OLD Mission Capital LLC purchased a new stake in BT Group plc (NYSE:BT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 244,108 shares of the utilities provider’s stock, valued at approximately $4,448,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kendall Capital Management bought a new stake in BT Group in the 4th quarter valued at $319,000. Advisor Group Inc. raised its stake in BT Group by 87.3% in the 4th quarter. Advisor Group Inc. now owns 12,207 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 5,689 shares during the period. Icon Wealth Partners LLC bought a new stake in BT Group in the 4th quarter valued at $161,000. Investors Research Corp bought a new stake in BT Group in the 4th quarter valued at $1,266,000. Finally, Mackenzie Financial Corp bought a new stake in BT Group in the 4th quarter valued at $375,000. Institutional investors and hedge funds own 0.90% of the company’s stock.
BT has been the topic of a number of research analyst reports. ValuEngine upgraded BT Group from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Bank of America upgraded BT Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. UBS Group upgraded BT Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded BT Group from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, January 31st. Finally, Berenberg Bank upgraded BT Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $309.13.
BT Group (NYSE:BT) last released its earnings results on Friday, February 2nd. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.60 billion. BT Group had a return on equity of 33.47% and a net margin of 7.11%. sell-side analysts forecast that BT Group plc will post 1.95 earnings per share for the current fiscal year.
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BT Group Profile
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.
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