Avangrid
About: Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates nearly 8.6 gigawatts of renewable energy projects across the US. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.6% of Avangrid and has proposed to acquire the remaining shares.
Employees: 7,999
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
84% more call options, than puts
Call options by funds: $1.13M | Put options by funds: $615K
20% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 88
0% less funds holding
Funds holding: 279 [Q2] → 278 (-1) [Q3]
0.66% less ownership
Funds ownership: 12.2% [Q2] → 11.54% (-0.66%) [Q3]
3% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 38
5% less capital invested
Capital invested by funds: $1.68B [Q2] → $1.6B (-$79.6M) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 3 (-3) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for AGR.
Financial journalist opinion
Based on 13 articles about AGR published over the past 30 days
