Empowered Funds LLC grew its holdings in TEGNA Inc. (NYSE:TGNA - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 785,852 shares of the company's stock after buying an additional 163,490 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of TEGNA worth $14,318,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Neo Ivy Capital Management purchased a new stake in TEGNA in the 4th quarter worth approximately $28,000. Tower Research Capital LLC TRC lifted its stake in shares of TEGNA by 80.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company's stock valued at $31,000 after purchasing an additional 749 shares during the period. GAMMA Investing LLC lifted its stake in shares of TEGNA by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $57,000 after purchasing an additional 1,088 shares during the period. Amundi lifted its stake in shares of TEGNA by 1,507.5% in the 1st quarter. Amundi now owns 4,067 shares of the company's stock valued at $74,000 after purchasing an additional 3,814 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of TEGNA by 26.0% in the 1st quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock valued at $77,000 after purchasing an additional 873 shares during the period. Hedge funds and other institutional investors own 92.19% of the company's stock.
TEGNA Stock Up 0.2%
TGNA stock opened at $21.01 on Tuesday. TEGNA Inc. has a twelve month low of $13.55 and a twelve month high of $21.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.38 billion, a PE ratio of 7.56 and a beta of 0.28. The business has a 50 day moving average of $18.51 and a 200 day moving average of $17.52.
TEGNA (NYSE:TGNA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.06. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The company had revenue of $675.05 million during the quarter, compared to analyst estimates of $673.92 million. During the same quarter last year, the company earned $0.50 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. TEGNA has set its Q3 2025 guidance at EPS. On average, research analysts forecast that TEGNA Inc. will post 3.02 EPS for the current fiscal year.
TEGNA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 5th. TEGNA's dividend payout ratio (DPR) is 17.99%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on TGNA. Wells Fargo & Company restated an "overweight" rating and issued a $22.00 target price (up previously from $21.00) on shares of TEGNA in a research note on Sunday, August 10th. JPMorgan Chase & Co. lowered their target price on TEGNA from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, Guggenheim restated a "neutral" rating and issued a $19.00 target price on shares of TEGNA in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.75.
Get Our Latest Report on TEGNA
About TEGNA
(
Free Report)
TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.
Further Reading
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