BT Group PLC (NYSE:BT) Stock Rating Reaffirmed by Barclays PLC

Barclays PLC reaffirmed their overweight rating on shares of BT Group PLC (NYSE:BT) in a research note issued to investors on Wednesday morning, StockTargetPrices.com reports. They currently have a GBX 450 ($5.86) target price on the utilities provider’s stock.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of BT Group PLC from a sell rating to a buy rating and set a $23.00 price objective for the company in a report on Monday, May 8th. HSBC Holdings plc decreased their price objective on shares of BT Group PLC from GBX 420 ($5.47) to GBX 370 ($4.82) and set a buy rating for the company in a report on Friday, April 21st. Beaufort Securities decreased their price objective on shares of BT Group PLC from GBX 390 ($5.08) to GBX 340 ($4.43) and set a buy rating for the company in a report on Friday, May 12th. Citigroup Inc. reissued a buy rating on shares of BT Group PLC in a report on Monday, May 15th. Finally, ValuEngine raised shares of BT Group PLC from a hold rating to a buy rating in a report on Thursday, July 6th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $339.33.

Shares of BT Group PLC (NYSE:BT) traded down 0.61% during trading on Wednesday, hitting $19.41. 697,733 shares of the company were exchanged. The company’s 50-day moving average price is $19.82 and its 200 day moving average price is $19.88. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $26.76. The stock has a market cap of $38.58 billion, a P/E ratio of 18.31 and a beta of 1.05.

BT Group PLC (NYSE:BT) last released its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. BT Group PLC had a net margin of 7.14% and a return on equity of 40.09%. The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. On average, equities analysts predict that BT Group PLC will post $1.84 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in BT Group PLC by 1,155.3% in the first quarter. Advisors Asset Management Inc. now owns 26,475 shares of the utilities provider’s stock worth $532,000 after buying an additional 24,366 shares during the last quarter. First Trust Advisors LP raised its position in BT Group PLC by 20.6% in the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock worth $2,464,000 after buying an additional 20,992 shares during the last quarter. Wright Investors Service Inc. purchased a new position in BT Group PLC during the first quarter worth about $267,000. Miller Howard Investments Inc. NY raised its position in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock worth $11,122,000 after buying an additional 23,374 shares during the last quarter. Finally, Dubuque Bank & Trust Co. purchased a new position in BT Group PLC during the first quarter worth about $1,557,000. 1.03% of the stock is owned by hedge funds and other institutional investors.

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