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AGR

Avangrid NYSE:AGR Stock Report

Last Price

US$41.70

Market Cap

US$16.1b

7D

-7.9%

1Y

-14.4%

Updated

01 Oct, 2022

Data

Company Financials +
AGR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health1/6
Dividends2/6

AGR Stock Overview

Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States.

Avangrid Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Avangrid
Historical stock prices
Current Share PriceUS$41.70
52 Week HighUS$53.95
52 Week LowUS$41.60
Beta0.36
1 Month Change-14.85%
3 Month Change-12.82%
1 Year Change-14.44%
3 Year Change-19.09%
5 Year Change-12.47%
Change since IPO15.45%

Recent News & Updates

Sep 05
Are Avangrid, Inc. (NYSE:AGR) Investors Paying Above The Intrinsic Value?

Are Avangrid, Inc. (NYSE:AGR) Investors Paying Above The Intrinsic Value?

Does the September share price for Avangrid, Inc. ( NYSE:AGR ) reflect what it's really worth? Today, we will estimate...

Aug 15
With EPS Growth And More, Avangrid (NYSE:AGR) Makes An Interesting Case

With EPS Growth And More, Avangrid (NYSE:AGR) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

Jul 26

Avangrid Non-GAAP EPS of $0.46 beats by $0.13, revenue of $1.79B beats by $180M

Avangrid press release (NYSE:AGR): Q2 Non-GAAP EPS of $0.46 beats by $0.13. Revenue of $1.79B (+20.9% Y/Y) beats by $180M. AVANGRID is re-affirming its 2022 U.S. GAAP Net Income and non-U.S. GAAP Adjusted Net Income outlook of $850-$920 million or $2.20-$2.38 per share, based on 387 million average shares outstanding.

Shareholder Returns

AGRUS Electric UtilitiesUS Market
7D-7.9%-8.1%-2.5%
1Y-14.4%-1.3%-23.2%

Return vs Industry: AGR underperformed the US Electric Utilities industry which returned -1.3% over the past year.

Return vs Market: AGR exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is AGR's price volatile compared to industry and market?
AGR volatility
AGR Average Weekly Movement3.3%
Electric Utilities Industry Average Movement3.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: AGR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AGR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19977,300Pedro Azagra Blázquezhttps://www.avangrid.com

Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.

Avangrid Fundamentals Summary

How do Avangrid's earnings and revenue compare to its market cap?
AGR fundamental statistics
Market CapUS$16.12b
Earnings (TTM)US$904.00m
Revenue (TTM)US$7.46b

17.8x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGR income statement (TTM)
RevenueUS$7.46b
Cost of RevenueUS$4.83b
Gross ProfitUS$2.63b
Other ExpensesUS$1.73b
EarningsUS$904.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.34
Gross Margin35.29%
Net Profit Margin12.12%
Debt/Equity Ratio40.9%

How did AGR perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

75%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is AGR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGR?

Other financial metrics that can be useful for relative valuation.

AGR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.4x
Enterprise Value/EBITDA12.9x
PEG Ratio2.7x

Price to Earnings Ratio vs Peers

How does AGR's PE Ratio compare to its peers?

AGR PE Ratio vs Peers
The above table shows the PE ratio for AGR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.1x
EVRG Evergy
16.6x5.5%US$13.6b
ETR Entergy
16.7x10.3%US$20.5b
LNT Alliant Energy
19.1x6.3%US$13.3b
FE FirstEnergy
16x9.1%US$21.1b
AGR Avangrid
17.8x6.6%US$16.1b

Price-To-Earnings vs Peers: AGR is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (17.1x).


Price to Earnings Ratio vs Industry

How does AGR's PE Ratio compare vs other companies in the US Electric Utilities Industry?

Price-To-Earnings vs Industry: AGR is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the US Electric Utilities industry average (17.8x)


Price to Earnings Ratio vs Fair Ratio

What is AGR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AGR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: AGR is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).


Share Price vs Fair Value

What is the Fair Price of AGR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AGR ($41.7) is trading above our estimate of fair value ($38.49)

Significantly Below Fair Value: AGR is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Avangrid forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGR's forecast earnings growth (6.6% per year) is above the savings rate (1.9%).

Earnings vs Market: AGR's earnings (6.6% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: AGR's earnings are forecast to grow, but not significantly.

Revenue vs Market: AGR's revenue (4.2% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: AGR's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGR's Return on Equity is forecast to be low in 3 years time (4.9%).


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Past Performance

How has Avangrid performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AGR has high quality earnings.

Growing Profit Margin: AGR's current net profit margins (12.1%) are higher than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: AGR's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: AGR's earnings growth over the past year (32%) exceeds its 5-year average (10.2% per year).

Earnings vs Industry: AGR earnings growth over the past year (32%) exceeded the Electric Utilities industry 10.1%.


