Insider Trading Activity in: Avangrid, Inc. $AGR

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Avangrid, Inc. (NYSE:AGR) insider have most recently took part in a trading activity. On Dec 1, 2017 Solomont Alan D, Director bought 94 shares having total worth of $5,002 at the price of $53.21 per share, following the transaction a total of 2,062 shares owned by Solomont Alan D. Before this latest buy, Solomont Alan D purchased AGR at 11 other times during the past twelve months, for a total investment of $55,198 at an average of $43.66 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 18 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 16 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 16.02%
12 Month 16 2 20.34%

Shares of Avangrid, Inc. (NYSE:AGR) traded down 0.66% on Dec 1, 2017, hitting $52.72. 254,374 shares of the company’s stock traded hands. Avangrid, Inc. has a 52 week low of $35.62 and a 52 week high of $53.07. The company’s market cap is $13,200 million.

Avangrid, Inc. (NYSE:AGR) last announced its earnings results on Oct 24, 2017. The company reported 0.40 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.38 by $0.02. The company had revenue of $1,341 million for the quarter, compared to the consensus estimate of $1,350 million. During the same quarter in the previous year, the company posted 0.35 earnings per share. The company’s revenue for the quarter was down 5% on a year-over-year basis.

2017-10-24 2017-07-19 2017-04-25 2017-02-21 2016-10-25 2016-07-18
earnings per share 0.40 0.46 0.73 0.67 0.35 0.32
Revenue(M) 1341 1331 1758 1491 1418 1439

Avangrid, Inc. has been the subject of a number of recent research reports. Analysts at JP Morgan Maintains shares of Avangrid, Inc. to an Underweight rating in a research note. They now have a $47.00 price target on the stock.

UIL Holdings Corporation is incorporated in Connecticut. The Company’s primary business is ownership of its operating regulated utility business. The utility businesses consist of the electric distribution and transmission operations of The United Illuminating Company (UI) and the natural gas transportation, distribution and sales operations of The Southern Connecticut Gas Company. The Company operates through two reporting segments namely Electric Distribution, Electric Transmission and Gas Distribution. The utility businesses is engaged in the purchase, transmission, distribution and sale of electricity for residential, commercial and industrial purposes in a service area of about 335 square miles in the southwestern part of the State of Connecticut. The gas companies engage in natural gas transportation, distribution and sales operations in Connecticut and western Massachusetts serving approximately 385,000 customers in service areas totaling approximately 1,966 square miles. The gas companies have valid franchises to engage in the transportation and distribution and sale of natural gas in their respective service areas. The franchise agreements allow the gas companies to construct and maintain certain facilities over, on and under public highways and grounds, and to exercise the power of eminent domain. UI is subject to regulation by several regulatory bodies, including PURA, the Connecticut Siting Council (CSC) and the FERC. The gas companies are subject to regulation by several regulatory bodies, including PURA, which regulates SCG and CNG, and the DPU, which regulates Berkshire.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.