Shenandoah Telecommunications (NASDAQ:SHEN) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 339.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,151 shares of the utilities provider’s stock after acquiring an additional 61,910 shares during the period. Barclays PLC owned approximately 0.15% of Shenandoah Telecommunications worth $1,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Shenandoah Telecommunications during the 3rd quarter worth $37,000. Quantbot Technologies LP grew its position in Shenandoah Telecommunications by 570.2% during the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock worth $104,000 after buying an additional 6,244 shares during the period. Quest Partners LLC increased its holdings in Shenandoah Telecommunications by 741.0% in the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock valued at $108,000 after buying an additional 6,728 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Shenandoah Telecommunications during the 2nd quarter valued at approximately $257,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Shenandoah Telecommunications during the 3rd quarter valued at approximately $271,000. Institutional investors and hedge funds own 61.96% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

Shenandoah Telecommunications Stock Down 2.0 %

NASDAQ SHEN opened at $11.74 on Tuesday. The stock has a market cap of $641.03 million, a PE ratio of 3.02 and a beta of 0.63. The business has a 50 day moving average price of $13.03 and a two-hundred day moving average price of $14.81. Shenandoah Telecommunications has a fifty-two week low of $11.57 and a fifty-two week high of $22.27. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.36.

Shenandoah Telecommunications Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 5th were paid a $0.10 dividend. This represents a yield of 0.66%. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.09. The ex-dividend date was Tuesday, November 5th. Shenandoah Telecommunications’s dividend payout ratio (DPR) is 2.57%.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.