Avangrid Inc Stock Research

Market Summary

USD39.780.00

Market Closed

0.00%

AGR Stock Price

AGR RSI Chart

AGR Valuation

Market Cap

15.4B

Price/Earnings (Trailing)

17.46

Price/Sales (Trailing)

1.94

EV/EBITDA

10.55

Price/Free Cashflow

-10.36

AGR Price/Sales (Trailing)

AGR Profitability

EBT Margin

10.61%

Return on Equity

4.55%

Return on Assets

2.14%

Free Cashflow Yield

-9.65%

AGR Fundamentals

AGR Revenue

Revenue (TTM)

7.9B

Revenue Y/Y

11.64%

Revenue Q/Q

17.41%

AGR Earnings

Earnings (TTM)

881.0M

Earnings Y/Y

-10.37%

Earnings Q/Q

40%

Price Action

52 Week Range

37.6451.71

(Low)(High)

Last 7 days

1.2%

Last 30 days

-2.9%

Last 90 days

-7.0%

Trailing 12 Months

-10.2%

AGR Financial Health

Current Ratio

0.73

Debt/Equity

0.42

Debt/Cashflow

0.13

AGR Investor Care

Dividend Yield

4.42%

Dividend/Share (TTM)

1.76

Shares Dilution (1Y)

0.02%

Diluted EPS (TTM)

2.27

Peers (Alternatives to Avangrid)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NEE	151.5B	21.0B	-0.13%	-6.43%	36.52	7.23	22.77%	16.06%
AEP	47.3B	19.6B	1.65%	-1.22%	20.5	2.41	16.96%	-7.33%
ES	26.8B	12.3B	-4.32%	-8.73%	18.95	2.18	24.60%	15.01%
ETR	21.5B	13.8B	-0.70%	-2.94%	19.53	1.56	17.21%	-1.37%
AGR	15.4B	7.9B	-2.86%	-10.24%	17.46	1.94	13.61%	24.61%
MID-CAP
PNW	8.9B	4.3B	4.77%	9.89%	17.79	2.06	13.68%	-21.25%
NRG	7.3B	31.5B	-13.33%	-18.67%	5.94	0.23	16.87%	-44.17%
OGE	7.2B	3.4B	-8.04%	-4.74%	10.86	2.14	-7.61%	-9.71%
IDA	5.4B	1.6B	2.19%	-2.54%	21.04	3.31	12.75%	5.47%
HE	4.1B	3.7B	-13.27%	-8.92%	17.07	1.11	31.28%	-2.03%
SJW	2.3B	620.7M	-1.69%	15.73%	31.49	3.75	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	-11.55%	-24.16%	31.93	8.34	13.48%	16.11%
UTL	886.7M	563.2M	5.51%	11.70%	21.42	1.57	18.99%	14.68%
GNE	278.1M	364.5M	-21.32%	49.86%	2.8	0.76	3.55%	9592.01%

Financials for Avangrid

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.9%	7,923	7,698	7,458	7,141	6,974
EBITDA	-0.4%	2,229	2,238	2,236	2,148	-
EBITDA Margin	-3.2%	0.28*	0.29*	0.30*	0.30*	-
Earnings Before Taxes	-2.5%	841	863	887	824	664
EBT Margin	-5.3%	0.11*	0.11*	0.12*	0.12*	-
Interest Expenses	-1.0%	303	306	300	296	298
Net Income	-1.9%	881	898	904	818	707
Net Income Margin	-4.7%	0.11*	0.12*	0.12*	0.11*	-
Free Cahsflow	4.7%	-1,484	-1,558	-1,600	-1,640	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	3.0%	41,123	39,907	39,752	39,541	39,504
Current Assets	14.5%	3,210	2,804	2,989	3,229	3,777
Cash Equivalents	15.0%	69.00	60.00	411	648	1,474
Net PPE	1.9%	30,994	30,406	30,063	29,719	28,866
Goodwill	0%	3,119	3,119	3,119	3,119	3,119
Liabilities	6.2%	20,781	19,573	19,366	19,481	19,543
Current Liabilities	16.1%	4,416	3,803	3,346	3,300	3,329
Long Term Debt	3.7%	8,215	7,922	-	-	-
LT Debt, Non Current	-1.6%	7,764	7,888	8,033	7,922	-
Shareholder's Equity	0.1%	19,380	19,351	20,386	20,060	19,076
Retained Earnings	-1.2%	1,910	1,934	2,003	1,819	1,714
Additional Paid-In Capital	0.0%	17,694	17,688	17,687	17,683	17,679
Accumulated Depreciation	2.1%	11,302	11,071	10,830	10,589	-
Shares Outstanding	0.0%	387	387	387	387	387
Minority Interest	-2.1%	962	983	976	879	885

