Cerity Partners LLC Increases Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Cerity Partners LLC grew its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 100.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,367 shares of the utilities provider's stock after acquiring an additional 39,734 shares during the period. Cerity Partners LLC's holdings in Chunghwa Telecom were worth $3,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHT. Natixis Advisors LLC grew its stake in Chunghwa Telecom by 19.3% during the fourth quarter. Natixis Advisors LLC now owns 42,242 shares of the utilities provider's stock valued at $1,590,000 after acquiring an additional 6,826 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Chunghwa Telecom by 41.2% during the fourth quarter. Corient Private Wealth LLC now owns 35,932 shares of the utilities provider's stock worth $1,353,000 after buying an additional 10,487 shares in the last quarter. American Century Companies Inc. raised its position in shares of Chunghwa Telecom by 15.3% in the fourth quarter. American Century Companies Inc. now owns 255,122 shares of the utilities provider's stock valued at $9,605,000 after buying an additional 33,831 shares during the last quarter. Mizuho Securities Co. Ltd. grew its holdings in shares of Chunghwa Telecom by 163.8% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 14,493 shares of the utilities provider's stock valued at $550,000 after purchasing an additional 9,000 shares during the period. Finally, Allianz SE purchased a new position in shares of Chunghwa Telecom in the fourth quarter valued at approximately $1,175,000. Institutional investors own 2.11% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a report on Monday, April 14th.

Chunghwa Telecom Stock Down 1.5%

Shares of CHT traded down $0.65 during mid-day trading on Friday, reaching $43.77. The company had a trading volume of 166,714 shares, compared to its average volume of 118,284. The company has a market capitalization of $33.95 billion, a price-to-earnings ratio of 29.38 and a beta of 0.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.63. The firm has a 50-day moving average price of $44.70 and a 200 day moving average price of $41.00. Chunghwa Telecom Co., Ltd. has a 52 week low of $36.29 and a 52 week high of $47.03.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $56.11 billion. Chunghwa Telecom had a net margin of 16.29% and a return on equity of 9.63%. On average, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Chunghwa Telecom Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a $1.6695 dividend. The ex-dividend date is Thursday, July 3rd. This is a boost from Chunghwa Telecom's previous annual dividend of $1.47. This represents a yield of 2.9%. Chunghwa Telecom's dividend payout ratio is currently 87.25%.

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.