Renaissance Technologies LLC Increases Holdings in Chunghwa Telecom Co., Ltd. $CHT

Renaissance Technologies LLC boosted its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 2,765,296 shares of the utilities provider’s stock after buying an additional 36,820 shares during the quarter. Renaissance Technologies LLC’s holdings in Chunghwa Telecom were worth $116,806,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Chunghwa Telecom in the fourth quarter worth about $6,554,000. R Squared Ltd raised its holdings in shares of Chunghwa Telecom by 97.3% during the 1st quarter. R Squared Ltd now owns 55,164 shares of the utilities provider’s stock valued at $2,330,000 after buying an additional 27,200 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Chunghwa Telecom during the 4th quarter valued at about $1,323,000. Sequoia Financial Advisors LLC lifted its position in Chunghwa Telecom by 35.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 47,725 shares of the utilities provider’s stock worth $2,016,000 after acquiring an additional 12,447 shares in the last quarter. Finally, SmartHarvest Portfolios LLC acquired a new position in Chunghwa Telecom during the 4th quarter worth approximately $623,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHT. Zacks Research cut Chunghwa Telecom from a “hold” rating to a “strong sell” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $42.77 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46. The company’s fifty day moving average price is $44.04 and its two-hundred day moving average price is $43.16. The firm has a market capitalization of $33.17 billion, a P/E ratio of 26.08, a P/E/G ratio of 1.93 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $46.48.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%.The company had revenue of $1.88 billion during the quarter. On average, research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.53 earnings per share for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.6525 per share. This represents a yield of 398.0%. The ex-dividend date is Thursday, July 9th. Chunghwa Telecom’s dividend payout ratio (DPR) is 78.66%.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.