Avangrid Inc

AGR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$52.36	Cwjt	Whdcjtbc

Avangrid: Lowering Moat to None Amid Regulatory Challenges and Offshore Wind Concerns

Andrew Bischof

Jun 4, 2024

We are lowering our moat rating for Avangrid to none from narrow. The moat change had no effect on our $35.75 fair value estimate, which is a reflection of our expectations that Iberdrola's proposal to acquire the company will be successful.

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