Shenandoah Telecommunications Co $SHEN Shares Purchased by Creative Planning

Creative Planning boosted its holdings in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) by 16.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,509 shares of the utilities provider’s stock after buying an additional 10,176 shares during the quarter. Creative Planning owned 0.13% of Shenandoah Telecommunications worth $963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new position in shares of Shenandoah Telecommunications in the first quarter worth $50,000. Acadian Asset Management LLC purchased a new position in Shenandoah Telecommunications in the first quarter valued at $76,000. New Age Alpha Advisors LLC acquired a new position in Shenandoah Telecommunications during the 1st quarter worth $90,000. Baird Financial Group Inc. purchased a new stake in Shenandoah Telecommunications during the 1st quarter worth about $158,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Shenandoah Telecommunications by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,831 shares of the utilities provider’s stock worth $162,000 after purchasing an additional 855 shares during the period. Hedge funds and other institutional investors own 61.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHEN. Wall Street Zen downgraded Shenandoah Telecommunications from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 10th. BWS Financial reiterated a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Shenandoah Telecommunications in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Shenandoah Telecommunications Trading Down 0.6%

NASDAQ:SHEN opened at $10.93 on Monday. The company has a market capitalization of $599.82 million, a PE ratio of -17.34 and a beta of 0.80. Shenandoah Telecommunications Co has a 52-week low of $9.66 and a 52-week high of $15.84. The stock’s 50 day moving average price is $12.24 and its 200 day moving average price is $13.05. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $90.95 million. Shenandoah Telecommunications had a negative return on equity of 4.23% and a negative net margin of 9.98%. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

Shenandoah Telecommunications Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a dividend of $0.11 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend is Friday, November 7th. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.10. Shenandoah Telecommunications’s payout ratio is -17.46%.

Insiders Place Their Bets

In related news, major shareholder Ecp Fiber Holdings Gp, Llc purchased 13,541 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average price of $13.29 per share, with a total value of $179,959.89. Following the completion of the acquisition, the insider directly owned 3,455,302 shares in the company, valued at $45,920,963.58. This represents a 0.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ecp Controlco, Llc acquired 3,000 shares of Shenandoah Telecommunications stock in a transaction on Friday, September 5th. The shares were bought at an average cost of $13.45 per share, with a total value of $40,350.00. Following the completion of the purchase, the insider owned 3,441,252 shares in the company, valued at $46,284,839.40. The trade was a 0.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 20,921 shares of company stock worth $277,989. 4.51% of the stock is currently owned by company insiders.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.