Federated Investors Inc. PA boosted its position in Frontier Communications Corporation (NASDAQ:FTR) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 671,875 shares of the utilities provider’s stock after purchasing an additional 16,302 shares during the quarter. Federated Investors Inc. PA owned approximately 0.86% of Frontier Communications Corporation worth $779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in shares of Frontier Communications Corporation by 61.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,067,340 shares of the utilities provider’s stock valued at $2,652,000 after acquiring an additional 405,294 shares in the last quarter. Comerica Bank increased its holdings in shares of Frontier Communications Corporation by 1.3% during the second quarter. Comerica Bank now owns 940,739 shares of the utilities provider’s stock valued at $997,000 after acquiring an additional 12,067 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Frontier Communications Corporation by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 25,636,186 shares of the utilities provider’s stock valued at $29,738,000 after acquiring an additional 1,757,905 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Frontier Communications Corporation by 3.1% during the second quarter. Advisors Asset Management Inc. now owns 7,073,545 shares of the utilities provider’s stock valued at $8,205,000 after acquiring an additional 210,895 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Frontier Communications Corporation by 25.1% during the second quarter. Rhumbline Advisers now owns 2,403,918 shares of the utilities provider’s stock valued at $2,789,000 after acquiring an additional 482,797 shares in the last quarter.

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Frontier Communications Corporation (NASDAQ FTR) opened at 12.52 on Tuesday. The company’s market cap is $983.02 million. Frontier Communications Corporation has a 1-year low of $11.65 and a 1-year high of $66.00. The stock has a 50 day moving average price of $14.00 and a 200 day moving average price of $21.48.

Frontier Communications Corporation (NASDAQ:FTR) last issued its earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($1.07) by ($0.03). Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned ($0.29) EPS. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Frontier Communications Corporation will post ($4.13) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.60 dividend. This is an increase from Frontier Communications Corporation’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, September 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 19.17%. Frontier Communications Corporation’s dividend payout ratio is presently -16.65%.

Several equities analysts have recently weighed in on FTR shares. Zacks Investment Research upgraded Frontier Communications Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 14th. ValuEngine cut Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. BidaskClub raised Frontier Communications Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 20th. Morgan Stanley dropped their price objective on Frontier Communications Corporation from $2.30 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, June 14th. Finally, Hilliard Lyons cut Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.14.

Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

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Institutional Ownership by Quarter for Frontier Communications Corporation (NASDAQ:FTR)

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