Quantinno Capital Management LP Has $12.55 Million Position in Chunghwa Telecom Co., Ltd. $CHT

Quantinno Capital Management LP grew its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 41.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,210 shares of the utilities provider’s stock after acquiring an additional 86,786 shares during the period. Quantinno Capital Management LP’s holdings in Chunghwa Telecom were worth $12,554,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CHT. Bridgewater Advisors Inc. raised its holdings in shares of Chunghwa Telecom by 4.3% in the 1st quarter. Bridgewater Advisors Inc. now owns 10,081 shares of the utilities provider’s stock valued at $439,000 after purchasing an additional 416 shares during the period. Renaissance Technologies LLC grew its holdings in Chunghwa Telecom by 1.3% during the first quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock worth $116,806,000 after purchasing an additional 36,820 shares during the period. Compound Planning Inc. grew its holdings in Chunghwa Telecom by 6.2% during the first quarter. Compound Planning Inc. now owns 10,994 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 642 shares during the period. Sei Investments Co. increased its position in Chunghwa Telecom by 31.9% during the first quarter. Sei Investments Co. now owns 57,324 shares of the utilities provider’s stock worth $2,421,000 after buying an additional 13,856 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Chunghwa Telecom by 1.5% during the first quarter. First Trust Advisors LP now owns 111,312 shares of the utilities provider’s stock worth $4,702,000 after buying an additional 1,659 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Down 0.5%

Shares of CHT opened at $42.40 on Tuesday. The firm has a market cap of $32.89 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.64. Chunghwa Telecom Co., Ltd. has a 52 week low of $39.28 and a 52 week high of $46.48. The firm’s 50-day simple moving average is $43.91 and its 200 day simple moving average is $43.21.

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

Chunghwa Telecom Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Friday, July 17th. Zacks Research lowered Chunghwa Telecom from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

About Chunghwa Telecom

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.