First Trust Advisors LP decreased its holdings in BT Group plc (NYSE:BT) by 11.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 73,870 shares of the utilities provider’s stock after selling 9,533 shares during the quarter. First Trust Advisors LP’s holdings in BT Group were worth $1,068,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in BT Group by 5.9% in the first quarter. Northern Trust Corp now owns 1,427,969 shares of the utilities provider’s stock valued at $23,077,000 after purchasing an additional 79,666 shares during the last quarter. Morningstar Investment Services LLC acquired a new stake in BT Group in the first quarter valued at $20,787,000. Federated Investors Inc. PA grew its holdings in BT Group by 67.0% in the first quarter. Federated Investors Inc. PA now owns 1,216,733 shares of the utilities provider’s stock valued at $19,662,000 after purchasing an additional 488,080 shares during the last quarter. Aperio Group LLC grew its holdings in BT Group by 33.4% in the second quarter. Aperio Group LLC now owns 577,775 shares of the utilities provider’s stock valued at $8,355,000 after purchasing an additional 144,525 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in BT Group by 93.6% in the first quarter. Wells Fargo & Company MN now owns 537,849 shares of the utilities provider’s stock valued at $8,692,000 after purchasing an additional 260,102 shares during the last quarter. Hedge funds and other institutional investors own 0.79% of the company’s stock.

BT opened at $15.15 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 1.16. The firm has a market cap of $29.59 billion, a P/E ratio of 8.06, a P/E/G ratio of 9.06 and a beta of 0.92. BT Group plc has a 52 week low of $13.53 and a 52 week high of $19.79.

BT has been the topic of several research reports. Jefferies Financial Group raised BT Group from a “hold” rating to a “buy” rating in a report on Wednesday, June 20th. Royal Bank of Canada lowered BT Group from an “outperform” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, ValuEngine lowered BT Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $268.00.

BT Group Profile

BT Group Plc provides communication solutions and services. Its principal activities include fixed-lines services, broadband, mobile and TV products and services as well as networked IT services. The company has following customer-facing lines of business: Consumer; Business and Public Sector; Global Services; Wholesale and Ventures; Technology, Service and Operations; and Openreach.

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

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