Shenandoah Telecommunications (NASDAQ:SHEN) SVP Thomas A. Whitaker sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $42.60, for a total transaction of $127,800.00. Following the completion of the sale, the senior vice president now directly owns 26,810 shares of the company’s stock, valued at approximately $1,142,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:SHEN opened at $44.67 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.50 and a quick ratio of 1.36. Shenandoah Telecommunications has a 52-week low of $29.92 and a 52-week high of $44.82. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 58.38 and a beta of 0.24.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Tuesday, November 6th. The utilities provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.16. The company had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $156.14 million. Shenandoah Telecommunications had a return on equity of 8.73% and a net margin of 14.41%. On average, analysts anticipate that Shenandoah Telecommunications will post 0.69 EPS for the current fiscal year.

The firm also recently announced an annual dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 12th will be paid a dividend of $0.27 per share. This is a boost from Shenandoah Telecommunications’s previous annual dividend of $0.26. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 8th. Shenandoah Telecommunications’s dividend payout ratio is 100.00%.

Several brokerages have issued reports on SHEN. ValuEngine raised shares of Shenandoah Telecommunications from a “buy” rating to a “strong-buy” rating in a research report on Saturday. B. Riley set a $50.00 price objective on shares of Shenandoah Telecommunications and gave the company a “buy” rating in a research report on Wednesday. BidaskClub downgraded shares of Shenandoah Telecommunications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 3rd. Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, TheStreet raised shares of Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $47.00.

Several institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Shenandoah Telecommunications during the 3rd quarter valued at approximately $434,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Shenandoah Telecommunications during the 3rd quarter valued at approximately $425,000. BlackRock Inc. boosted its stake in shares of Shenandoah Telecommunications by 2.4% during the 3rd quarter. BlackRock Inc. now owns 3,404,804 shares of the utilities provider’s stock valued at $131,936,000 after buying an additional 81,378 shares during the last quarter. Martingale Asset Management L P purchased a new position in shares of Shenandoah Telecommunications during the 3rd quarter valued at approximately $322,000. Finally, Vantage Investment Advisors LLC purchased a new position in shares of Shenandoah Telecommunications during the 3rd quarter valued at approximately $646,000. Institutional investors own 47.14% of the company’s stock.

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Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.

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