BWS Financial reaffirmed their buy rating on shares of Shenandoah Telecommunications (NASDAQ:SHEN – Free Report) in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a $26.00 price target on the utilities provider’s stock.
Separately, StockNews.com upgraded shares of Shenandoah Telecommunications to a “sell” rating in a research note on Tuesday, July 30th.
Get Our Latest Stock Analysis on Shenandoah Telecommunications
Shenandoah Telecommunications Price Performance
Shenandoah Telecommunications Increases Dividend
The company also recently declared an annual dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th will be issued a $0.10 dividend. This represents a yield of 0.66%. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.09. The ex-dividend date is Tuesday, November 5th. Shenandoah Telecommunications’s dividend payout ratio (DPR) is presently 2.57%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Shenandoah Telecommunications during the 3rd quarter worth $37,000. GAMMA Investing LLC increased its position in shares of Shenandoah Telecommunications by 85.1% during the second quarter. GAMMA Investing LLC now owns 4,599 shares of the utilities provider’s stock valued at $75,000 after buying an additional 2,115 shares during the period. Quantbot Technologies LP boosted its stake in Shenandoah Telecommunications by 570.2% during the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 6,244 shares in the last quarter. Quest Partners LLC boosted its stake in Shenandoah Telecommunications by 741.0% during the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 6,728 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Shenandoah Telecommunications during the first quarter worth about $109,000. 61.96% of the stock is owned by institutional investors.
Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.
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