TEGNA Inc. $TGNA Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in TEGNA Inc. (NYSE:TGNA) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,642 shares of the company’s stock after buying an additional 3,599 shares during the quarter. Exchange Traded Concepts LLC’s holdings in TEGNA were worth $1,050,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TGNA. Voloridge Investment Management LLC purchased a new stake in TEGNA in the 4th quarter valued at $5,434,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TEGNA by 16.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 518,578 shares of the company’s stock valued at $9,485,000 after buying an additional 72,397 shares in the last quarter. Mackenzie Financial Corp grew its holdings in TEGNA by 113.4% in the 4th quarter. Mackenzie Financial Corp now owns 88,446 shares of the company’s stock valued at $1,618,000 after buying an additional 46,996 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in TEGNA by 7.9% in the 4th quarter. Integrated Advisors Network LLC now owns 16,040 shares of the company’s stock valued at $293,000 after buying an additional 1,171 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TEGNA in the 4th quarter valued at $7,955,000. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

TEGNA Stock Performance

Shares of TGNA opened at $20.85 on Wednesday. The stock has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $17.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $3.35 billion, a PE ratio of 7.50 and a beta of 0.28. TEGNA Inc. has a 1 year low of $14.87 and a 1 year high of $21.35.

TEGNA (NYSE:TGNA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. The business had revenue of $675.05 million during the quarter, compared to analysts’ expectations of $673.92 million. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. TEGNA has set its Q3 2025 guidance at EPS. On average, analysts predict that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 5th. TEGNA’s dividend payout ratio (DPR) is presently 17.99%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Guggenheim restated a “neutral” rating and issued a $19.00 target price on shares of TEGNA in a report on Friday, August 22nd. Wells Fargo & Company restated an “overweight” rating and set a $22.00 target price (up from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.