|Free Dividend Report|
|AGR Dividend History|
|AGR Stock Split History|
|Preferred Stock Newsletter|
|AGR Options Chain|
|Stock Message Boards|
Avangrid (AGR) has 1 split in our AGR split history database. The split for AGR took place on May 31, 2005. This was a 1 for 10 reverse split, meaning for each 10 shares of AGR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Avangrid conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the AGR split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Avangrid shares, starting with a $10,000 purchase of AGR, presented on a split-history-adjusted basis factoring in the complete AGR split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||9.77%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||9.32%|
|Avangrid is an energy services holding company engaged in the regulated energy transmission and distribution business through its subsidiary, Avangrid Networks, Inc. (Networks), and in the renewable energy generation business through its subsidiary, Avangrid Renewables Holding, Inc. (ARHI). ARHI in turn holds subsidiaries including Avangrid Renewables, LLC (Renewables). Networks holds Co.'s regulated utility businesses, including electric generation, transmission and distribution and natural gas distribution, transportation and sales. Renewables primarily designs, develops, constructs, manages and operates generation plants that produce electricity using renewable resources. According to our AGR split history records, Avangrid has had 1 split.|
|AGR Split History Table|
|05/31/2005||1 for 10|
|Utilities Stock Splits|
|AGR is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AGR shares outstanding history