Wells Fargo & Company MN Has $937,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

Wells Fargo & Company MN grew its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,829 shares of the shipping company's stock after purchasing an additional 30,600 shares during the period. Wells Fargo & Company MN owned about 0.06% of DHT worth $937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of DHT during the fourth quarter valued at approximately $36,000. New Age Alpha Advisors LLC purchased a new position in DHT in the fourth quarter valued at about $71,000. SBI Securities Co. Ltd. acquired a new position in DHT in the 4th quarter worth about $108,000. Ieq Capital LLC purchased a new stake in shares of DHT during the 4th quarter worth about $116,000. Finally, Cibc World Markets Corp bought a new stake in shares of DHT in the 4th quarter valued at approximately $117,000. Institutional investors and hedge funds own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Evercore ISI lowered their price target on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $12.74.

DHT Price Performance

Shares of NYSE DHT traded up $0.24 during mid-day trading on Monday, hitting $11.15. 446,419 shares of the stock were exchanged, compared to its average volume of 1,948,232. The stock's fifty day simple moving average is $10.41 and its two-hundred day simple moving average is $10.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80. The company has a market cap of $1.80 billion, a P/E ratio of 9.95 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. As a group, analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.10%. DHT's dividend payout ratio is currently 60.71%.

DHT Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.