Return on Equity

High ROE: AGR's Return on Equity (4.1%) is considered low.


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Financial Health

How is Avangrid's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AGR's short term assets ($3.0B) do not cover its short term liabilities ($3.3B).

Long Term Liabilities: AGR's short term assets ($3.0B) do not cover its long term liabilities ($16.0B).


Debt to Equity History and Analysis

Debt Level: AGR's net debt to equity ratio (38.9%) is considered satisfactory.

Reducing Debt: AGR's debt to equity ratio has increased from 35.6% to 40.9% over the past 5 years.

Debt Coverage: AGR's debt is not well covered by operating cash flow (18.2%).

Interest Coverage: AGR's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


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Dividend

What is Avangrid current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.22%

Current Dividend Yield

Dividend Yield vs Market

Avangrid Dividend Yield vs Market
How does Avangrid dividend yield compare to the market?
SegmentDividend Yield
Company (Avangrid)4.2%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Electric Utilities)3.3%
Analyst forecast in 3 Years (Avangrid)4.3%

Notable Dividend: AGR's dividend (4.22%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: AGR's dividend (4.22%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, AGR has been paying a dividend for less than 10 years.

Growing Dividend: AGR's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (75.4%), AGR's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: AGR is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average management tenure


CEO

Pedro Azagra Blázquez (54 yo)

2.75yrs

Tenure

US$140,000

Compensation

Mr. Pedro Azagra Blázquez serves as Director of Corporate Development of Iberdrola, S.A. since 2008. He serves as a Director of Avangrid, Inc. since December 12, 2019 and has been its Chief Executive Offic...


Leadership Team

Experienced Management: AGR's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: AGR's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:AGR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Jul 22BuyUS$5,049Alan SolomontIndividual109US$46.32

Ownership Breakdown

What is the ownership structure of AGR?
Owner TypeNumber of SharesOwnership Percentage
State or Government29,9820.008%
Individual Insiders242,2190.06%
General Public19,834,8415.1%
Institutions50,857,83213.2%
Public Companies315,659,35781.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 92.19% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
81.65%
Iberdrola, S.A.
315,659,357$13.2b0%no data
1.96%
The Vanguard Group, Inc.
7,597,050$316.8m3.12%0.01%
1.65%
BlackRock, Inc.
6,361,017$265.3m24.05%0.01%
1.19%
Wellington Management Group LLP
4,606,087$192.1m-11.34%0.04%
1.02%
ATLAS Infrastructure Partners (UK) Ltd
3,954,647$164.9m78.92%26.98%
0.91%
City National Rochdale, LLC
3,501,092$146.0m-0.61%0.61%
0.47%
State Street Global Advisors, Inc.
1,799,203$75.0m16.58%no data
0.45%
First Trust Advisors LP
1,746,155$72.8m12.79%0.09%
0.3%
Norges Bank Investment Management
1,149,700$47.9m0%0.01%
0.25%
GAMCO Investors, Inc.
981,283$40.9m-3.11%0.19%
0.25%
RobecoSAM AG
975,000$40.7m0%0.42%
0.25%
Danske Capital AS
949,761$39.6m-40.6%0.33%
0.23%
Geode Capital Management, LLC
881,572$36.8m3.85%0.01%
0.2%
FMR LLC
782,173$32.6m17524.45%no data
0.2%
Legal & General Investment Management Limited
764,608$31.9m-1.75%0.01%
0.15%
Eaton Vance Management
566,218$23.6m10.4%0.01%
0.15%
Marshall Wace LLP
562,232$23.4m106.82%0.07%
0.14%
Mackenzie Financial Corporation
536,971$22.4m7578.69%0.03%
0.14%
Millennium Management LLC
527,167$22.0m9303.62%0.03%
0.12%
J.P. Morgan Asset Management, Inc.
480,858$20.1m-3.61%no data
0.11%
UBS Asset Management
442,639$18.5m-17.59%no data
0.11%
Charles Schwab Investment Management, Inc.
417,615$17.4m6.35%no data
0.11%
BNY Mellon Asset Management
412,564$17.2m17.31%no data
0.11%
Goldman Sachs Asset Management, L.P.
407,845$17.0m93.18%0.01%
0.097%
Accrued Equities Inc.
375,000$15.6m0%4.92%

Company Information

Avangrid, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Avangrid, Inc.
  • Ticker: AGR
  • Exchange: NYSE
  • Founded: 1997
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: US$16.122b
  • Shares outstanding: 386.62m
  • Website: https://www.avangrid.com

Number of Employees


Location

  • Avangrid, Inc.
  • 180 Marsh Hill Road
  • Orange
  • Connecticut
  • 6477
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGRNYSE (New York Stock Exchange)YesNew Common StockUSUSDDec 2015
12ADB (Deutsche Boerse AG)YesNew Common StockDEEURDec 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.