Janney Capital Upgrades Avangrid Inc to Buy

Brokerage firm Janney Capital Upgrades its rating on Avangrid Inc(AGR). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Janney Capital was issued on Feb 22, 2017 in a research report to their Investors and Clients.

In a different note, Evercore ISI Group said it Initiates Coverage On Avangrid Inc, according to a research note issued on Jan 9, 2017. In the research note, the firm Announces the price-target to $42 per share. The shares have been rated ‘Buy’ by the firm.

Avangrid Inc (AGR) made into the market gainers list on Wednesdays trading session with the shares advancing 1.13% or 0.48 points. Due to strong positive momentum, the stock ended at $43.11, which is also near the day’s high of $43.14. The stock began the session at $42.75 and the volume stood at 11,32,290 shares. The 52-week high of the shares is $46.74 and the 52 week low is $35.42. The company has a current market capitalization of $13,321 M and it has 30,90,03,590 shares in outstanding.

Avangrid Inc(AGR) last announced its earnings results on Oct 25, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.42B. Analysts had an estimated revenue of $1.58B. Earnings per share were $0.35. The reported EPS was above estimates by $0.24 or NaN%. Analysts had estimated an EPS of $0.59.

Several Insider Transactions has been reported to the SEC. On Feb 16, 2017, Elizabeth Timm (director) purchased 251 shares at $40.17 per share price.Also, On Feb 2, 2017, Alan D Solomont (director) purchased 129 shares at $38.77 per share price.On Nov 3, 2016, Anthony Iii Marone (officer ) purchased 1,000 shares at $38.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Avangrid Inc. formerly Iberdrola USA Inc. is an energy services holding company. The Company through its principal subsidiaries Iberdrola USA Networks Inc. (Iberdrola Networks) and Iberdrola Renewables Holding Inc. (IRHI) is engaged in the regulated energy distribution renewable energy generation (Renewables) and gas businesses (Gas) collectively (Renewables and Gas). The Company operates through three segments: Networks Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities and any other regulated activity originated in New York and Maine carried out by the Company and its subsidiaries. Renewables segment includes activities relating to renewable energy mainly wind energy generation and trading related with such activities. The Gas segment includes gas trading and storage businesses carried on by the Company and its subsidiaries. Iberdrola Networks owns and operates the regulated utility businesses of the Company.

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