Avangrid, Inc. operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. The company 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, it 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. Avangrid, Inc. owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.5 gigawatts of electricity capacity primarily through wind power in 22 states. The company was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.
IPO Year: 2015
Exchange: NYSE
Website: avangrid.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/8/2024 | $35.00 | Neutral → Sell | Janney |
6/21/2023 | Underweight → Sector Weight | KeyBanc Capital Markets | |
10/14/2022 | $47.00 → $39.00 | Underperform → Neutral | Mizuho |
6/27/2022 | $40.00 | Sector Weight → Underweight | KeyBanc Capital Markets |
6/9/2022 | $57.00 | Buy | Siebert Williams Shank |
2/24/2022 | $47.00 → $42.00 | Underperform | Mizuho |
2/24/2022 | Buy → Neutral | Janney | |
2/24/2022 | $60.00 → $48.00 | Overweight → Equal-Weight | Wells Fargo |
1/10/2022 | $47.00 | Neutral → Underperform | Mizuho |
12/10/2021 | $53.00 → $48.00 | Neutral | Mizuho |
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New York State Electric & Gas and Central Maine Power recognized for recovery and restoration efforts in 2024 Avangrid, Inc., a leading sustainable energy company and a member of the Iberdrola Group, announced today that it has received dual Emergency Response Awards from Edison Electric Institute (EEI). The awards honor the extraordinary performance of Avangrid companies New York State Electric & Gas (NYSEG) and Central Maine Power (CMP) during recovery and restoration efforts from storms in 2024. "We are committed to serving our customers with safe and reliable service in any situation," said Avangrid CEO Pedro Azagra. "Despite the widespread damage caused by these storms, our women a
Avangrid expects to add over 130 hybrid vehicles to its utility fleet over the next three years Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it will be purchasing over 130 new hybrid bucket trucks over the next three years as it continues to electrify its fleet across its Northeast utilities. While Avangrid already uses hybrid vehicles, this procurement plan represents a significant expansion in the Company's use of proven alternative energy sources including electric, hybrid, and green fuels. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241211076591/
The second cohort of newly hired technicians has graduated from Avangrid's National Training Center, which was built earlier this year Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that the second cohort of newly hired technicians has graduated from Avangrid's National Training Center (NTC). Technicians from Avangrid wind projects in three different states attended two-and-a-half weeks of safety and technical training at the NTC located in Sherman County, Oregon. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241204062236/en/PICTURED: Newly hired technicians
Developed by Avangrid and now under construction, the Tower Solar project will deliver energy to Portland General Electric's Green Future Impact program, creating over 200 jobs and local economic benefits to Morrow County Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, and Portland General Electric (PGE) (NYSE:POR), are announcing the signing of a Power Purchase Agreement (PPA) for Tower Solar, a new 120 MWac (166 MWdc) solar energy project now under construction in Morrow County, Oregon, in collaboration with QTS and Meta. The facility will deliver clean, renewable energy to Portland General Electric's grid through Green Future Impact (G
Together with National Hispanic Energy Council, Avangrid brings together 15 Hispanic legislators, municipal officials, business executives, and nonprofit leaders to discuss energy issues facing Hispanic community; commits to convening annually Avangrid to become a Business Member of the National Hispanic Caucus of State Legislators, and Avangrid CEO Pedro Azagra to become member of the Board of Trustees of the National Hispanic Energy Council Photos from the event available HERE Today, Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, convened Connecticut's first-ever energy-related Hispanic Roundtable. With more than 15 Hispanic leader
Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today issued the following statement for Veterans Day. "This Veterans Day, we pause to honor the women and men who served in the military, both in times of war and peace. We thank them for their unwavering courage to answer the call of service, their sacrifice and love for their country whether abroad or at home and for preserving the core principles of freedom. At Avangrid, we are honored and grateful that veterans make up an essential and growing part of our workforce across the country. Their unique experiences, dedication, and skills enrich our company culture and we are deeply proud to
