Meritage Portfolio Management Has $432,000 Stock Holdings in TEGNA Inc. $TGNA

Meritage Portfolio Management lifted its stake in shares of TEGNA Inc. (NYSE:TGNA) by 2.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,801 shares of the company’s stock after purchasing an additional 688 shares during the period. Meritage Portfolio Management’s holdings in TEGNA were worth $432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TGNA. GAMMA Investing LLC raised its position in shares of TEGNA by 53.3% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $57,000 after purchasing an additional 1,088 shares during the period. TD Private Client Wealth LLC raised its position in shares of TEGNA by 13,896.4% during the second quarter. TD Private Client Wealth LLC now owns 3,919 shares of the company’s stock worth $66,000 after purchasing an additional 3,891 shares during the period. Amundi raised its position in shares of TEGNA by 1,507.5% during the first quarter. Amundi now owns 4,067 shares of the company’s stock worth $74,000 after purchasing an additional 3,814 shares during the period. Blue Trust Inc. raised its position in shares of TEGNA by 26.0% during the first quarter. Blue Trust Inc. now owns 4,227 shares of the company’s stock worth $77,000 after purchasing an additional 873 shares during the period. Finally, Strs Ohio acquired a new stake in shares of TEGNA during the first quarter worth $86,000. 92.19% of the stock is owned by institutional investors and hedge funds.

TEGNA Stock Performance

Shares of NYSE TGNA opened at $20.07 on Tuesday. The business’s 50-day moving average price is $20.35 and its two-hundred day moving average price is $17.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 1.47. TEGNA Inc. has a one year low of $14.87 and a one year high of $21.35. The company has a market capitalization of $3.23 billion, a P/E ratio of 7.22 and a beta of 0.25.

TEGNA (NYSE:TGNA) last issued its earnings results on Thursday, August 7th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The firm had revenue of $675.05 million for the quarter, compared to the consensus estimate of $673.92 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. TEGNA has set its Q3 2025 guidance at EPS. Analysts anticipate that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were paid a $0.125 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.50 dividend on an annualized basis and a yield of 2.5%. TEGNA’s payout ratio is 17.99%.

Analyst Ratings Changes

Several research firms recently weighed in on TGNA. Guggenheim reissued a “neutral” rating and set a $19.00 price target on shares of TEGNA in a research report on Friday, August 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $22.00 price target (up from $21.00) on shares of TEGNA in a research report on Sunday, August 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TEGNA in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.75.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.