Loading...

Avangrid

NYSE:AGR
Snowflake Description

Proven track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGR
NYSE
$16B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Avangrid, Inc. operates as an energy services holding company in the United States. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
AGR Share Price and Events
7 Day Returns
1.1%
NYSE:AGR
1.8%
US Electric Utilities
-1.4%
US Market
1 Year Returns
-4.8%
NYSE:AGR
16.5%
US Electric Utilities
1.6%
US Market
AGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avangrid (AGR) 1.1% -0.5% 4.4% -4.8% 21.9% -
US Electric Utilities 1.8% 2.1% 4.6% 16.5% 21.1% 39.3%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • AGR underperformed the Electric Utilities industry which returned 16.5% over the past year.
  • AGR underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
AGR
Industry
5yr Volatility vs Market

Value

 Is Avangrid undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Avangrid. This is due to cash flow or dividend data being unavailable. The share price is $50.83.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Avangrid's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avangrid's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:AGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.84
NYSE:AGR Share Price ** NYSE (2019-05-24) in USD $50.83
United States of America Electric Utilities Industry PE Ratio Median Figure of 26 Publicly-Listed Electric Utilities Companies 22.09x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Avangrid.

NYSE:AGR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AGR Share Price ÷ EPS (both in USD)

= 50.83 ÷ 1.84

27.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avangrid is overvalued based on earnings compared to the US Electric Utilities industry average.
  • Avangrid is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Avangrid's expected growth come at a high price?
Raw Data
NYSE:AGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
14.1%per year
United States of America Electric Utilities Industry PEG Ratio Median Figure of 23 Publicly-Listed Electric Utilities Companies 3.11x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:AGR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.7x ÷ 14.1%

1.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avangrid is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Avangrid's assets?
Raw Data
NYSE:AGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $49.05
NYSE:AGR Share Price * NYSE (2019-05-24) in USD $50.83
United States of America Electric Utilities Industry PB Ratio Median Figure of 29 Publicly-Listed Electric Utilities Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
NYSE:AGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AGR Share Price ÷ Book Value per Share (both in USD)

= 50.83 ÷ 49.05

1.04x

* Primary Listing of Avangrid.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avangrid is good value based on assets compared to the US Electric Utilities industry average.
X
Value checks
We assess Avangrid's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Avangrid has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Avangrid expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avangrid expected to grow at an attractive rate?
  • Avangrid's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Avangrid's earnings growth is expected to exceed the United States of America market average.
  • Avangrid's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:AGR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:AGR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 14.1%
NYSE:AGR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.4%
United States of America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
United States of America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:AGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:AGR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 6,682 1,867 874 2
2020-12-31 6,615 1,837 759 5
2019-12-31 6,330 1,401 679 5
NYSE:AGR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 6,455 1,509 568
2018-12-31 6,478 1,791 595
2018-09-30 6,346 1,758 399
2018-06-30 6,141 1,821 373
2018-03-31 6,070 1,919 386
2017-12-31 5,963 1,763 381
2017-09-30 5,921 1,669 667
2017-06-30 5,998 1,580 677
2017-03-31 6,106 1,606 659
2016-12-31 6,018 1,561 632
2016-09-30 5,680 1,614 519
2016-06-30 5,310 1,487 464

