Lansdowne Partners (uk) Llp Exits Position in Avangrid Inc (AGR)

Avangrid Inc (AGR) : Lansdowne Partners (uk) Llp has sold out all of its stake in Avangrid Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 43,333 shares of Avangrid Inc which is valued at $1,903,185.

Other Hedge Funds, Including , Tph Asset Management reduced its stake in AGR by selling 1,943 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 19,333 shares of AGR which is valued at $849,105. Avangrid Inc makes up approx 0.08% of Tph Asset Management’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in AGR by selling 3,795 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 208,746 shares of AGR which is valued at $9,168,124. Avangrid Inc makes up approx 0.07% of Cornerstone Capital Management Holdings.’s portfolio.Aperio Group boosted its stake in AGR in the latest quarter, The investment management firm added 82,167 additional shares and now holds a total of 96,213 shares of Avangrid Inc which is valued at $4,225,675. Avangrid Inc makes up approx 0.03% of Aperio Group’s portfolio.Norges Bank reduced its stake in AGR by selling 142,531 shares or 24.5% in the most recent quarter. The Hedge Fund company now holds 439,288 shares of AGR which is valued at $19,293,529. Avangrid Inc makes up approx 0.01% of Norges Bank’s portfolio.

On the company’s financial health, Avangrid Inc reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.29. The company had revenue of $330.50 million for the quarter, compared to analysts expectations of $318.37 million. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Avangrid Inc. formerly Iberdrola USA Inc. is an energy services holding company. The Company through its principal subsidiaries Iberdrola USA Networks Inc. (Iberdrola Networks) and Iberdrola Renewables Holding Inc. (IRHI) is engaged in the regulated energy distribution renewable energy generation (Renewables) and gas businesses (Gas) collectively (Renewables and Gas). The Company operates through three segments: Networks Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities and any other regulated activity originated in New York and Maine carried out by the Company and its subsidiaries. Renewables segment includes activities relating to renewable energy mainly wind energy generation and trading related with such activities. The Gas segment includes gas trading and storage businesses carried on by the Company and its subsidiaries. Iberdrola Networks owns and operates the regulated utility businesses of the Company.

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