Sit Investment Associates Inc. lowered its stake in BT Group plc (NYSE:BT) by 88.6% during the fourth quarter, HoldingsChannel reports. The firm owned 83,800 shares of the utilities provider’s stock after selling 654,100 shares during the period. Sit Investment Associates Inc.’s holdings in BT Group were worth $1,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in BT Group during the 2nd quarter valued at about $129,000. Stephens Inc. AR grew its stake in BT Group by 3.2% during the 2nd quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 343 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in BT Group during the 3rd quarter valued at about $224,000. FDx Advisors Inc. purchased a new position in BT Group during the 3rd quarter valued at about $233,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in BT Group by 7.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 1,204 shares in the last quarter. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

BT has been the topic of several research analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a GBX 340 ($4.61) target price on shares of BT Group in a research note on Monday, September 18th. Macquarie reaffirmed an “outperform” rating on shares of BT Group in a research note on Monday, September 18th. Zacks Investment Research cut BT Group from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Jefferies Group reissued a “hold” rating and issued a GBX 280 ($3.80) price target on shares of BT Group in a research note on Tuesday, September 19th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 390 ($5.29) price target on shares of BT Group in a research note on Sunday, September 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $317.18.

Shares of BT Group plc (BT) opened at $18.91 on Monday. BT Group plc has a 1-year low of $16.15 and a 1-year high of $24.44. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $37,507.29, a P/E ratio of 18.54 and a beta of 0.98.

BT Group (NYSE:BT) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.42 EPS for the quarter. BT Group had a return on equity of 34.46% and a net margin of 6.52%. analysts predict that BT Group plc will post 1.82 earnings per share for the current year.

The firm also recently declared a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.297 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 3.84%. BT Group’s dividend payout ratio (DPR) is presently 94.12%.

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About BT Group

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

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