Strs Ohio purchased a new stake in shares of Frontier Communications Corporation (NASDAQ:FTR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 133,333 shares of the utilities provider’s stock, valued at approximately $1,571,000. Strs Ohio owned 0.17% of Frontier Communications Corporation as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fiera Capital Corp acquired a new position in shares of Frontier Communications Corporation during the 2nd quarter valued at $905,000. Tudor Investment Corp ET AL grew its holdings in shares of Frontier Communications Corporation by 259.9% in the 1st quarter. Tudor Investment Corp ET AL now owns 142,872 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 103,170 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Frontier Communications Corporation by 9.9% in the 2nd quarter. Vanguard Group Inc. now owns 116,799,968 shares of the utilities provider’s stock worth $135,488,000 after acquiring an additional 10,474,703 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Frontier Communications Corporation by 43.8% in the 2nd quarter. Northern Trust Corp now owns 17,209,093 shares of the utilities provider’s stock worth $19,963,000 after acquiring an additional 5,238,840 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Frontier Communications Corporation by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 25,636,186 shares of the utilities provider’s stock worth $29,738,000 after acquiring an additional 1,757,905 shares during the last quarter.

FTR has been the topic of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $25.00 target price (down from $30.00) on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Frontier Communications Corporation from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a report on Wednesday, July 5th. Vetr cut Frontier Communications Corporation from a “strong-buy” rating to a “buy” rating and set a $13.35 target price on the stock. in a report on Tuesday. Morgan Stanley decreased their target price on Frontier Communications Corporation to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. Finally, ValuEngine upgraded Frontier Communications Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Frontier Communications Corporation has an average rating of “Hold” and an average target price of $10.00.

Frontier Communications Corporation (NASDAQ:FTR) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.01. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. Frontier Communications Corporation had a negative return on equity of 1.89% and a negative net margin of 9.17%. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.64) EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 19.82%. The ex-dividend date is Thursday, December 14th. Frontier Communications Corporation’s dividend payout ratio (DPR) is currently -17.38%.

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Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

Institutional Ownership by Quarter for Frontier Communications Corporation (NASDAQ:FTR)

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