CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Boosts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 75.0% during the fourth quarter, HoldingsChannel reports. The fund owned 14,000 shares of the Wireless communications provider’s stock after buying an additional 6,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in T-Mobile US were worth $3,090,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TMUS. Delta Investment Management LLC increased its position in shares of T-Mobile US by 46.2% during the second quarter. Delta Investment Management LLC now owns 1,900 shares of the Wireless communications provider’s stock worth $335,000 after acquiring an additional 600 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in T-Mobile US in the second quarter valued at approximately $764,000. MBB Public Markets I LLC acquired a new stake in T-Mobile US during the 2nd quarter worth $6,558,000. Mackenzie Financial Corp grew its holdings in shares of T-Mobile US by 22.3% during the second quarter. Mackenzie Financial Corp now owns 391,280 shares of the Wireless communications provider’s stock worth $68,936,000 after buying an additional 71,406 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Andre Almeida purchased 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 144,200 shares of company stock valued at $32,736,303. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 1.2 %

Shares of T-Mobile US stock opened at $218.57 on Friday. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The stock has a market capitalization of $253.65 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.08 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The business’s 50 day simple moving average is $227.27 and its 200-day simple moving average is $211.34.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 9.3 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. T-Mobile US’s payout ratio is 40.14%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TMUS shares. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Barclays boosted their target price on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target on the stock. Finally, KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.