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-29.2%	1,035	1,461	1,515	1,524	1,561
Cashflow From Investing	14.9%	-2,548	-2,995	-2,931	-2,749	-2,440
Cashflow From Financing	-41.0%	108	183	97.00	1,059	889
Dividend Payments	0.1%	681	680	681	647	613
Buy Backs	-100.0%	0.00	31.00	31.00	31.00	33.00

Risks for AGR

What is the probability of a big loss on AGR?

28.5%

Probability that Avangrid stock will be more than 20% underwater in next one year

Probability that Avangrid stock will be more than 30% underwater in next one year.

Probability that Avangrid stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AGR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Avangrid was unfortunately bought at previous high price.

Drawdowns

Returns for AGR

Cumulative Returns on AGR

3.6%

7-Year Cumulative Returns

-1.5%

5-Year Cumulative Returns

-1.9%

3-Year Cumulative Returns

What are the long-term rolling returns for AGR?

FIve years rolling returns for Avangrid.

Annualized Returns

Which funds bought or sold AGR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	0.71	42,970	1,168,970	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-3.29	-2,000	664,000	-%
2023-02-28	Voya Investment Management LLC	added	426	1,683,930	2,064,930	-%
2023-02-24	NATIXIS	added	92.92	3,309,460	6,726,460	0.04%
2023-02-24	SRS Capital Advisors, Inc.	added	1.02	518	25,518	-%
2023-02-22	CVA Family Office, LLC	new	-	2,364	2,364	-%
2023-02-21	MACQUARIE GROUP LTD	added	54.68	674,976	1,812,980	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	27.54	27,441	119,441	-%
2023-02-17	Ascent Group, LLC	reduced	-2.81	52,751	2,031,750	0.24%
2023-02-15	Virtu Financial LLC	sold off	-100	-281,000	-	-%

Latest Funds Activity

Are funds buying AGR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AGR

No. of Funds

Avangrid News

Schedule 13G FIlings of Avangrid

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 07, 2022	iberdrola, s.a.	81.5%	315,659,357	SC 13G/A

AGR Fair Value

Avangrid fair value in different scenarios

The table shows the Fair Value estimates for Avangrid for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	37.18 -6.54%	43.26 8.75%	62.16 56.26%	78.97 98.52%	93.98 136.25%
Current Inflation	35.11 -11.74%	40.30 1.31%	56.18 41.23%	70.17 76.40%	82.61 107.67%
Very High Inflation	32.53 -18.23%	36.70 -7.74%	49.17 23.60%	60.02 50.88%	69.63 75.04%

Historical Avangrid Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Avangrid

View All Filings

Date Filed	Form Type	Document
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Feb 22, 2023	10-K	Annual Report
Feb 21, 2023	8-K	Current Report
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4/A	Insider Trading

Latest Insider Trading transactions for AGR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	Stempien Catherine S	acquired	-	-	5,383	see below
2023-03-01	Stempien Catherine S	sold (taxes)	-66,370	38.1	-1,742	see below
2023-03-01	Solomont Alan D	bought	5,002	38.78	129	-
2023-02-01	Solomont Alan D	bought	4,998	42.00	119	-
2023-01-10	Azagra Blazquez Pedro	acquired	-	-	12,757	chief executive officer
2023-01-10	Azagra Blazquez Pedro	sold (taxes)	-178,667	43.92	-4,068	chief executive officer
2023-01-03	Solomont Alan D	bought	5,069	43.33	117	-
2022-12-02	Solomont Alan D	bought	5,021	42.92	117	-
2022-11-01	Solomont Alan D	bought	5,009	40.73	123	-
2022-10-03	Solomont Alan D	bought	5,079	42.33	120	-

About Avangrid

Dennis V. Arriola

www.avangrid.com

7350

Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It 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, the company 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. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.8 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.

