Brokerages Reach Consensus Rating of “Hold” for Avangrid,
February 9, 2023
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Avangrid ($NYSE:AGR), Inc. is a leading international energy and utility company based in the United States. It provides energy solutions to customers in the United States, Mexico, and Europe, through its subsidiaries and affiliates. Avangrid, Inc. is one of the largest publicly traded companies in the energy sector and has a diversified portfolio of renewable energy, natural gas, and electricity assets. Recently, brokerages have given Avangrid, Inc. a Consensus Rating of “Hold”. This rating is based on a variety of factors including the company’s financial performance, competitive landscape, and growth prospects. Avangrid, Inc. has been investing heavily in its renewable energy business, increasing its focus on solar, wind, and other clean energy sources. The company has been working to expand its transmission and distribution networks to support growth in this area. Avangrid, Inc. is also investing in infrastructure upgrades as well as digital initiatives to improve customer service. The company has also been making efforts to reduce its debt levels by selling non-core assets. Avangrid, Inc. is also focusing on cost-saving initiatives to improve its profitability.
However, some brokerages believe that the company’s financial performance could be affected by macroeconomic risks such as oil price volatility and currency fluctuations. Overall, Avangrid, Inc. has been rated as a “Hold” by brokerages due to its current market position and growth prospects. The company is taking steps to improve its financial performance and position itself for long-term growth. Investors should keep an eye on Avangrid, Inc.’s progress and performance in the coming quarters to get a better sense of its future prospects.
Stock Price
On Wednesday, Avangrid, Inc. (AVANGRID) saw its stock open at $41.0 and close at $40.5, representing a decrease of 1.7% from the previous closing price of 41.2. Analysts have pointed out that the stock has seen a decrease in its trading volume over the last few weeks. This could be a sign that investors are not as interested in the stock as they have been in the past. Furthermore, AVANGRID’s stock has seen a decrease in its price to earnings ratio. Analysts have noted that this could mean that investors are not as optimistic about the company’s future prospects as they have been in the past.
It is important to note that despite the consensus rating of “Hold,” there are still a number of analysts that have given AVANGRID a “Buy” rating. These analysts believe that the company’s current stock price presents an attractive buying opportunity and that the stock could see a rebound in the near future. Overall, it appears that brokerages have reached a consensus rating of “Hold” for AVANGRID’s stock based on its recent performance and valuation metrics. Investors will want to keep an eye on how the company’s stock performs going forward to gain further insight into its future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avangrid. More…
| Total Revenues | Net Income | Net Margin |
| 7.7k | 898 | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avangrid. More…
| Operations | Investing | Financing |
| 1.51k | -2.44k | 889 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avangrid. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 39.75k | 19.37k | 50.2 |
Key Ratios Snapshot
Some of the financial key ratios for Avangrid are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.4% | -6.2% | 15.2% |
| FCF Margin | ROE | ROA |
| -20.8% | 3.8% | 1.8% |
Analysis
GoodWhale recently conducted a thorough analysis of AVANGRID to examine the company’s wellbeing. The results of the evaluation showed that AVANGRID is a medium risk investment from both a financial and business perspective. Specifically, GoodWhale detected two risk warnings in the company’s income sheet and balance sheet. Although the exact nature of these warnings is not specified, they could potentially indicate a need for closer monitoring or further research. It is important to note that GoodWhale’s analysis is not intended to provide investment advice, but rather to give potential investors an idea of AVANGRID’s risk profile. Therefore, it is recommended that prospective investors seek additional advice from a qualified financial advisor before making any decisions. In conclusion, GoodWhale’s analysis suggests that AVANGRID is a medium risk investment in terms of financial and business aspects. However, prospective investors should take the time to research the company further before making any decisions. For more information, those interested can register with GoodWhale to view the full report. More…
Peers
The competition between Avangrid Inc and its competitors is fierce. Southern Co, Consolidated Edison Inc, and NextEra Energy Inc are all giant companies in the energy industry, and they are all fighting for market share.
– Southern Co ($NYSE:SO)
The Southern Company is an American electric utility holding company headquartered in Atlanta, Georgia, United States. It is the parent company of Georgia Power, Mississippi Power, Alabama Power, and Gulf Power.
– Consolidated Edison Inc ($NYSE:ED)
Consolidated Edison Inc has a market cap of 29.58B as of 2022. It is a Return on Equity of 8.28%. The company is engaged in the business of electric, gas and steam utility operations. It serves customers in New York City and Westchester County.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc. is a clean energy company with operations in 27 states and Canada. The company has a market cap of 138.79B as of 2022 and a return on equity of 4.45%. NextEra Energy’s business is divided into two segments: electric power generation and retail electricity sales. The company generates electricity from natural gas, nuclear, solar, and wind power. It also sells electricity to residential, commercial, and industrial customers through its subsidiaries. NextEra Energy is one of the largest electric utilities in the United States and the largest generator of renewable energy in the world.
Summary
Investors should exercise caution when considering an investment in Avangrid, Inc. (AVAN). Brokerages have reached a consensus rating of “Hold” for the company due to a number of factors. The company’s debt levels have been increasing and their operating cash flow has declined significantly. Additionally, the company’s profits have decreased slightly year-over-year and their dividend yield has dropped to a relatively low level.
However, Avangrid maintains a solid balance sheet with adequate liquidity and a healthy dividend payout ratio. The company’s investments in renewable energy have also been seen as a positive. All in all, investors should continue to monitor Avangrid’s performance before making any investing decisions.
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