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Bargain Hunters Take Note: Insider Cluster-Buying At AGR

A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Avangrid Inc (Symbol: AGR), 3 different insiders purchased 1,100 shares at an average price of $50.38/share, for a total of $55,416, with the most recent purchase on March 15, 2018.

Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":

Purchased Insider Title Shares Price/Share Value
10/02/2017 Alan D. Solomont Director 106 $47.61 $5,046.19
11/01/2017 Alan D. Solomont Director 97 $51.05 $4,951.85
11/15/2017 Elizabeth Timm Director 191 $52.60 $10,046.83
12/01/2017 Alan D. Solomont Director 94 $53.21 $5,001.74
12/14/2017 John E. Baldacci Director 100 $51.44 $5,144.00
01/02/2018 Alan D. Solomont Director 99 $50.77 $5,026.23
02/01/2018 Alan D. Solomont Director 103 $48.63 $5,008.89
02/15/2018 Elizabeth Timm Director 210 $48.70 $10,227.63
03/15/2018 John E. Baldacci Director 100 $49.63 $4,963.00

The chart below shows the one year performance of AGR shares, versus its 200 day moving average. Note that AGR's low point in its 52 week range is $41.86 per share, with $53.46 as the 52 week high point - that compares with a last trade of $49.84, with shares currently trading down about 0.2% on the day.

Avangrid Inc Chart

The current annualized dividend paid by Avangrid Inc is $1.728/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/08/2018. Below is a long-term dividend history chart for AGR, which can be of good help in judging whether the most recent dividend with approx. 3.5% annualized yield is likely to continue.

AGR+Dividend+History+Chart

According to the ETF Finder at ETF Channel, AGR makes up 3.82% of the First Trust Utilities AlphaDEX Fund ETF (Symbol: FXU) which is trading higher by about 0.6% on the day Friday.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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