Organizations within Avangrid's service areas are invited to apply for grants to support the care and protection of habitats and wildlife The Avangrid Foundation, the philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE:AGR), announced today that it has opened applications for its 2024 Wildlife Rehabilitation Grant Program on Friday, Nov. 1. The company welcomes eligible wildlife organizations with its service areas to apply by midnight, November 15, 2024. "This program has grown year over year and we're proud we've been able make an impact and assist organizations providing critical care and protection to wildlife and habitats in the communities we serve," said Pa
13 leading technology providers gathered at Avangrid's Connecticut headquarters to demonstrate disruptive strategies to drive digitization and innovation in the energy industry Watch a video recap of the Digital Summit here. Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, recently welcomed 13 leading technology providers to its headquarters for its fourth annual Digital Summit to showcase the latest disruptive strategies that are driving innovation in customer service, smartgrids, operations, and renewable energy. This year's theme was ‘Leading in Digital' and highlighted a shared commitment to accelerating the clean energy transition, di
Construction of Camino Solar has generated about 100 jobs With a capacity of 44 MWac (57 MWdc), Camino will generate the same amount of energy used by about 14,000 homes Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it has installed the final solar modules at its Camino Solar project in California. The Company installed about 105,000 modules over the past four months. "This is great progress for our first solar energy project in California, and I am happy to see us move into the next phase of construction," said Pedro Azagra, Avangrid CEO. "Projects like this are important economic drivers in their local communitie
Avangrid adds to Iberdrola Group floating wind portfolio, secures Lease Areas OCS-A 0564 and OCS-A 0568 with the potential to deliver approximately 3 Gigawatts of clean energy to New England region Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced it has secured two lease areas in the auction of sites for offshore wind development in the Gulf of Maine held by the federal Bureau of Ocean Energy Management (BOEM). Avangrid was named provisional winner of lease areas OCS-A 0564 (98,565 acres) for $4.9 million and OCS-A 0568 (124,897 acres) for $6.2 million. Avangrid will work to develop the lease areas, with the potential to del
Today Avangrid, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend on September 26, 2024 of $0.44 per share on its Common Stock. This dividend is payable January 2, 2025 to shareholders of record at the close of business on December 2, 2024. About Avangrid: Avangrid, Inc. (NYSE:AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $45 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million cust
Today Avangrid, Inc. (NYSE:AGR) ("Avangrid" or the "Company"), a leading sustainable energy company, and a member of the group of companies controlled by Iberdrola, S.A. ("Iberdrola"), announced that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. LLC ("Glass Lewis"), two leading independent proxy firms, have both recommended that Avangrid shareholders vote "FOR" the adoption of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 17, 2024, by and among Iberdrola, S.A., a corporation organized under the laws of Spain ("Iberdrola"), Arizona Merger Sub, Inc., a New York corporation and wholly-owned subsidiary of Iberdrola ("Merger Sub"), and Avangr
Today Avangrid, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable October 1, 2024 to shareholders of record at the close of business on September 2, 2024. About Avangrid: Avangrid, Inc. (NYSE:AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $45 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York an
Avangrid Shareholders to receive $35.75 Per Share Today Avangrid, Inc. (NYSE:AGR) ("Company," "Avangrid," "we" or "our"), a leading sustainable energy company, and a member of the group of companies controlled by Iberdrola, S.A. ("Iberdrola"), announced that it has entered into a definitive agreement under which Iberdrola will acquire the remaining 18.4% of the issued and outstanding shares of common stock of Avangrid that it does not currently own for $35.75 per share in an all-cash transaction. The $35.75 per share price represents a 11.4% premium over the closing price of Avangrid common stock on March 6, 2024, the last unaffected trading day prior to Avangrid's announcement of recei
Today Avangrid, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable July 1, 2024 to shareholders of record at the close of business on June 3, 2024. About Avangrid: Avangrid, Inc. (NYSE:AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New En
