Barclays PLC Increases Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Barclays PLC grew its holdings in shares of Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 339.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,151 shares of the utilities provider's stock after buying an additional 61,910 shares during the period. Barclays PLC owned 0.15% of Shenandoah Telecommunications worth $1,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Shenandoah Telecommunications by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,576,290 shares of the utilities provider's stock valued at $42,070,000 after purchasing an additional 29,413 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Shenandoah Telecommunications by 99.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 101,288 shares of the utilities provider's stock worth $1,654,000 after buying an additional 50,630 shares during the period. Inspire Investing LLC grew its position in shares of Shenandoah Telecommunications by 5.6% in the 2nd quarter. Inspire Investing LLC now owns 21,581 shares of the utilities provider's stock worth $352,000 after buying an additional 1,138 shares during the period. Gabelli Funds LLC lifted its position in Shenandoah Telecommunications by 11.5% during the 2nd quarter. Gabelli Funds LLC now owns 140,500 shares of the utilities provider's stock valued at $2,294,000 after acquiring an additional 14,500 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in Shenandoah Telecommunications by 5.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 110,379 shares of the utilities provider's stock valued at $1,802,000 after acquiring an additional 6,072 shares during the period. Institutional investors own 61.96% of the company's stock.

Shenandoah Telecommunications Stock Down 0.9 %

Shenandoah Telecommunications stock traded down $0.11 during mid-day trading on Tuesday, hitting $11.63. The company had a trading volume of 205,843 shares, compared to its average volume of 195,118. Shenandoah Telecommunications has a 12 month low of $11.39 and a 12 month high of $22.27. The company has a market capitalization of $635.02 million, a PE ratio of 2.99 and a beta of 0.63. The stock's 50 day moving average price is $13.03 and its two-hundred day moving average price is $14.81. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36.

Shenandoah Telecommunications Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This is a boost from Shenandoah Telecommunications's previous annual dividend of $0.09. This represents a yield of 0.66%. Shenandoah Telecommunications's payout ratio is 2.57%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Wednesday, November 13th.

About Shenandoah Telecommunications

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.