Dimensional Fund Advisors LP decreased its stake in BT Group PLC (NYSE:BT) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 435,486 shares of the utilities provider’s stock after selling 1,895 shares during the period. Dimensional Fund Advisors LP’s holdings in BT Group PLC were worth $8,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Miller Howard Investments Inc. NY raised its position in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock valued at $11,122,000 after buying an additional 23,374 shares during the last quarter. FMR LLC raised its position in BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock valued at $8,878,000 after buying an additional 42,130 shares during the last quarter. Karp Capital Management Corp acquired a new position in BT Group PLC during the first quarter valued at approximately $6,762,000. World Asset Management Inc raised its position in BT Group PLC by 1.4% in the first quarter. World Asset Management Inc now owns 124,017 shares of the utilities provider’s stock valued at $2,492,000 after buying an additional 1,769 shares during the last quarter. Finally, First Trust Advisors LP raised its position in BT Group PLC by 20.6% in the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock valued at $2,464,000 after buying an additional 20,992 shares during the last quarter. 1.03% of the stock is owned by institutional investors.

BT Group PLC (NYSE BT) traded down 0.05% during mid-day trading on Tuesday, reaching $19.07. 206,859 shares of the company’s stock were exchanged. The company has a market capitalization of $37.90 billion, a P/E ratio of 18.25 and a beta of 1.05. The company’s 50 day moving average price is $19.86 and its 200-day moving average price is $19.88. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.76.

The business also recently announced a semiannual dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 11th will be given a $0.6804 dividend. This represents a yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 9th. BT Group PLC’s dividend payout ratio is presently 90.39%.

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Several research firms have recently commented on BT. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 290 ($3.76) price objective on shares of BT Group PLC in a research note on Wednesday, July 12th. Numis Securities Ltd began coverage on shares of BT Group PLC in a research note on Thursday, July 13th. They issued a “buy” rating and a GBX 390 ($5.06) price objective for the company. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 340 ($4.41) price objective on shares of BT Group PLC in a research note on Monday, July 17th. Zacks Investment Research raised shares of BT Group PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, BidaskClub lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $339.33.

BT Group PLC Company Profile

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Institutional Ownership by Quarter for BT Group PLC (NYSE:BT)

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