Alpine Woods Capital Investors LLC reduced its stake in shares of BT Group PLC (NYSE:BT) by 93.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the utilities provider’s stock after selling 533,200 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in BT Group PLC were worth $7,770,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Stephens Inc. AR grew its stake in shares of BT Group PLC by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 343 shares during the last quarter. Creative Planning grew its stake in shares of BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 377 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of BT Group PLC by 7.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 1,204 shares during the last quarter. Berkeley Capital Partners LLC grew its stake in shares of BT Group PLC by 5.5% in the second quarter. Berkeley Capital Partners LLC now owns 32,652 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Suntrust Banks Inc. grew its stake in shares of BT Group PLC by 4.1% in the second quarter. Suntrust Banks Inc. now owns 64,116 shares of the utilities provider’s stock worth $1,242,000 after purchasing an additional 2,525 shares during the last quarter. 0.94% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on BT shares. BidaskClub lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Deutsche Bank AG restated a “sell” rating and issued a GBX 265 ($3.49) price objective on shares of BT Group PLC in a report on Wednesday, August 9th. Citigroup Inc. restated a “buy” rating and issued a GBX 360 ($4.73) price objective on shares of BT Group PLC in a report on Monday, July 31st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 410 ($5.39) price objective on shares of BT Group PLC in a report on Monday, July 31st. Finally, Numis Securities Ltd restated a “buy” rating and issued a GBX 390 ($5.13) price objective on shares of BT Group PLC in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. BT Group PLC currently has a consensus rating of “Hold” and an average price target of $317.18.

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Shares of BT Group PLC (BT) traded up $0.03 on Monday, hitting $16.39. 484,400 shares of the company traded hands, compared to its average volume of 745,124. The company has a market capitalization of $32,380.00, a P/E ratio of 9.06, a P/E/G ratio of 4.57 and a beta of 0.92. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. BT Group PLC has a 12 month low of $16.15 and a 12 month high of $24.65.

The company also recently declared a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be given a dividend of $0.297 per share. This represents a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, December 28th. BT Group PLC’s dividend payout ratio (DPR) is currently 92.23%.

BT Group PLC Profile

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

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