Federated Investors Inc. PA increased its position in shares of BT Group PLC (NYSE:BT) by 34.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,900 shares of the utilities provider’s stock after buying an additional 108,640 shares during the period. Federated Investors Inc. PA’s holdings in BT Group PLC were worth $8,306,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in BT Group PLC during the first quarter valued at approximately $211,000. Stevens Capital Management LP increased its stake in BT Group PLC by 122.8% in the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock valued at $493,000 after buying an additional 13,536 shares in the last quarter. Ameriprise Financial Inc. increased its stake in BT Group PLC by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 48,683 shares of the utilities provider’s stock valued at $977,000 after buying an additional 4,582 shares in the last quarter. First Foundation Advisors acquired a new stake in BT Group PLC during the first quarter valued at approximately $413,000. Finally, Karp Capital Management Corp acquired a new stake in BT Group PLC during the first quarter valued at approximately $6,762,000. Institutional investors own 0.99% of the company’s stock.

Shares of BT Group PLC (BT) opened at 18.89 on Wednesday. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $26.76. The company has a market cap of $37.55 billion, a price-to-earnings ratio of 18.08 and a beta of 1.05. The stock has a 50 day moving average of $19.84 and a 200 day moving average of $19.86.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 11th will be given a $0.6804 dividend. This represents a dividend yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 9th. BT Group PLC’s payout ratio is 90.39%.

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Several equities research analysts recently commented on the stock. Barclays PLC reiterated an “overweight” rating and set a GBX 450 ($5.82) target price on shares of BT Group PLC in a research report on Wednesday, August 9th. BidaskClub downgraded shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 265 ($3.43) target price on shares of BT Group PLC in a research report on Thursday, August 24th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 290 ($3.75) target price on shares of BT Group PLC in a research report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $339.22.

About BT Group PLC

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Institutional Ownership by Quarter for BT Group PLC (NYSE:BT)

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