Natixis Advisors LLC Has $1.09 Million Holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Key Points

• Natixis Advisors LLC significantly reduced its stake in PT Telekomunikasi Indonesia, Tbk by 77.4%, now holding shares worth approximately $1.09 million.
• In contrast, several funds, including Farther Finance Advisors LLC and Assetmark Inc., notably increased their investments in the company, with increases as high as 1,368.7%.
• The firm recently announced a dividend increase to $1.3038 per share from the previous $1.11, reflecting a yield of 580.0%.

Natixis Advisors LLC lessened its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 77.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,552 shares of the utilities provider's stock after selling 252,137 shares during the period. Natixis Advisors LLC's holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $285,000. Norges Bank acquired a new position in PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth $2,270,000. Cerity Partners LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 58.6% in the 4th quarter. Cerity Partners LLC now owns 33,711 shares of the utilities provider's stock valued at $555,000 after acquiring an additional 12,458 shares in the last quarter. Raymond James Financial Inc. acquired a new position in PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth $707,000. Finally, Jump Financial LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 100.0% in the fourth quarter. Jump Financial LLC now owns 54,998 shares of the utilities provider's stock worth $905,000 after purchasing an additional 27,496 shares during the period.

Analyst Upgrades and Downgrades

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

PT Telekomunikasi Indonesia, Tbk Stock Up 5.7%

NYSE TLK traded up $1.11 on Wednesday, reaching $20.42. The company had a trading volume of 1,549,670 shares, compared to its average volume of 679,169. The company's fifty day moving average is $17.13 and its 200-day moving average is $16.05. PT Telekomunikasi Indonesia, Tbk has a 1-year low of $13.15 and a 1-year high of $21.00. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 4.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were issued a dividend of $1.3038 per share. The ex-dividend date was Thursday, June 12th. This is a boost from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. This represents a yield of 580.0%. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio is currently 73.43%.

PT Telekomunikasi Indonesia, Tbk 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.