Avangrid Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 20.49
Dividend & Yield1.76$ (4.62%)
Beta 0.4
Market capitalization 15.19B
Operating cash flow 1.03B
ESG Scores unknown

Company description

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 in two segments: Networks and Renewables. 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 9.2 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.

Sector: Utilities - Industry: Utilities—Regulated Electric

Financial Ratios
Quick Ratio1.03
Working Capital1.58
Return On Equity0.04
Debt To Equity0.42
Fixed Asset Ratio0.01
Fixed Interest Cover3.01

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities
Total Cashflows From Investing Activities -2.71B -2.86B -2.44B -2.55B
Net Borrowings 1.74B 3.09B -2.78B 653M
Total Cash From Financing Activities 1.26B 2.85B 889M 108M
Change To Operating Activities -66M -269M -137M -564M
Issuance Of Stock 4B 4B 4B
Net Income 667M 581M 707M 881M
Change In Cash 141M 1.28B 10M -1.41B
Effect Of Exchange Rate
Total Cash From Operating Activities 1.59B 1.29B 1.56B 1.03B
Depreciation 912M 989M 1.03B 1.1B
Change To Account Receivables
Other Cashflows From Financing Activities 70M 306M 320M 136M
Change To Netincome 11M 37M 37M -316M
Capital Expenditures -2.73B -2.78B -2.98B -2.52B

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 812M 568M 664M 841M
Net Income 667M 581M 707M 881M
Selling General Administrative 79M 62M 37M 58M
Gross Profit 2.52B 2.48B 2.59B 2.6B
Ebit 952M 816M 898M 794M
Operating Income 952M 816M 898M 794M
Interest Expense -310M -316M -298M -303M
Income Tax Expense 169M 29M 21M 20M
Total Revenue 6.34B 6.32B 6.97B 7.92B
Cost Of Revenue 3.81B 3.85B 4.38B 5.33B
Total Other Income ExpenseNet -140M -248M -234M 47M
Net Income From Continuing Ops 643M 539M 643M 821M
Net Income Applicable To Common Shares 667M 581M 707M 881M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 18.86B 22B 19.54B 20.78B
Total Stockholder Equity 15.19B 15.21B 19.08B 19.38B
Other Current Liabilities 665M 698M 880M 1.09B
Total Assets 34.39B 37.82B 39.5B 41.12B
Common Stock 3M 3M 3M 3M
Other Current Assets 347M 377M 527M 689M
Retained Earnings 1.63B 1.67B 1.71B 1.91B
Treasury Stock -107M -125M -320M -227M
Cash 178M 1.46B 1.47B 69M
Total Current Liabilities 3.59B 3.07B 3.33B 4.42B
Other Stockholder Equity -95M -111M -273M -180M
Property, Plant, and Equipment 25.4B 27.07B 29.17B 31.3B
Total Current Assets 2.02B 3.78B 3.78B 3.21B
Net Tangible Assets 11.76B 11.79B 15.66B 15.98B
Net Receivables 1.09B 1.2B 1.28B 1.75B
Accounts Payable 1.41B 1.5B 1.65B 2.05B


Insider Transactions

Here are the insider transactions of stock shares related to Avangrid Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
SOLOMONT ALAN DPurchase at price 38.78 per share.D2023-03-01Director129
STEMPIEN CATHERINE S.D2023-03-01Officer5.38k
SOLOMONT ALAN DPurchase at price 42.00 per share.D2023-02-01Director119
AZAGRA BLAZQUEZ PEDROD2023-01-10Chief Executive Officer12.76k
SOLOMONT ALAN DPurchase at price 43.33 per share.D2023-01-03Director117
SOLOMONT ALAN DPurchase at price 42.92 per share.D2022-12-02Director117
SOLOMONT ALAN DPurchase at price 40.73 per share.D2022-11-01Director123
SOLOMONT ALAN DPurchase at price 42.33 per share.D2022-10-03Director120
SOLOMONT ALAN DPurchase at price 49.07 per share.D2022-09-01Director102
SOLOMONT ALAN DPurchase at price 48.66 per share.D2022-08-01Director103
SOLOMONT ALAN DPurchase at price 46.32 per share.D2022-07-01Director109
SOLOMONT ALAN DPurchase at price 47.57 per share.D2022-06-01Director105
KUMP ROBERT DD2022-03-08President5.25k
MAHONEY R SCOTTD2022-03-08General Counsel2.41k
ALCAIN DANIELConversion of Exercise of derivative security at price 45.32 per share.D2022-03-08Director1.03k
TREMBLE SCOTTConversion of Exercise of derivative security at price 45.32 per share.D2022-03-08Officer484
COSGEL PATRICIA CD2022-03-08Chief Financial Officer835
SOLOMONT ALAN DPurchase at price 44.79 per share.D2022-03-01Director112
SOLOMONT ALAN DPurchase at price 46.68 per share.D2022-02-01Director108
ARRIOLA DENNIS VD2022-01-11Chief Executive Officer17.5k
SOLOMONT ALAN DPurchase at price 49.87 per share.D2022-01-03Director101
SOLOMONT ALAN DPurchase at price 50.88 per share.D2021-12-01Director99
SOLOMONT ALAN DPurchase at price 52.66 per share.D2021-11-01Director95
SOLOMONT ALAN DPurchase at price 48.91 per share.D2021-10-01Director103
SOLOMONT ALAN DPurchase at price 54.87 per share.D2021-09-01Director92
SOLOMONT ALAN DPurchase at price 52.26 per share.D2021-08-02Director96
SOLOMONT ALAN DPurchase at price 51.51 per share.D2021-07-01Director98
ARRIOLA DENNIS VD2021-06-08Chief Executive Officer17.5k
SOLOMONT ALAN DPurchase at price 52.58 per share.D2021-06-01Director94
IBERDROLA, S.A.Purchase at price 51.40 per share.D2021-05-18Beneficial Owner of more than 10% of a Class of Security63.42M
SOLOMONT ALAN DPurchase at price 51.06 per share.D2021-05-03Director99
SOLOMONT ALAN DPurchase at price 49.95 per share.D2021-04-01Director101
SOLOMONT ALAN DPurchase at price 46.02 per share.D2021-03-01Director108
ARRIOLA DENNIS VPurchase at price 46.53 per share.I2021-02-26Chief Executive Officer25k
KUMP ROBERT DD2021-02-25Chief Executive Officer5.25k
MARONE ANTHONY IIID2021-02-25Officer6.67k
MAHONEY R SCOTTD2021-02-25General Counsel2.41k
ESTELLA IGNACIOD2021-02-25Officer703
ALCAIN DANIELD2021-02-25Director1.03k
TAYLOR CARL AD2021-02-25Officer786
TREMBLE SCOTTD2021-02-25Officer484
STUVER DOUGLAS KD2021-02-25Chief Financial Officer580
CHURCH PETERConversion of Exercise of derivative security at price 46.23 per share.D2021-02-25Officer1.79k
DE HOZ GARCIA-BELLIDO ALEJANDROD2021-02-25Officer375
REYNOLDS FRANKLYND2021-02-25Officer619
SOLOMONT ALAN DPurchase at price 46.47 per share.D2021-02-01Director108
SOLOMONT ALAN DPurchase at price 45.48 per share.D2021-01-04Director110
CHURCH PETERD2020-12-31Officer8k
SOLOMONT ALAN DPurchase at price 46.71 per share.D2020-12-01Director108
SOLOMONT ALAN DPurchase at price 49.69 per share.D2020-11-02Director101
SOLOMONT ALAN DPurchase at price 50.61 per share.D2020-10-01Director99

