Xponance Inc. Invests $204,000 in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Xponance Inc. bought a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,213 shares of the utilities provider’s stock, valued at approximately $204,000.

Several other large investors have also recently modified their holdings of CHT. BNP Paribas Financial Markets boosted its position in shares of Chunghwa Telecom by 617.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 1,457 shares during the period. GeoWealth Management LLC bought a new position in shares of Chunghwa Telecom in the fourth quarter valued at approximately $117,000. GAMMA Investing LLC boosted its position in shares of Chunghwa Telecom by 66.8% in the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider’s stock valued at $202,000 after acquiring an additional 2,061 shares during the period. D Orazio & Associates Inc. boosted its position in shares of Chunghwa Telecom by 4.5% in the first quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider’s stock valued at $236,000 after acquiring an additional 259 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Chunghwa Telecom in the fourth quarter valued at approximately $266,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Monday, April 14th.

Chunghwa Telecom Price Performance

CHT stock opened at $43.77 on Monday. The firm has a 50 day moving average of $44.70 and a 200-day moving average of $41.04. The company has a current ratio of 1.63, 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 $36.29 and a 12 month high of $47.03. The firm has a market capitalization of $33.95 billion, a P/E ratio of 29.38 and a beta of 0.25.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Chunghwa Telecom had a net margin of 16.29% and a return on equity of 9.63%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $56.11 billion. As a group, sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Chunghwa Telecom Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.6695 per share. The ex-dividend date is Thursday, July 3rd. This is a positive change from Chunghwa Telecom’s previous annual dividend of $1.47. This represents a yield of 2.9%. Chunghwa Telecom’s payout ratio is presently 87.25%.

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.