Wealthstream Advisors Inc. Invests $236,000 in Chunghwa Telecom Co., Ltd. $CHT

Wealthstream Advisors Inc. bought a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,073 shares of the utilities provider’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Chunghwa Telecom during the second quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new position in Chunghwa Telecom during the first quarter worth about $41,000. Advisors Asset Management Inc. acquired a new position in Chunghwa Telecom during the first quarter worth about $92,000. SVB Wealth LLC acquired a new position in Chunghwa Telecom during the first quarter worth about $120,000. Finally, GAMMA Investing LLC boosted its position in Chunghwa Telecom by 66.8% during the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider’s stock worth $202,000 after acquiring an additional 2,061 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Performance

NYSE:CHT opened at $43.58 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. The firm has a market capitalization of $33.80 billion, a price-to-earnings ratio of 28.48 and a beta of 0.26. The company’s 50-day moving average is $44.12 and its two-hundred day moving average is $43.52. Chunghwa Telecom Co., Ltd. has a 1-year low of $36.61 and a 1-year high of $47.03.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $55.92 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. Analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chunghwa Telecom presently has an average rating of “Hold”.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.