Avangrid, Inc. (NYSE:AGR) posted its fourth quarter & full year 2023 earnings release and presentation in the Investors section of the Company's website. Interested parties can access using the following link: www.avangrid.com. In conjunction with the earnings release, Avangrid will conduct a webcast conference call with financial analysts on Thursday, February 22, 2024, beginning at 9:00 A.M. ET. Avangrid's Executive team will present an overview of the financial results followed by a question-and-answer session. Interested parties, including analysts, investors and the media, may listen to a live audio-only webcast by accessing a link located in the Investors section of Avangrid's web
Today Avangrid, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable April 1, 2024 to shareholders of record at the close of business on March 1, 2024. About Avangrid: Avangrid, Inc. (NYSE:AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $42 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New
Only list to recognize America's corporate leaders on business issues prioritized by the public Avangrid ranks 12 overall, earning top marks on ethical leadership, climate change, customer treatment and more Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today was recognized for the fourth consecutive year on the annual JUST 100—a list of America's best corporate citizens published by JUST Capital and its media partner CNBC. This year Avangrid earned the top rank among utilities, up from second in 2023, and improved its overall ranking to 12, up from 45 in 2023, for its commitment to serving its workers, customers, communities, the env
Avangrid, Inc. (NYSE:AGR) will be releasing its fourth quarter & full year 2023 financial results on Wednesday, February 21, 2024, after the market closes in a news release to be posted to the Investors' section of the company's website at www.avangrid.com/wps/portal/avangrid/Investors. The company will issue an advisory news release over Business Wire the evening of February 21st, which will include a link to the financial results news release on the company's website. In conjunction with the earnings release, Avangrid will conduct a webcast conference call with financial analysts on Thursday, February 22, 2024, beginning at 9:00 A.M. ET. Avangrid's Executive team will present an overvie
Developers Have Hired 937 Union Members to Date, With More Jobs Coming in 2024 Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment and in offshore wind development through its affiliate Vineyard Offshore, today submitted the second annual report to the Massachusetts Department of Energy Resources (DOER) entitled, "Vineyard Wind 1 Impact on Jobs and Economic Output." The report finds that the Vineyard Wind 1 Project, a joint venture between Avangrid and CIP, has already created 937 union jobs through two years of construction, delivering nearly double of t
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Janney downgraded AVANGRID from Neutral to Sell and set a new price target of $35.00
KeyBanc Capital Markets upgraded AVANGRID from Underweight to Sector Weight
Mizuho upgraded AVANGRID from Underperform to Neutral and set a new price target of $39.00 from $47.00 previously
KeyBanc Capital Markets downgraded AVANGRID from Sector Weight to Underweight and set a new price target of $40.00
Siebert Williams Shank initiated coverage of AVANGRID with a rating of Buy and set a new price target of $57.00
Mizuho reiterated coverage of Avangrid with a rating of Underperform and set a new price target of $42.00 from $47.00 previously
Janney downgraded AVANGRID from Buy to Neutral
Wells Fargo downgraded Avangrid from Overweight to Equal-Weight and set a new price target of $48.00 from $60.00 previously
Mizuho downgraded Avangrid from Neutral to Underperform and set a new price target of $47.00
Mizuho reiterated coverage of Avangrid with a rating of Neutral and set a new price target of $48.00 from $53.00 previously
The second cohort of newly hired technicians has graduated from Avangrid's National Training Center, which was built earlier this year Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that the second cohort of newly hired technicians has graduated from Avangrid's National Training Center (NTC). Technicians from Avangrid wind projects in three different states attended two-and-a-half weeks of safety and technical training at the NTC located in Sherman County, Oregon. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241204062236/en/PICTURED: Newly hired technicians
Headshots of appointees can be found here: LINK Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today the appointment John O'Neil as Senior Vice President of People and Organization, Khadijah "Kay" Johnson promoted to Vice Present of Reward, Anna OConnell promoted to Vice President, Business Partners, Paul Visconti promoted to Vice President of HR Operations, and Rick Bruno to serve as Interim Vice President of Health and Safety. All positions are effective immediately. "We are pleased to welcome a new diverse team of talented and experienced individuals to our People & Organization leadership team," said Pedro Azagra, Avangri
