SG Americas Securities LLC Raises Stock Holdings in Chunghwa Telecom Co., Ltd. $CHT

SG Americas Securities LLC raised its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 582.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,264 shares of the utilities provider’s stock after acquiring an additional 18,149 shares during the period. SG Americas Securities LLC’s holdings in Chunghwa Telecom were worth $898,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. B. Metzler seel. Sohn & Co. AG purchased a new stake in Chunghwa Telecom in the fourth quarter worth approximately $6,554,000. Goldman Sachs Group Inc. boosted its stake in shares of Chunghwa Telecom by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock worth $15,362,000 after buying an additional 148,378 shares during the last quarter. First Trust Advisors LP increased its position in shares of Chunghwa Telecom by 342.2% during the 3rd quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider’s stock valued at $4,315,000 after purchasing an additional 76,558 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Chunghwa Telecom by 142.6% in the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock worth $6,033,000 after purchasing an additional 76,087 shares during the period. Finally, Creative Planning boosted its holdings in shares of Chunghwa Telecom by 20.0% in the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after buying an additional 63,523 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHT. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Monday, April 20th. Zacks Research upgraded shares of Chunghwa Telecom to a “hold” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Chunghwa Telecom Stock Up 0.1%

NYSE CHT opened at $44.05 on Monday. The stock’s 50 day moving average is $44.30 and its 200 day moving average is $43.05. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $46.48. The stock has a market cap of $34.17 billion, a PE ratio of 26.86, a P/E/G ratio of 1.94 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. The firm had revenue of $1.88 billion for the quarter. Research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.57 EPS for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be paid a dividend of $1.6525 per share. This represents a yield of 370.0%. The ex-dividend date of this dividend is Thursday, July 9th. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 79.27%.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.