Wealthstream Advisors Inc. Invests $204,000 in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Wealthstream Advisors Inc. bought a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,418 shares of the utilities provider’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in Chunghwa Telecom by 120.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock valued at $36,332,000 after purchasing an additional 500,475 shares during the period. Rhumbline Advisers increased its position in shares of Chunghwa Telecom by 1.3% during the fourth quarter. Rhumbline Advisers now owns 255,514 shares of the utilities provider’s stock valued at $9,620,000 after buying an additional 3,393 shares during the period. Public Employees Retirement System of Ohio bought a new position in Chunghwa Telecom in the third quarter worth about $4,095,000. Crossmark Global Holdings Inc. lifted its holdings in Chunghwa Telecom by 12.9% in the third quarter. Crossmark Global Holdings Inc. now owns 101,894 shares of the utilities provider’s stock worth $4,042,000 after buying an additional 11,663 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Chunghwa Telecom by 35.8% in the fourth quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider’s stock worth $1,987,000 after buying an additional 13,195 shares during the period. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Performance

Shares of Chunghwa Telecom stock opened at $39.05 on Monday. The business has a fifty day simple moving average of $38.11 and a two-hundred day simple moving average of $38.30. The firm has a market capitalization of $30.29 billion, a P/E ratio of 26.20, a P/E/G ratio of 21.42 and a beta of 0.20. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $40.62.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

About Chunghwa Telecom

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.