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Avangrid's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Avangrid's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:AGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Avangrid Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AGR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 2.38 2.56 2.20 2.00
2019-12-31 2.17 2.28 2.05 2.00
NYSE:AGR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.84
2018-12-31 1.92
2018-09-30 1.29
2018-06-30 1.21
2018-03-31 1.25
2017-12-31 1.23
2017-09-30 2.16
2017-06-30 2.19
2017-03-31 2.13
2016-12-31 2.04
2016-09-30 1.74
2016-06-30 1.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Avangrid is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Avangrid's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Avangrid has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Avangrid performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Avangrid's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Avangrid's year on year earnings growth rate has been positive over the past 5 years.
  • Avangrid's 1-year earnings growth exceeds its 5-year average (47.2% vs 17.4%)
  • Avangrid's earnings growth has exceeded the US Electric Utilities industry average in the past year (47.2% vs 9.7%).
Earnings and Revenue History
Avangrid's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Avangrid Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AGR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 6,455.00 568.00 122.00
2018-12-31 6,478.00 595.00 128.00
2018-09-30 6,346.00 399.00 8.00
2018-06-30 6,141.00 373.00
2018-03-31 6,070.00 386.00 122.00
2017-12-31 5,963.00 381.00 120.00
2017-09-30 5,921.00 667.00 57.00
2017-06-30 5,998.00 677.00
2017-03-31 6,106.00 659.00 19.00
2016-12-31 6,018.00 632.00
2016-09-30 5,680.00 519.00
2016-06-30 5,310.00 464.00
2016-03-31 4,810.00 373.00
2015-12-31 4,367.00 273.00
2015-09-30 4,332.00 268.00
2015-06-30 4,266.00 278.00
2015-03-31 4,265.00 330.00
2014-12-31 4,594.00 424.00
2014-09-30 5,346.97 11.91
2014-06-30 5,152.33 32.51
2014-03-31 4,799.96 396.31 1,129.72
2013-12-31 4,313.00 -51.00
2013-09-30 3,258.36 259.40
2013-06-30 3,215.70 246.81
2013-03-31 3,148.94 225.70
2012-12-31 4,055.00 169.00
2012-09-30 3,423.62 321.71
2012-06-30 3,464.02 310.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Avangrid has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Avangrid used its assets less efficiently than the US Electric Utilities industry average last year based on Return on Assets.
  • Avangrid has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Avangrid's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Avangrid has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Avangrid's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Avangrid's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avangrid's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Avangrid's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Avangrid's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Avangrid Company Filings, last reported 1 month ago.

NYSE:AGR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 15,456.00 6,729.00 33.00
2018-12-31 15,403.00 6,395.00 36.00
2018-09-30 15,455.00 6,161.00 32.00
2018-06-30 15,468.00 5,907.00 52.00
2018-03-31 15,319.00 6,071.00 40.00
2017-12-31 15,096.00 6,198.00 41.00
2017-09-30 15,217.00 5,796.00 27.00
2017-06-30 15,241.00 5,428.00 36.00
2017-03-31 15,252.00 5,227.00 30.00
2016-12-31 15,208.00 5,048.00 94.00
2016-09-30 15,051.00 4,618.00 182.00
2016-06-30 15,065.00 4,708.00 396.00
2016-03-31 15,124.00 4,721.00 403.00
2015-12-31 15,066.00 4,931.00 438.00
2015-09-30 12,647.00 2,967.00 1,050.00
2015-06-30 12,576.00 2,954.00 985.00
2015-03-31 12,563.00 2,757.00 655.00
2014-12-31 12,477.00 2,662.00 507.00
2014-09-30 10,898.10 3,034.39 821.36
2014-06-30 10,860.72 3,078.66 844.62
2014-03-31 10,634.69 3,112.94 544.08
2013-12-31 12,030.00 2,735.00 242.00
2013-09-30 4,014.47 3,216.34 11.68
2013-06-30 3,927.68 3,175.00 17.75
2013-03-31 3,853.02 3,382.17 49.63
2012-12-31 3,757.80 3,336.97 26.01
2012-09-30 3,751.54 3,215.23 27.77
2012-06-30 3,613.36 3,672.11 23.98
  • Avangrid's level of debt (43.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.3% vs 43.5% today).
  • Debt is well covered by operating cash flow (22.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Avangrid's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Avangrid has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.46%
Current annual income from Avangrid dividends. Estimated to be 3.66% next year.
If you bought $2,000 of Avangrid shares you are expected to receive $69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Avangrid's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Avangrid's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Upcoming dividend payment

Purchase Avangrid before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:AGR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:AGR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.96 1.00
2021-12-31 1.94 4.00
2020-12-31 1.87 7.00
2019-12-31 1.79 7.00
NYSE:AGR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-11 1.760 3.469
2019-02-13 1.760 3.550
2018-12-03 1.760 3.520
2018-07-11 1.760 3.571
2018-04-25 1.728 3.316
2018-02-15 1.728 3.465
2017-12-01 1.728 3.496
2017-07-06 1.728 3.605
2017-04-20 1.728 3.875
2017-02-16 1.728 4.032
2016-12-02 1.728 4.505
2016-07-14 1.728 4.211
2016-04-20 1.728 4.087
2016-02-22 1.728 4.418

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Avangrid has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Avangrid only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Avangrid's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Avangrid's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Avangrid afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avangrid has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Avangrid's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Torgerson
COMPENSATION $5,709,436
AGE 66
TENURE AS CEO 3.4 years
CEO Bio

