State of Alaska Department of Revenue Increases Stock Holdings in TEGNA Inc. $TGNA

State of Alaska Department of Revenue grew its position in TEGNA Inc. (NYSE:TGNA) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,748 shares of the company’s stock after buying an additional 6,472 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of TEGNA worth $1,604,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board increased its position in shares of TEGNA by 48.7% in the first quarter. Public Sector Pension Investment Board now owns 596,868 shares of the company’s stock valued at $10,875,000 after buying an additional 195,396 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of TEGNA by 2.5% in the first quarter. Principal Financial Group Inc. now owns 934,711 shares of the company’s stock valued at $17,030,000 after buying an additional 23,094 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of TEGNA in the first quarter valued at $5,371,000. Deutsche Bank AG increased its position in shares of TEGNA by 383.6% in the first quarter. Deutsche Bank AG now owns 756,941 shares of the company’s stock valued at $13,791,000 after buying an additional 600,407 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of TEGNA by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,376 shares of the company’s stock valued at $341,000 after buying an additional 6,433 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TGNA shares. Weiss Ratings restated a “buy (b-)” rating on shares of TEGNA in a research report on Saturday, September 27th. Guggenheim reiterated a “neutral” rating and set a $19.00 price objective on shares of TEGNA in a research report on Friday, August 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $22.00 price objective (up previously from $21.00) on shares of TEGNA in a research report on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

TEGNA Stock Performance

NYSE TGNA opened at $20.12 on Friday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 7.24 and a beta of 0.25. TEGNA Inc. has a 1-year low of $14.87 and a 1-year high of $21.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 1.47. The business’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $17.93.

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

TEGNA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 5th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.50 annualized dividend and a yield of 2.5%. TEGNA’s payout ratio is 17.99%.

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.