First Trust Advisors LP Makes New Investment in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

First Trust Advisors LP purchased a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,020 shares of the utilities provider's stock, valued at approximately $942,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ieq Capital LLC grew its position in Chunghwa Telecom by 5.7% in the fourth quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider's stock valued at $212,000 after acquiring an additional 301 shares during the last quarter. Sivia Capital Partners LLC increased its position in Chunghwa Telecom by 4.2% during the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider's stock worth $368,000 after purchasing an additional 391 shares in the last quarter. First Affirmative Financial Network lifted its stake in Chunghwa Telecom by 2.1% in the 4th quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider's stock valued at $1,173,000 after purchasing an additional 655 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its stake in shares of Chunghwa Telecom by 5.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider's stock worth $560,000 after buying an additional 800 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Chunghwa Telecom by 31.0% during the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock worth $153,000 after buying an additional 961 shares in the last quarter. Institutional investors own 2.11% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Chunghwa Telecom from a "buy" rating to a "hold" rating in a report on Monday, April 14th.

Chunghwa Telecom Trading Up 2.1 %

CHT traded up $0.89 during trading on Friday, reaching $42.91. 108,053 shares of the company's stock were exchanged, compared to its average volume of 105,273. The firm has a fifty day moving average price of $39.72 and a two-hundred day moving average price of $38.69. The stock has a market capitalization of $33.29 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 21.42 and a beta of 0.21. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $44.36. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $56.11 billion. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. As a group, equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.