Mr. James P. Torgesrson, also known as Jim, has been Chief Executive Officer at Avangrid, Inc. since December 16, 2015. Mr. Torgesrson has financial and business experience. He served as an Executive Director of UIL Holdings Corp., since October 2006 until December 16, 2015. He served as the President of UIL Holdings Corporation from January 23, 2006 to December 16, 2015 and served as its Chief Executive Officer from July 1, 2006 to December 16, 2015. Mr. Torgesrson served as the Chief Executive Officer of the United Illuminating Company, a subsidiary of UIL Holdings Corporation from April 24, 2006 to December 16, 2015 and served as its President from January 2013 to December 16, 2015. He is a proven leader in finance, organization design and executive management. He served as an Executive Vice President, Chief Administrative Officer and Chief Financial Officer of Washington Natural Gas Company. He served as the Chief Administrative Officer and Chief Financial Officer of Midwest Independent Transmission System Operator Inc. (ISO). He served as the Chief Executive Officer and President of Midwest Independent Transmission System Operator Inc. (alternate name Midcontinent Independent System Operator, Inc.) from December 2000 to January 2005. He served as Vice President and Chief Financial Officer of DPL Inc., the holding company of Dayton Power and Light and Puget Sound Energy, Inc. Mr. Torgesrson served as an Executive Vice President and Chief Administrative Officer of Washington Energy Co., since August 1995 and served as its Chief Financial Officer since February 1990. He served as Senior Vice President of Finance, Planning and Development of Washington Energy Co. from February 1990 to August 1995. He serves as the Chairman of The Southern Connecticut Gas Company. Mr. Torgerson is the Chairman of the Connecticut Institute for the 21st Century. He had been the Chairman and Director of The United Illuminating Company since November 16, 2010. He served as Chairman and z Director of the Connecticut Business and Industry Association. He has been a Director at Avangrid, Inc. since December 16, 2015. He serves as Director of Yale-New Haven Health Services Corporation. He is the executive committee member of the Edison Electric Institute and the American Gas Association, and trustee of the Hartford Bishops’ Foundation for the Archdiocese of Hartford. He serves as a Director of Midwest Independent Transmission System Operator, Inc. He serves as a Trustee of Yale-New Haven Hospital, Inc. Mr. Torgerson is a Trustee of the Hartford Bishops' Foundation. He served as Chairman of the ISO/RTO Council, a voluntary organization comprised of the highest-ranking full-time executives of North America's Independent System Operators and Regional Transmission Organizations. Mr. Torgesrson received a Bachelor of Business Administration in Accounting from Cleveland State University. He has considerable public company financial, accounting and executive leadership experience and expertise in utility operations and ratemaking.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Avangrid management team in years:

3.4
Average Tenure
55
Average Age
  • The tenure for the Avangrid management team is about average.
Management Team

Jim Torgerson

TITLE
CEO & Director
COMPENSATION
$6M
AGE
66
TENURE
3.4 yrs

Douglas Stuver

TITLE
Senior VP & CFO
COMPENSATION
$993K
AGE
54
TENURE
0.8 yrs

Peter Church

TITLE
Senior VP of Human Resources & Corporate Administration
COMPENSATION
$1M
AGE
45
TENURE
0.6 yrs

R. Mahoney

TITLE
Senior VP
COMPENSATION
$1M
AGE
52
TENURE
3.4 yrs

Bob Kump

TITLE
President & CEO of Networks
COMPENSATION
$2M
AGE
57
TENURE
12.3 yrs

Patricia Cosgel

TITLE
Vice President Investor & Shareholder Relations

Ignacio Estella

TITLE
Senior Vice President of Corporate Development
AGE
48
TENURE
3.4 yrs

F. McClain

TITLE
Chief Development Officer
COMPENSATION
$2M
AGE
69
TENURE
18.6 yrs

Karen Zink

TITLE
President
AGE
61
TENURE
15.3 yrs

Douglas Herling

TITLE
President & CEO of CMP
AGE
55
Board of Directors Tenure

Average tenure and age of the Avangrid board of directors in years:

4.8
Average Tenure
64.5
Average Age
  • The tenure for the Avangrid board of directors is about average.
Board of Directors

José Ignacio Galán

TITLE
Chairman of the Board
COMPENSATION
$200K
AGE
68

Jim Torgerson

TITLE
CEO & Director
COMPENSATION
$6M
AGE
66
TENURE
3.4 yrs

John Baldacci

TITLE
Vice Chairman of the Board
COMPENSATION
$200K
AGE
63

Alan Solomont

TITLE
Independent Non-Executive Director
COMPENSATION
$200K
AGE
69
TENURE
5.3 yrs

