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

Other hedge funds have also recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at about $16,533,000. Envestnet Asset Management Inc. raised its stake in PT Telekomunikasi Indonesia, Tbk by 19.4% in the first quarter. Envestnet Asset Management Inc. now owns 884,939 shares of the utilities provider's stock valued at $13,071,000 after buying an additional 143,928 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in PT Telekomunikasi Indonesia, Tbk by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock valued at $10,518,000 after buying an additional 16,915 shares during the last quarter. Ramirez Asset Management Inc. purchased a new stake in PT Telekomunikasi Indonesia, Tbk in the first quarter valued at about $3,861,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in PT Telekomunikasi Indonesia, Tbk by 237.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 164,386 shares of the utilities provider's stock valued at $2,428,000 after buying an additional 115,737 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of NYSE:TLK traded down $0.06 during trading on Thursday, hitting $20.34. The stock had a trading volume of 1,059,398 shares, compared to its average volume of 681,473. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $21.00. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.25 and a beta of 0.63. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $17.19 and a two-hundred day simple moving average of $16.08.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, New Street Research cut PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note 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.