AGR Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Operating Revenues	$ 7,923	$ 6,974	$ 6,320
Operating Expenses
Purchased power, natural gas and fuel used	2,456	1,719	1,379
Operations and maintenance	2,872	2,706	2,466
Depreciation and amortization	1,085	1,014	987
Taxes other than income taxes, net	658	640	619
Total Operating Expenses	7,071	6,079	5,451
Operating Income	852	895	869
Other Income and (Expense)
Other income (expense)	30	60	18
Earnings (losses) from equity method investments	262	7	(3)
Interest expense, net of capitalization	(303)	(298)	(316)
Income Before Income Tax	841	664	568
Income tax expense	20	21	29
Net Income	821	643	539
Net loss attributable to noncontrolling interests	60	64	42
Net Income Attributable to Avangrid, Inc.	$ 881	$ 707	$ 581
Earnings Per Common Share, Basic (in dollars per share)	$ 2.28	$ 1.97	$ 1.88
Earnings Per Common Share, Diluted (in dollars per share)	$ 2.27	$ 1.97	$ 1.88
Weighted-average Number of Common Shares Outstanding:
Basic (in shares)	386,727,246	358,086,621	309,494,939
Diluted (in shares)	387,215,785	358,578,608	309,559,387

AGR Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 69	$ 1,474
Accounts receivable and unbilled revenues, net	1,737	1,269
Accounts receivable from affiliates	5	11
Notes receivable from affiliates	3	0
Derivative assets	60	35
Fuel and gas in storage	268	139
Materials and supplies	235	204
Prepayments and other current assets	386	245
Regulatory assets	447	400
Total Current Assets	3,210	3,777
Total Property, Plant and Equipment ($2,707 and $1,959 related to VIEs, respectively)	30,994	28,866
Operating lease right-of-use assets	159	148
Equity method investments	437	560
Other investments	49	61
Regulatory assets	2,321	2,247
Other Assets
Goodwill	3,119	3,119
Intangible assets	281	293
Derivative assets	140	59
Other	413	374
Total Other Assets	3,953	3,845
Total Assets	41,123	39,504
Current Liabilities
Current portion of debt	412	372
Notes payable	566	159
Notes payable to affiliate	2	2
Interest accrued	66	69
Accounts payable and accrued liabilities	2,007	1,586
Accounts payable to affiliates	39	61
Dividends payable	170	170
Taxes accrued	61	43
Operating lease liabilities	13	12
Derivative liabilities	133	64
Other current liabilities	593	484
Regulatory liabilities	354	307
Total Current Liabilities	4,416	3,329
Regulatory liabilities	2,915	3,022
Other Non-current Liabilities
Deferred income taxes	2,234	2,016
Deferred income	1,062	1,130
Pension and other postretirement	491	684
Operating lease liabilities	161	149
Derivative liabilities	164	160
Asset retirement obligations	273	253
Environmental remediation costs	279	298
Other	563	580
Total Other Non-current Liabilities	5,227	5,270
Total Non-current Debt	8,215	7,922
Non-current debt to affiliate	8	0
Total Non-current Liabilities	16,365	16,214
Total Liabilities	20,781	19,543
Commitments and Contingencies	0	0
Stockholders' Equity:
Common stock, $.01 par value, 500,000,000 shares authorized, 387,734,757 and 387,678,630 shares issued; 386,628,586 and 386,568,104 shares outstanding, respectively	3	3
Additional paid-in capital	17,694	17,679
Treasury stock	(47)	(47)
Retained earnings	1,910	1,714
Accumulated other comprehensive loss	(180)	(273)
Total Stockholders’ Equity	19,380	19,076
Noncontrolling interests	962	885
Total Equity	20,342	19,961
Total Liabilities and Equity	$ 41,123	$ 39,504