WealthTrust Axiom LLC Takes Position in BT Group PLC (NYSE:BT)

WealthTrust Axiom LLC purchased a new stake in BT Group PLC (NYSE:BT) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,734 shares of the utilities provider’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BT. Raymond James Financial Services Advisors Inc. acquired a new position in BT Group PLC during the first quarter valued at about $316,000. Stevens Capital Management LP raised its position in BT Group PLC by 122.8% in the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock valued at $493,000 after buying an additional 13,536 shares during the period. Capstone Asset Management Co. raised its position in BT Group PLC by 6.8% in the first quarter. Capstone Asset Management Co. now owns 163,993 shares of the utilities provider’s stock valued at $3,295,000 after buying an additional 10,420 shares during the period. Bollard Group LLC raised its position in BT Group PLC by 1.4% in the first quarter. Bollard Group LLC now owns 46,540 shares of the utilities provider’s stock valued at $935,000 after buying an additional 664 shares during the period. Finally, Bank of Montreal Can raised its position in BT Group PLC by 252.2% in the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock valued at $941,000 after buying an additional 33,555 shares during the period. Hedge funds and other institutional investors own 1.03% of the company’s stock.

Shares of BT Group PLC (NYSE:BT) opened at 20.84 on Tuesday. The firm has a market cap of $41.42 billion, a price-to-earnings ratio of 20.04 and a beta of 1.05. The company has a 50 day moving average of $19.44 and a 200 day moving average of $20.01. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $27.06.

BT Group PLC (NYSE:BT) last released its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.88 billion. BT Group PLC had a net margin of 7.14% and a return on equity of 40.09%. On average, equities analysts forecast that BT Group PLC will post $1.84 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be given a $0.6804 dividend. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s dividend payout ratio (DPR) is currently 86.54%.

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Several equities analysts have weighed in on BT shares. Deutsche Bank AG reiterated a “sell” rating on shares of BT Group PLC in a research report on Friday, April 28th. BidaskClub upgraded shares of BT Group PLC from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Citigroup Inc. reiterated a “buy” rating on shares of BT Group PLC in a research report on Monday, May 29th. Zacks Investment Research cut shares of BT Group PLC from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a GBX 325 ($4.23) price objective on shares of BT Group PLC in a research report on Friday, April 21st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $339.33.

About BT Group PLC

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Institutional Ownership by Quarter for BT Group PLC (NYSE:BT)

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