Denali Advisors LLC Increases Stock Position in TEGNA Inc. $TGNA

Denali Advisors LLC raised its holdings in TEGNA Inc. (NYSE:TGNA) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 383,911 shares of the company’s stock after purchasing an additional 3,201 shares during the period. Denali Advisors LLC owned 0.24% of TEGNA worth $6,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of TEGNA in the second quarter valued at about $2,345,000. Allianz Asset Management GmbH raised its position in shares of TEGNA by 88.3% in the second quarter. Allianz Asset Management GmbH now owns 527,566 shares of the company’s stock valued at $8,842,000 after buying an additional 247,414 shares during the last quarter. Capital Management Corp VA raised its position in shares of TEGNA by 19.7% in the second quarter. Capital Management Corp VA now owns 920,820 shares of the company’s stock valued at $15,433,000 after buying an additional 151,645 shares during the last quarter. Meritage Portfolio Management raised its position in shares of TEGNA by 2.7% in the second quarter. Meritage Portfolio Management now owns 25,801 shares of the company’s stock valued at $432,000 after buying an additional 688 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of TEGNA by 6.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,952 shares of the company’s stock valued at $468,000 after buying an additional 1,586 shares during the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $22.00 price objective (up previously from $21.00) on shares of TEGNA in a research report on Sunday, August 10th. Guggenheim reissued a “neutral” rating and issued a $19.00 price objective on shares of TEGNA in a research report on Friday, August 22nd. Zacks Research lowered shares of TEGNA from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TEGNA in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.75.

TEGNA Price Performance

TGNA opened at $20.01 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. TEGNA Inc. has a 52-week low of $14.87 and a 52-week high of $21.35. The company has a 50 day moving average of $20.68 and a two-hundred day moving average of $18.07. The company has a market cap of $3.22 billion, a P/E ratio of 7.20 and a beta of 0.25.

TEGNA (NYSE:TGNA) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $675.05 million during the quarter, compared to the consensus estimate of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. TEGNA’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. TEGNA has set its Q3 2025 guidance at EPS. On average, analysts expect that TEGNA Inc. will post 3.02 earnings per share for the current year.

TEGNA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were paid a $0.125 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. TEGNA’s dividend payout ratio is 17.99%.

TEGNA Company Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.