First Mercantile Trust Co. purchased a new position in BT Group PLC (NYSE:BT) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 29,918 shares of the utilities provider’s stock, valued at approximately $581,000.

A number of other hedge funds have also modified their holdings of BT. WealthTrust Axiom LLC acquired a new stake in shares of BT Group PLC during the second quarter worth about $227,000. Sei Investments Co. raised its stake in shares of BT Group PLC by 125.9% in the second quarter. Sei Investments Co. now owns 16,067 shares of the utilities provider’s stock worth $312,000 after buying an additional 8,954 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of BT Group PLC during the second quarter worth about $129,000. Whittier Trust Co. raised its stake in shares of BT Group PLC by 2.2% in the second quarter. Whittier Trust Co. now owns 81,809 shares of the utilities provider’s stock worth $1,588,000 after buying an additional 1,748 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its stake in shares of BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after buying an additional 659,380 shares during the last quarter. 1.03% of the stock is currently owned by hedge funds and other institutional investors.

BT Group PLC (NYSE BT) opened at 19.51 on Tuesday. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $26.76. The company’s 50-day moving average price is $19.85 and its 200 day moving average price is $19.89. The firm has a market capitalization of $38.78 billion, a price-to-earnings ratio of 18.41 and a beta of 1.05.

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 paid a dividend of $0.6804 per share. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 6.86%. BT Group PLC’s dividend payout ratio (DPR) is presently 90.39%.

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A number of analysts have issued reports on the company. Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.44) price target on shares of BT Group PLC in a research note on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating and issued a GBX 450 ($5.84) price target on shares of BT Group PLC in a research note on Wednesday, August 9th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 390 ($5.06) price target on shares of BT Group PLC in a research note on Monday, August 7th. Zacks Investment Research lowered BT Group PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised BT Group PLC from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. BT Group PLC has an average rating of “Hold” and a consensus price target of $339.33.

About BT Group PLC

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

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