Avangrid Inc (NYSE:AGR) had declared a cash dividend of $0.4320 on Dec 2, 2016. The shares will quote ex-dividend on Dec 10, 2015 and the record date has been fixed for Dec 12, 2015. On Dec 2, 2016 share price, the yield comes out to be 4.8512%. The dividend payable date has been fixed on Jan 3, 2017.
In a different note, On Sep 23, 2016, JP Morgan said it Downgrades its rating on Avangrid Inc. The shares have been rated Underweight by the firm.
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 Nov 17, 2016, Elizabeth Timm (director) purchased 273 shares at $36.76 per share price.Also, On Nov 3, 2016, Anthony Iii Marone (officer ) purchased 1,000 shares at $38.51 per share price.On Nov 2, 2016, Alan D Solomont (director) purchased 127 shares at $39.45 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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