Clean energy global leader Iberdrola has unveiled its 2024 international volunteer heroes at a prestigious awards ceremony in the UK. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002861011/en/Four Iberdrola professionals from across the UK, Spain, US and Brazil have been recognised for their dedication and service to charity and volunteering initiatives across their countries at the event held at ScottishPower's headquarters in Glasgow. (Photo: Business Wire) Four Iberdrola professionals from across the UK, Spain, US and Brazil have been recognised for their dedication and service to charity and volunteering initiatives acro
Avangrid, Inc. (NYSE:AGR) ("Avangrid" or the "Company") today announced that its shareholders voted to adopt the Agreement and Plan of Merger (the "Merger Agreement"), whereby Iberdrola, S.A. ("Iberdrola") will acquire the remaining 18.4% of the issued and outstanding stock of Avangrid that it does not currently own. According to the preliminary results announced at Avangrid's Annual Meeting of Shareholders, a majority of Avangrid's shareholders voted in favor of the Merger Agreement. "Today's approval by shareholders is an important step in the merger process. We are excited about Iberdrola's continued investment in Avangrid and commitment to the United States. As a wholly-owned member of
Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today the appointment of Nelly Jefferson to Chief Information Officer (CIO), effective September 16. "We are pleased to welcome Nelly to the Avangrid leadership team," said Pedro Azagra, Avangrid CEO. "Nelly is a proven leader with a rich history in the clean energy industry. In joining the company, her priority will be to ensure reliable, top quality IT service delivery for all of our operating companies and businesses. I look forward to working together and am confident that her expertise will significantly contribute to our mission of advancing the clean energy transition for
Ignacio Estella to serve as Senior Vice President of DEI, Talent and Innovation Newly formed position reflects Avangrid's commitment to building a diverse pipeline of talent and creating a culture of inclusion Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today the appointment of Ignacio Estella to senior vice president of diversity, equity, and inclusion (DEI), talent and innovation. This newly formed position will report directly to the Avangrid's CEO, reflecting the company's commitment to building a diverse pipeline of talent and creating a culture of inclusion and unmatched innovation. "For years, Ignacio has recogn
O+M Service Facility and Port in Vineyard Haven Will Serve as Headquarter for the Long-Term Operation of the Nation's First Large-Scale Offshore Wind Project Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment and in offshore wind development through its affiliate Vineyard Offshore, joined Massachusetts Governor Maura Healey on Martha's Vineyard for a tour of the Operations and Maintenance facilities that will provide long-term support services for the first-in-the-nation Vineyard Wind 1 project. As part of the visit, which took place on Thursday, June 6,
Linda Fulton-Christie, a Revenue Control Specialist who started career with SCG in 1973, retires today Today, Avangrid, Inc. (NYSE:AGR), a sustainable energy company and member of the Iberdrola Group, announced the retirement of one of its longest-serving team members, Linda Fulton-Christie, who joined the workforce of Avangrid subsidiary Southern Connecticut Gas (SCG) in 1973. Avangrid CEO Pedro Azagra called Ms. Fulton-Christie to personally thank her for 51 years of service to SCG customers and to wish her well in her retirement. "Across Avangrid's family of companies, the characteristics we are known for – commitment to excellent customer service, cutting-edge innovation, and second
The 13th cohort of FeedMore WNY's free workforce development program, RISE, graduated yesterday, thanks in significant part to a grant from the Avangrid Foundation, the primary philanthropic arm of NYSEG's parent company Avangrid, Inc. (NYSE:AGR). The Avangrid Foundation recently awarded a $20,000 grant to FeedMore WNY, $10,000 of which supported the RISE program. The additional $10,000 from the grant was allocated for critical equipment improvements in FeedMore WNY's commissary. "On behalf of our entire team, I want to congratulate all of the RISE graduates on their monumental achievement," said Pedro Azagra, Avangrid CEO. "At Avangrid, we're committed to supporting programs and initiati
New program is effort to recruit future line workers for this critically important field More than 100 students have attended information sessions since the program's launch in late January Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today it has partnered with SUNY Broome Community College and the International Brotherhood of Electrical Workers (IBEW) to launch a new Lineworker Training Program. The program is off to a strong start and is receiving high interest from students—more than 100 students have already attended information sessions to learn more about enrolling in the program, which focuses on students with no pr