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Avangrid (AGR) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-23 22:31
Avangrid (AGR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 81.48%. A quarter ago, it was expected that this diversified energy and utility company would post earnings of $0.71 per share when it actually produced earnings of $0.88, delivering a surprise of 23.94%.Over the last four ...
Avangrid(AGR) - 2024 Q2 - Quarterly Results
2024-07-23 20:27
Exhibit 99.1 FOR IMMEDIATE RELEASE AVANGRID REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Contacts: Analysts: Charlotte Ancel, Charlotte.Ancel@Avangrid.com, 203-997-7366 Media: Leo Rosales, Leo.Rosales@Avangrid.com, 518-419-2401 • Delivered first half 2024 earnings of $1.34 per share and adjusted earnings of $1.37 per share, +58% & +61% year-over-year, respectively • Executed on multi-year rate plans in New York and Maine, including more than $9 billion of investment authorized for cost recovery in New York ...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AGR, SHCR on Behalf of Shareholders
GlobeNewswire News Room· 2024-07-17 14:44
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Avangrid, Inc. (NYSE: AGR)’s sale to Iberdrola, S.A. for $35.75 per share. If you are an Avangrid shareholder, click here to learn more about your rights and options. Sharecare, Inc. (NASDAQ: SHCR)’s sale to an affiliate of Altaris, LLC for $1.43 in cash per ...
Avangrid (AGR) Begins Power Production at Texas Solar Project
ZACKS· 2024-07-16 14:42
Avangrid, Inc. (AGR) has started generating power from its True North solar project in Falls County, TX. The project has 20 MW already running, making it Avangrid’s largest solar project and the first solar project in Texas. Full operations are expected to commence by the end of the year. The True North project, with a total capacity of 238 MWac (321 MWdc), will provide renewable energy to support Meta’s net zero commitment, including powering a new data center in Temple, TX. AGR has a strong presence in Te ...
Buy 9 Sustainable Dividend Dogs Of Barron's July Top 100
Seeking Alpha· 2024-07-15 07:23
ESG Rankings and Methodology - Barron's 2024 ranking of the most sustainable companies is based on Calvert Research and Management's evaluation of over 230 ESG performance indicators, including workplace diversity, data security, and greenhouse-gas emissions [1] - The ranking process started with the 1,000 largest publicly traded companies by market value, assessing performance across five key constituencies: shareholders, employees, customers, community, and the planet [1] - Companies were scored from 0 to 100 in each stakeholder category, with a weighted average calculated based on financial materiality for their industry peer group [1] - To qualify for the top 100, companies had to perform above the bottom quarter in each material stakeholder category and avoid poor performance in any financially material category [1] Top ESG Dividend Performers - 9 out of 77 dividend-paying sustainable companies met the "Dogcatcher" criteria, with annual dividends from a $1K investment exceeding their single share prices [2] - These companies include NextEra Energy Partners, Franklin Resources, Kraft Heinz, Avangrid, Regions Financial, Interpublic Group, Citizens Financial Group, Exelon, and Hormel Foods [2] - Analysts estimated net gains ranging from 15.69% to 41.33% for ten top ESG companies by July 2025, with five of these companies also ranking among the top ten gainers based on analyst target prices [2] Projected Gains for Top ESG Companies - The Estee Lauder Companies is projected to net $413.34 based on analyst estimates, with a Beta indicating 1% less volatility than the market [3] - Kraft Heinz is expected to net $272.71, with 47% less market volatility, while Hasbro is projected to net $265.42 with 38% less volatility [3] - The average net gain across ten top ESG stocks is estimated at 23.9% on a $10K investment, with average risk/volatility 20% under the market [3] Sector Representation and Yield Analysis - The top ten dividend-yielding ESG stocks represent five out of eleven Morningstar sectors, with utilities leading the pack [6] - NextEra Energy Partners leads with a 12.73% yield, followed by Franklin Resources (5.37%) and Kraft Heinz (4.97%) [6] - The top ten ESG dividend dogs are projected to deliver an average gain of 15.43%, with the five lowest-priced stocks expected to outperform with an 18.54% gain [13][14] Price and Dividend Analysis - Seven of the top ten ESG stocks are priced below the annual dividends paid from a $1K investment, highlighting their value proposition [23] - The five lowest-priced top-yield ESG dividend stocks include Regions Financial, Franklin Resources, NextEra Energy, The Interpublic Group, and Kraft Heinz, with prices ranging from $20.71 to $32.18 [15] - The distinction between low-priced and higher-priced dividend dogs reflects a strategy for outperforming the market, with analyst targets providing a gauge of upside potential [16]
Avangrid (AGR) Places First Solar Panels at Powell Creek Project
ZACKS· 2024-07-11 14:16
Avangrid Inc. (AGR) announced that it has installed the first solar panels (Golden Row) at its Powell Creek solar project in Putnam County, OH, near Miller City.The Golden Row signifies the initial row of solar panels that will serve as the blueprint for the remainder of the construction. Since the installation of Golden Row, Avangrid has proceeded with construction activities on-site. It has also successfully added more than 1,000 panels so far.Powell Creek is located on a property that is directly rented ...
Avangrid (AGR) Gains From Infrastructure & Renewable Investment
ZACKS· 2024-07-09 16:11
Avangrid, Inc. (AGR) is among the largest solar and wind generators in the United States with operations in 24 U.S. states. Its long-term capital expenditure plans, strategic investments for expansion in clean energy, share repurchase and low debt will boost the performance of the company.AGR currently has a Zacks Rank #3 (Hold). Let’s take a look at the factors that could impact the performance of the company.TailwindsAvangrid continues to pursue its organic growth strategy. In the first quarter of 2024, t ...
Dominion Energy Announces Agreement to Acquire Offshore Wind Lease From Avangrid For Potential Future Regulated Generation Development
Prnewswire· 2024-07-08 20:30
40,000-acre lease, currently known as Kitty Hawk North Wind, will be renamed CVOW-South and could support 800 MW of offshore wind generation capacity in the 2030sAcquisition provides optionality to deploy additional regulated offshore wind generation to serve unprecedented electric demand growth using all-of-the-above approach supportive of goals of Virginia Clean Economy Act Transaction value of ~$160 million consists of lease acquisition ($117 million) and associated development cost reimbursement ($43 mi ...
3 Utilities in Focus Before World Wind Day 2024
ZACKS· 2024-06-14 12:41
World Wind Day is an annual event celebrated on Jun 15 to raise awareness about the importance of wind energy and its potential to aid in the transition to a clean energy future. Global Wind Day was first celebrated in 2007 by the European Wind Energy Association (“EWEA”). In 2009, the Global Wind Energy Council joined forces with the EWEA to organize the event. The events and activities take place in more than 100 countries.The day highlights the advancements achieved in wind energy development, such as th ...
Buy 9 Sustainable Dividend Dogs Of Barron's June Top 100
Seeking Alpha· 2024-06-13 19:37
Ralf Hahn/iStock via Getty Images Foreword This article is based on 100 top sustainable companies based on Calvert Research and Management's annual review of more than 230 Environmental, Social and Governance [ESG] performance indicators, such as workplace diversity, data security, and greenhouse-gas emissions, as reported in the February 26, 2024, edition of Barron's weekly. How Barron's determined their list "To build Barron's seventh annual ranking of the most sustainable companies, Calvert Resear ...