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Avangrid Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Avangrid Inc

Here is the result of two systematic investment strategies applied to Avangrid Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Avangrid Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Avangrid Inc:

Avangrid Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 2.22% on the backtest period.

Performance at glance

Performance

2.22 %

Latent gain

50.57 $

Invested capital

2281.63 $

Annualized return

0.54 %
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Momentum strategy results on Avangrid Inc

This is the result of two momentum investment strategies applied to Avangrid Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Avangrid Inc

The following chart shows all the entries opened by the momentum investment system on Avangrid Inc:

Avangrid Inc momentum entries
  • The first momentum investment strategy would give 5.65% of return on Avangrid Inc. That represents 268.35$ of latent gain with 4750.95$ of employed capital.
  • The second momentum investment strategy would give 2.6% of return on Avangrid Inc. That represents 129.74$ of latent gain with 4990.96$ of employed capital.
Performance at glance (1Q Momentum)

Performance

5.65 %

Latent gain

268.35 $

Invested capital

4750.95 $

Annualized return

2.57 %
Performance at glance (2Q Momentum)

Performance

2.6 %

Latent gain

129.74 $

Invested capital

4990.96 $

Annualized return

0.71 %

Momentum equity curve on Avangrid Inc

The following chart shows the equity curve of the two momentum strategies applied to Avangrid Inc:

Avangrid Inc momentum equity

Note: the dividends potentially given by Avangrid Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Avangrid Inc

The following chart shows the employed capital evolution of the two momentum strategies on Avangrid Inc since the beginning:

Avangrid Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Avangrid Inc

Buy the dip entry openings on Avangrid Inc

Avangrid Inc

The performance achieved by the robo-advisor on Avangrid Inc is 5.5%. That represents 52.9$ of latent gain with 961.1$ of employed capital. The following chart shows Avangrid Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Avangrid Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

5.5 %

Latent gain

52.9 $

Invested capital

961.1 $

Annualized return

2.57 %

Equity curve of the strategy applied to Avangrid Inc

The following chart shows the result of the investment strategy applied to Avangrid Inc:

Avangrid Inc

Note: the dividends potentially given by Avangrid Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Avangrid Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Avangrid Inc:

Avangrid Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Avangrid Inc

In this section, I will compare the three previous investment strategies applied to Avangrid Inc.

Equity curve comparison on Avangrid Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Avangrid Inc investment strategy comparison

Employed capital comparison on Avangrid Inc

Avangrid Inc investment comparison

Performance comparison on Avangrid Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 2.22% 50.57$ 2281.63$ 0.54%
Momentum 1 quarter 5.65% 268.35$ 4750.95$ 1.45%
Momentum 2 quarters 2.6% 129.74$ 4990.96$ 0.71%
Non-directional 5.5% 52.9$ 961.1$ 2.57%
Annualized return comparison

Automatic investment

0.54 %

Momentum 1Q

0.71 %

Momentum 2Q

0.71 %

Non-directional

2.57 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Avangrid Inc:

Positive correlations

Most correlated stocks this year

  • Avangrid Inc

  • Most correlated stocks last 3 months

  • Soligenix Inc
  • FUJIKON IND
  • Virgin Galactic Holdings Inc - Class A
  • Avangrid Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Avangrid Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Avangrid Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Avangrid Inc
    Country United States
    City Orange
    Address 180 Marsh Hill Road
    Phone 207 629 1190
    Website www.avangrid.com
    FullTime employees 7579
    Industry Utilities—Regulated Electric
    Sector Utilities
    Exchange XNYS
    Ticker AGR
    Market www.nyse.com

    Avangrid Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown