Envestnet Asset Management Inc. raised its position in Chunghwa Telecom (NYSE:CHT) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,288 shares of the utilities provider’s stock after acquiring an additional 1,366 shares during the period. Envestnet Asset Management Inc.’s holdings in Chunghwa Telecom were worth $329,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in shares of Chunghwa Telecom by 7.0% in the 4th quarter. Alliancebernstein L.P. now owns 50,981 shares of the utilities provider’s stock worth $1,807,000 after acquiring an additional 3,322 shares during the period. Augustine Asset Management Inc. lifted its stake in shares of Chunghwa Telecom by 9.1% in the 4th quarter. Augustine Asset Management Inc. now owns 41,163 shares of the utilities provider’s stock worth $1,458,000 after acquiring an additional 3,438 shares during the period. Suntrust Banks Inc. acquired a new stake in shares of Chunghwa Telecom in the 4th quarter worth $210,000. Mackenzie Financial Corp acquired a new stake in shares of Chunghwa Telecom in the 4th quarter worth $269,000. Finally, Guggenheim Capital LLC lifted its stake in shares of Chunghwa Telecom by 7.2% in the 4th quarter. Guggenheim Capital LLC now owns 134,020 shares of the utilities provider’s stock worth $4,750,000 after acquiring an additional 9,047 shares during the period. Institutional investors own 2.98% of the company’s stock.
Shares of CHT opened at $38.82 on Wednesday. The stock has a market capitalization of $30,083.39, a PE ratio of 23.67, a P/E/G ratio of 4.34 and a beta of 0.32. Chunghwa Telecom has a 52-week low of $33.10 and a 52-week high of $39.33.
Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $2.02 billion during the quarter. Chunghwa Telecom had a net margin of 17.08% and a return on equity of 10.57%. analysts forecast that Chunghwa Telecom will post 1.7 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Chunghwa Telecom from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th.
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Chunghwa Telecom Company Profile
Chunghwa Telecom Co, Ltd. engages in the provision of telecommunication and information related services. It operates through the following business segments: Domestic Fixed Communications, Mobile Communications, Internet, International Fixed Communications, and Others. The company was founded on June 15, 1996 and is headquartered in Taipei, Taiwan.
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