Alfredo Elías Ayub

TITLE
Independent Non-Executive Director
COMPENSATION
$200K
AGE
68
TENURE
5.3 yrs

Pedro Azagra Blázquez

TITLE
Director
COMPENSATION
$140K
AGE
50
TENURE
10.7 yrs

José Sainz Armada

TITLE
Director
COMPENSATION
$140K
AGE
59
TENURE
5.3 yrs

Juan Rebollo Liceaga

TITLE
Director
COMPENSATION
$140K
AGE
56
TENURE
4.3 yrs

Santiago Matias Garrido

TITLE
Director
COMPENSATION
$140K
AGE
50
TENURE
4.3 yrs

John Lahey

TITLE
Independent Non-Executive Director
COMPENSATION
$170K
AGE
71
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Aug 18 Buy Douglas Stuver Individual 13. Aug 18 13. Aug 18 200 $49.25 $9,850
X
Management checks
We assess Avangrid's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Avangrid has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Has Avangrid, Inc. (NYSE:AGR) Improved Earnings Growth In Recent Times?

In this commentary, I will examine Avangrid, Inc.'s (NYSE:AGR) latest earnings update (31 March 2019) and compare these figures against its performance over the past couple of years, as well as how the rest of the electric utilities industry performed. … Check out our latest analysis for Avangrid Commentary On AGR's Past Performance AGR's trailing twelve-month earnings (from 31 March 2019) of US$568m has jumped 47% compared to the previous year. … You should continue to research Avangrid to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for AGR’s future growth?

Simply Wall St -

Should You Be Concerned About Avangrid, Inc.'s (NYSE:AGR) ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Avangrid has a return on equity of 3.7% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Avangrid, Inc. (NYSE:AGR) Struggling With Its 3.5% Return On Capital Employed?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Investors In Avangrid, Inc. (NYSE:AGR) Should Consider This Data

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … (NYSE:AGR) has recently paid dividends to shareholders, and currently yields 3.5%. … Let's dig deeper into whether Avangrid should have a place in your portfolio.

Simply Wall St -

Does Avangrid's (NYSE:AGR) Share Price Gain of 22% Match Its Business Performance?

(NYSE:AGR) share price is up 22% in the last three years, that falls short of the market return. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Avangrid was able to grow its EPS at 21% per year over three years, sending the share price higher.

Simply Wall St -

What Does Avangrid, Inc.'s (NYSE:AGR) P/E Ratio Tell You?

We'll look at Avangrid, Inc.'s (NYSE:AGR) P/E ratio and reflect on what it tells us about the company's share price. … Avangrid has a price to earnings ratio of 25.15, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Worry About Avangrid, Inc.'s (NYSE:AGR) CEO Pay?

This analysis aims first to contrast CEO compensation with other large companies. … After that, we will consider the growth in the business. … How Does Jim Torgerson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Why Avangrid, Inc. (NYSE:AGR) Is A Financially Healthy Company

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Avangrid, Inc. … With a market valuation of US$15b, AGR is a safe haven in times of market uncertainty due to its strong balance sheet. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates.

Simply Wall St -

Shareholders Should Look Hard At Avangrid, Inc.’s (NYSE:AGR) 3.6% Return On Capital

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Read This Before Buying Avangrid Inc (NYSE:AGR) For Its Dividend

In the last few years Avangrid Inc (NYSE:AGR) has paid a dividend to shareholders. … Does Avangrid tick all the boxes of a great dividend stock? … How I analyze a dividend stock

Simply Wall St -

Company Info

Description

Avangrid, Inc. operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. The company delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, it generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. As of February 26, 2019, Avangrid, Inc. owned 8 electric and natural gas utilities, serving 3.2 million customers in New York and New England, as well as owned and operated 7.2 gigawatts of electricity capacity, primarily through wind power in 22 states. The company was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.

Details
Name: Avangrid, Inc.
AGR
Exchange: NYSE
Founded: 1852
$15,706,737,975
309,005,272
Website: http://www.avangrid.com
Address: Avangrid, Inc.
180 Marsh Hill Road,
Orange,
Connecticut, 06477,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AGR New Common Stock New York Stock Exchange US USD 17. Dec 2015
DB 12A New Common Stock Deutsche Boerse AG DE EUR 17. Dec 2015
Number of employees
Current staff
Staff numbers
6,500
Avangrid employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:44
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.