Envestnet Asset Management Inc. Increases Stock Holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Envestnet Asset Management Inc. raised its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 19.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 884,939 shares of the utilities provider's stock after purchasing an additional 143,928 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of PT Telekomunikasi Indonesia, Tbk worth $13,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 8.4% during the 4th quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider's stock valued at $9,574,000 after buying an additional 44,907 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter valued at $707,000. Blue Trust Inc. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 630.5% during the 1st quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider's stock valued at $115,000 after buying an additional 6,708 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter valued at $544,000. Finally, Farther Finance Advisors LLC lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 541.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock valued at $47,000 after buying an additional 2,660 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, New Street Research lowered PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th.

PT Telekomunikasi Indonesia, Tbk Stock Performance

NYSE:TLK opened at $16.93 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 0.89. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 2.68 and a beta of 0.60. The business's fifty day moving average is $16.76 and its 200 day moving average is $15.90.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were paid a dividend of $1.3038 per share. This represents a dividend yield of 5.8%. This is a positive change from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. The ex-dividend date of this dividend was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk's payout ratio is presently 70.95%.

PT Telekomunikasi Indonesia, Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.

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