Allspring Global Investments Holdings LLC Sells 1,003 Shares of TEGNA Inc. $TGNA

Allspring Global Investments Holdings LLC lowered its holdings in shares of TEGNA Inc. (NYSE:TGNA) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,373 shares of the company’s stock after selling 1,003 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TEGNA were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TGNA. GAMMA Investing LLC raised its holdings in shares of TEGNA by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock valued at $57,000 after purchasing an additional 1,088 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of TEGNA by 13,896.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 3,919 shares of the company’s stock valued at $66,000 after acquiring an additional 3,891 shares during the last quarter. Amundi boosted its holdings in shares of TEGNA by 1,507.5% in the 1st quarter. Amundi now owns 4,067 shares of the company’s stock valued at $74,000 after acquiring an additional 3,814 shares during the last quarter. Strs Ohio purchased a new stake in shares of TEGNA in the 1st quarter valued at $86,000. Finally, PNC Financial Services Group Inc. boosted its holdings in TEGNA by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company’s stock worth $92,000 after buying an additional 694 shares in the last quarter. Institutional investors own 92.19% of the company’s stock.

TEGNA Trading Up 0.4%

Shares of TGNA stock opened at $20.03 on Friday. The firm has a 50-day moving average price of $20.63 and a 200 day moving average price of $18.16. TEGNA Inc. has a twelve month low of $14.87 and a twelve month high of $21.35. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 7.21 and a beta of 0.25. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.82.

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

TEGNA Dividend Announcement

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

Wall Street Analyst Weigh In

TGNA has been the subject of a number of recent research reports. Guggenheim reiterated a “neutral” rating and issued a $19.00 target price on shares of TEGNA in a research report on Friday, August 22nd. Wells Fargo & Company lowered shares of TEGNA from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Zacks Research lowered shares of TEGNA from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TEGNA in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.75.

About TEGNA

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.