Shenandoah Telecommunications (NASDAQ:SHEN) VP Raymond B. Ostroski sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $44.85, for a total transaction of $224,250.00. Following the completion of the sale, the vice president now directly owns 10,364 shares in the company, valued at approximately $464,825.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ SHEN traded up $1.41 during midday trading on Wednesday, hitting $46.09. The company’s stock had a trading volume of 203,865 shares, compared to its average volume of 177,880. Shenandoah Telecommunications has a one year low of $29.92 and a one year high of $45.69. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.56. The firm has a market cap of $2.22 billion, a P/E ratio of 177.27 and a beta of 0.24.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Tuesday, November 6th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.15 by $0.16. The company had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $156.14 million. Shenandoah Telecommunications had a net margin of 14.41% and a return on equity of 8.73%. Equities analysts expect that Shenandoah Telecommunications will post 0.81 EPS for the current year.

The company also recently disclosed an annual dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a yield of 0.71%. This is a boost from Shenandoah Telecommunications’s previous annual dividend of $0.26. Shenandoah Telecommunications’s payout ratio is currently 103.85%.

Several research firms have recently issued reports on SHEN. BidaskClub raised shares of Shenandoah Telecommunications from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 19th. Zacks Investment Research lowered shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. TheStreet raised shares of Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. B. Riley set a $50.00 price target on shares of Shenandoah Telecommunications and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, ValuEngine raised shares of Shenandoah Telecommunications from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $47.00.

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. purchased a new position in Shenandoah Telecommunications during the third quarter valued at approximately $140,000. JNBA Financial Advisors purchased a new position in Shenandoah Telecommunications during the third quarter valued at approximately $186,000. Hartford Investment Management Co. purchased a new position in Shenandoah Telecommunications during the second quarter valued at approximately $251,000. Martingale Asset Management L P purchased a new position in Shenandoah Telecommunications during the third quarter valued at approximately $322,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Shenandoah Telecommunications during the third quarter valued at approximately $322,000. 47.21% of the stock is owned by institutional investors.

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Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.

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