Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 0.2% during the 2nd quarter, Holdings Channel reports. The firm owned 3,058,180 shares of the utilities provider’s stock after buying an additional 7,100 shares during the period. Renaissance Technologies LLC’s holdings in Chunghwa Telecom were worth $118,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ieq Capital LLC lifted its holdings in Chunghwa Telecom by 4.7% during the 4th quarter. Ieq Capital LLC now owns 6,073 shares of the utilities provider’s stock worth $237,000 after buying an additional 271 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Chunghwa Telecom by 5.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,835 shares of the utilities provider’s stock valued at $580,000 after acquiring an additional 743 shares in the last quarter. Balentine LLC boosted its holdings in Chunghwa Telecom by 34.6% in the fourth quarter. Balentine LLC now owns 13,835 shares of the utilities provider’s stock valued at $541,000 after purchasing an additional 3,558 shares during the period. Centaurus Financial Inc. acquired a new stake in Chunghwa Telecom in the 4th quarter valued at about $102,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of Chunghwa Telecom in the 4th quarter valued at about $316,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Trading Up 0.9 %

NYSE:CHT opened at $39.38 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.28. Chunghwa Telecom Co., Ltd. has a 1 year low of $35.44 and a 1 year high of $39.78. The stock has a market cap of $30.55 billion, a P/E ratio of 26.25, a P/E/G ratio of 18.84 and a beta of 0.19. The stock has a 50-day simple moving average of $37.66 and a 200-day simple moving average of $38.34.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.27% and a net margin of 16.27%. The firm had revenue of $1.67 billion during the quarter. As a group, analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.49 earnings per share for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 3rd were given a $1.4736 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a yield of 2.9%. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 75.33%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a report on Tuesday, August 6th.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.