...
Why Is Avangrid (AGR) Up 1.3% Since Last Earnings Report?
ZACKS· 2024-08-22 16:36
A month has gone by since the last earnings report for Avangrid (AGR) . Shares have added about 1.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Avangrid due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. AVANGRID's Q2 Earnings and Revenues Beat EstimatesAVANGR ...
Avangrid's (AGR) Arms Install More Than 700,000 Smart Meters
ZACKS· 2024-08-22 13:20
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 ...
Buy 10 Sustainable Dividend Dogs Of Barron's August 100
Seeking Alpha· 2024-08-11 14:02
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].
Avangrid(AGR) - 2024 Q2 - Quarterly Report
2024-07-24 20:07
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 ...
AVANGRID's (AGR) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-07-24 15:50
AVANGRID, Inc. (AGR) reported second-quarter 2024 earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 27 cents by 81.5%. The bottom line also increased 133.3% from the year-ago quarter’s figure of 21 cents.Total RevenuesOperating revenues amounted to $1.92 billion, which beat the Zacks Consensus Estimate of $1.72 billion by 11.9%. The top line also increased 21.2% from $1.59 billion reported in the comparable period of 2023.Highlights of the ReleaseOperating expenses totaled $1.7 ...
Avangrid (AGR) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-23 22:31
Avangrid (AGR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 81.48%. A quarter ago, it was expected that this diversified energy and utility company would post earnings of $0.71 per share when it actually produced earnings of $0.88, delivering a surprise of 23.94%.Over the last four ...