Sei Investments Co. acquired a new stake in shares of BT Group plc (NYSE:BT) in the second quarter, HoldingsChannel reports. The firm acquired 24,644 shares of the utilities provider’s stock, valued at approximately $356,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp increased its position in BT Group by 5.9% during the first quarter. Northern Trust Corp now owns 1,427,969 shares of the utilities provider’s stock valued at $23,077,000 after acquiring an additional 79,666 shares during the last quarter. Morningstar Investment Services LLC purchased a new stake in BT Group in the first quarter worth about $20,787,000. Federated Investors Inc. PA increased its position in BT Group by 67.0% in the first quarter. Federated Investors Inc. PA now owns 1,216,733 shares of the utilities provider’s stock worth $19,662,000 after buying an additional 488,080 shares in the last quarter. Aperio Group LLC increased its position in BT Group by 33.4% in the second quarter. Aperio Group LLC now owns 577,775 shares of the utilities provider’s stock worth $8,355,000 after buying an additional 144,525 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in BT Group by 93.6% in the first quarter. Wells Fargo & Company MN now owns 537,849 shares of the utilities provider’s stock worth $8,692,000 after buying an additional 260,102 shares in the last quarter. Institutional investors own 0.79% of the company’s stock.

BT has been the subject of a number of analyst reports. Royal Bank of Canada cut BT Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 25th. Jefferies Financial Group upgraded BT Group from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Finally, ValuEngine cut BT Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. BT Group presently has an average rating of “Hold” and an average price target of $268.00.

NYSE BT opened at $14.91 on Monday. The stock has a market capitalization of $29.23 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 8.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.80. BT Group plc has a twelve month low of $13.53 and a twelve month high of $19.79.

BT Group Company Profile

BT Group Plc provides communication solutions and services. Its principal activities include fixed-lines services, broadband, mobile and TV products and services as well as networked IT services. The company has following customer-facing lines of business: Consumer; Business and Public Sector; Global Services; Wholesale and Ventures; Technology, Service and Operations; and Openreach.

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Institutional Ownership by Quarter for BT Group (NYSE:BT)

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