Shenandoah Telecommunications Co (NASDAQ:SHEN) is expected to pay $0.25 on Dec 1, 2016. The indicated annual dividend is $0.25. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Shenandoah Telecommunications Co’s current price of $26.40, the dividend is 0.95%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 18, 2016. The stock increased 0.76% or $0.2 on October 31, hitting $26.4. Shenandoah Telecommunications Company (NASDAQ:SHEN) has declined 2.44% since March 30, 2016 and is downtrending. It has underperformed by 5.45% the S&P500.
Shenandoah Telecommunications Company is a telecommunications holding company. The company has a market cap of $1.30 billion. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user clients and other telecommunications providers. It has a 75.23 P/E ratio. The Company’s divisions include Wireless, which provides digital wireless service to a portion of over four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia; Cable segment, which provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland, and leases fiber optic facilities throughout its service area; Wireline segment, which provides regulated and unregulated voice services, digital subscriber lines Internet access and long distance access services throughout Shenandoah county, and Other segment, which includes activities of the Company.
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 5.05, from 6.05 in 2016Q1. The ratio fall, as 11 funds sold all Shenandoah Telecommunications Company shares owned while 47 reduced positions. 18 funds bought stakes while 40 increased positions. They now own 20.37 million shares or 49.14% less from 40.06 million shares in 2016Q1.
Campbell & Co Inv Adviser Ltd Co accumulated 6,481 shares or 1.28% of the stock. Royal Bank & Trust Of Canada has 25,416 shares for 0% of their US portfolio. The Ontario – Canada-based Mackenzie has invested 0.01% in Shenandoah Telecommunications Company (NASDAQ:SHEN). New York State Common Retirement Fund has invested 0% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN). Blackrock Grp Ltd has invested 0% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN). Shell Asset Mngmt has 44,946 shares for 0.04% of their US portfolio. Employees Retirement Association Of Colorado, a Colorado-based fund reported 12,678 shares. Teton Advsr Incorporated has 490,000 shares for 1.73% of their US portfolio. Susquehanna Group Llp accumulated 0% or 35,518 shares. Goldman Sachs Grp Inc, a New York-based fund reported 70,335 shares. Moreover, Lpl Fincl Ltd Llc has 0.01% invested in Shenandoah Telecommunications Company (NASDAQ:SHEN) for 19,789 shares. The California-based Globeflex Cap Ltd Partnership has invested 0.66% in Shenandoah Telecommunications Company (NASDAQ:SHEN). Fmr Ltd Llc has 480,900 shares for 0% of their US portfolio. Gotham Asset Mgmt Lc accumulated 0.09% or 187,937 shares. Commonwealth Equity Inc has 0% invested in the company for 6,650 shares.
Insider Transactions: Since May 10, 2016, the stock had 1 buying transaction, and 1 sale for $57,309 net activity. Another trade for 2,000 shares valued at $60,636 was made by OSTROSKI RAYMOND B on Tuesday, May 10. 106 shares were bought by SCHULTZ LEIGH ANN, worth $3,327.
Shenandoah Telecommunications Company (NASDAQ:SHEN) Ratings Coverage
Out of 4 analysts covering Shenandoah Telecommunications Co (NASDAQ:SHEN), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Shenandoah Telecommunications Co has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Tuesday, August 11 by FBR Capital. The firm earned “Market Perform” rating on Thursday, June 9 by Raymond James. The stock has “Buy” rating given by BWS Financial on Thursday, February 4. The company was maintained on Wednesday, August 12 by Macquarie Research. Raymond James upgraded the stock to “Market Perform” rating in Thursday, August 27 report. The firm has “Neutral” rating given on Tuesday, April 5 by Macquarie Research. FBR Capital maintained Shenandoah Telecommunications Company (NASDAQ:SHEN) rating on Monday, May 2. FBR Capital has “Outperform” rating and $31 price target. The stock of Shenandoah Telecommunications Company (NASDAQ:SHEN) has “Outperform” rating given on Tuesday, August 16 by Raymond James.
More notable recent Shenandoah Telecommunications Company (NASDAQ:SHEN) news were published by: Globenewswire.com which released: “CORRECTING and REPLACING — Shenandoah Telecommunications Company to Hold its …” on October 31, 2016, also Marketwatch.com with their article: “Shenandoah Telecommunications downgraded to market perform from outperform at …” published on April 21, 2011, Globenewswire.com published: “Shenandoah Telecommunications Company Announces Increased Dividend” on October 18, 2016. More interesting news about Shenandoah Telecommunications Company (NASDAQ:SHEN) were released by: Globenewswire.com and their article: “Shenandoah Telecommunications Company to Hold its Second Quarter 2016 Earnings …” published on July 29, 2016 as well as Globenewswire.com‘s news article titled: “Shenandoah Telecommunications Company Reports Second Quarter 2016 Revenue of …” with publication date: August 05, 2016.
SHEN Company Profile
Shenandoah Telecommunications Company, incorporated on May 3, 1989, is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user clients and other telecommunications providers in Virginia, West Virginia, central Pennsylvania and western Maryland. The Firm operates through four divisions: Wireless, Cable, Wireline and Other. The Firm offers a suite of voice, video and data communications services based on the services and products provided by its subsidiaries. The Company’s subsidiaries include Shenandoah Telephone Company, NTELOS Holdings Corp. (nTelos) and Shenandoah Cable Television, LLC (Shenandoah Cable).
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