Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Avangrid Inc before investing.

In this article, we go over a few key elements for understanding Avangrid Inc’s stock price such as:

• Avangrid Inc’s current stock price and volume
• Why Avangrid Inc’s stock price changed recently
• Upgrades and downgrades for AGR from analysts
• AGR’s stock price momentum as measured by its relative strength

About Avangrid Inc (AGR)

Before we jump into Avangrid Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Avangrid, Inc. is a sustainable energy company in the United States. The Company operates in approximately 24 states with two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving approximately 3.3 million customers in New York and New England. Avangrid Renewables owns and operates 9.3 gigawatts of electricity capacity, primarily through wind and solar power, with a presence in 22 states across the United States. The Company operates through two segments: Networks and Renewables. Networks segment includes all the energy transmission and distribution activities, any other regulated activity originating in New York and Maine and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts. Its Renewables segment offers activities relating to renewable energy, mainly wind energy generation and trading related to such activities.

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Avangrid Inc’s Stock Price as of Market Close

As of March 07, 2024, 4:00 PM, CST, Avangrid Inc’s stock price was $36.24.

Avangrid Inc is up 12.97% from its previous closing price of $32.08.

During the last market session, Avangrid Inc’s stock traded between $31.92 and $32.39. Currently, there are 386.88 million shares of Avangrid Inc stock available for purchase.

Avangrid Inc’s price-earnings (P/E) ratio is currently at 15.8, which is low compared to the Utilities - Electric industry median of 16. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Avangrid Inc Stock Price History

Avangrid Inc’s (AGR) price is currently up 16.42% so far this month.

During the month of March, Avangrid Inc’s stock price has reached a high of $36.31 and a low of $30.61.

Over the last year, Avangrid Inc has hit prices as high as $41.22 and as low as $27.46. Year to date, Avangrid Inc’s stock is down 15.68%.

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What Caused Avangrid Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of March 06, 2024,, no analysts have changed their rating of Avangrid Inc’s stock over the last month.

Additionally, you'll want to evaluate Avangrid Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Avangrid Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Avangrid Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Avangrid Inc (AGR) by visiting AAII Stock Evaluator.

Relative Price Strength of Avangrid Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 06, 2024, Avangrid Inc has a weighted four-quarter relative price strength of -10.16%, which translates to a Momentum Score of 36 and is considered to be Weak.

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Avangrid Inc Stock Price: Bottom Line

As of March 7, 2024, Avangrid Inc’s stock price is $36.24, which is up 12.97% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Avangrid Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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