Envestnet Asset Management Inc. Sells 50,359 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Envestnet Asset Management Inc. decreased its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT – Get Rating) by 53.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,844 shares of the utilities provider’s stock after selling 50,359 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Chunghwa Telecom were worth $1,604,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CHT. Guardian Wealth Advisors LLC bought a new stake in shares of Chunghwa Telecom during the third quarter worth approximately $25,000. Royal Bank of Canada increased its position in Chunghwa Telecom by 154.6% during the first quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 467 shares during the period. BNP Paribas Arbitrage SA increased its position in Chunghwa Telecom by 848.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,877 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 1,679 shares during the period. Atlas Capital Advisors LLC increased its position in Chunghwa Telecom by 155.3% during the second quarter. Atlas Capital Advisors LLC now owns 2,369 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 1,441 shares during the period. Finally, BNP Paribas Arbitrage SNC grew its stake in Chunghwa Telecom by 50.6% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,475 shares of the utilities provider’s stock worth $88,000 after buying an additional 832 shares in the last quarter. 2.19% of the stock is owned by institutional investors.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $41.24 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.59 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $31.99 billion, a PE ratio of 26.10 and a beta of 0.13. The firm has a fifty day simple moving average of $40.22 and a two-hundred day simple moving average of $37.95. Chunghwa Telecom Co., Ltd. has a 12 month low of $32.90 and a 12 month high of $44.16.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Friday, May 12th.

About Chunghwa Telecom

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Chunghwa Telecom Co, Ltd. engages in the provision of integrated telecommunication services. It offers domestic & international fixed communication, mobile communication, broadband, Internet services. The Company also provides information and communication technology services; and innovative technology services such as Internet of things and artificial intelligence.