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

Envestnet Asset Management Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 884,939 shares of the utilities provider's stock after buying an additional 143,928 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of PT Telekomunikasi Indonesia, Tbk worth $13,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TLK. EverSource Wealth Advisors LLC lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 49.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider's stock worth $33,000 after buying an additional 662 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 worth $47,000 after buying an additional 2,660 shares during the last quarter. Blue Trust Inc. increased its position in PT Telekomunikasi Indonesia, Tbk by 630.5% during the first quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider's stock worth $115,000 after acquiring an additional 6,708 shares during the period. Sequoia Financial Advisors LLC bought a new position in PT Telekomunikasi Indonesia, Tbk during the fourth quarter worth about $185,000. Finally, GAMMA Investing LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 958.2% during the first quarter. GAMMA Investing LLC now owns 15,937 shares of the utilities provider's stock worth $235,000 after acquiring an additional 14,431 shares during the period.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock traded up $0.30 on Tuesday, reaching $17.48. The stock had a trading volume of 550,632 shares, compared to its average volume of 573,096. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.15 and a 1 year high of $21.00. The company has a market cap of $17.31 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $16.76 and its two-hundred day moving average is $15.89.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

Analyst Upgrades and Downgrades

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

About PT Telekomunikasi Indonesia, Tbk

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.