BT Group PLC (BT) Position Maintained by Bollard Group LLC
Bollard Group LLC maintained its stake in BT Group PLC (NYSE:BT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,540 shares of the utilities provider’s stock at the end of the second quarter. Bollard Group LLC’s holdings in BT Group PLC were worth $903,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in BT Group PLC by 1,155.3% in the first quarter. Advisors Asset Management Inc. now owns 26,475 shares of the utilities provider’s stock worth $532,000 after buying an additional 24,366 shares during the period. First Trust Advisors LP increased its stake in BT Group PLC by 20.6% in the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock worth $2,464,000 after buying an additional 20,992 shares during the period. Wright Investors Service Inc. purchased a new stake in BT Group PLC during the first quarter worth approximately $267,000. Miller Howard Investments Inc. NY increased its stake in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock worth $11,122,000 after buying an additional 23,374 shares during the period. Finally, Dubuque Bank & Trust Co. purchased a new stake in BT Group PLC during the first quarter worth approximately $1,557,000. 1.02% of the stock is owned by hedge funds and other institutional investors.
BT Group PLC (NYSE:BT) traded down 0.59% during mid-day trading on Friday, hitting $20.23. The stock had a trading volume of 317,230 shares. The stock has a 50-day moving average price of $19.23 and a 200 day moving average price of $20.24. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $27.83. The firm has a market cap of $40.02 billion, a P/E ratio of 16.18 and a beta of 1.04.
BT Group PLC (NYSE:BT) last posted its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.88 billion. BT Group PLC had a return on equity of 36.64% and a net margin of 8.48%. Equities analysts anticipate that BT Group PLC will post $3.83 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 11th will be issued a $0.6804 dividend. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 6.86%. BT Group PLC’s dividend payout ratio is currently 70.87%.
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A number of equities research analysts recently commented on the company. Goldman Sachs Group, Inc. (The) decreased their target price on BT Group PLC from GBX 350 ($4.57) to GBX 340 ($4.44) and set a “neutral” rating for the company in a report on Wednesday, May 24th. BNP Paribas downgraded BT Group PLC from a “neutral” rating to an “underperform” rating in a report on Thursday, May 25th. Exane BNP Paribas downgraded BT Group PLC from a “neutral” rating to an “underperform” rating in a report on Thursday, May 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 330 ($4.31) target price on shares of BT Group PLC in a report on Monday, March 27th. Finally, Macquarie reaffirmed a “neutral” rating and set a GBX 270 ($3.53) target price on shares of BT Group PLC in a report on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $343.78.
About BT Group PLC
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