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Energy capital partners buys SHEN shares for $349,452

Published 02/09/2025, 22:30
Energy capital partners buys SHEN shares for $349,452
SHEN
1.05%

Energy Capital Partners, a ten-percent owner of SHENANDOAH TELECOMMUNICATIONS CO/VA/ (NASDAQ:SHEN), has increased its stake in the $712 million market cap company through purchases totaling $349,452. According to InvestingPro data, the company has maintained dividend payments for 30 consecutive years, despite currently operating with a significant debt burden of $527 million.

On August 28, 2025, Energy Capital Partners acquired 14,358 shares of common stock at prices ranging from $13.20 to $13.35. Then, on August 29, 2025, the firm bought another 12,000 shares at prices between $13.19 and $13.29. The purchases come as the stock trades near its Fair Value, according to InvestingPro analysis, which also indicates the company is quickly burning through cash.

Following these transactions, Energy Capital Partners now holds 3,377,233 shares of Shenandoah Telecommunications. The shares are held by Hill City. Get access to 6 more key InvestingPro Tips and a comprehensive Pro Research Report for SHEN at InvestingPro.

In other recent news, Shenandoah Telecommunications reported its second-quarter 2025 earnings, showing a mixed performance. The company achieved an earnings per share (EPS) of -$0.19, slightly surpassing the forecast of -$0.20. However, revenue was reported at $88.6 million, falling short of the expected $90.52 million. In a separate development, Shenandoah Telecommunications announced that Edward H. McKay will take over as President and Chief Executive Officer, effective September 1, 2025. McKay, who is currently the Executive Vice President and Chief Operating Officer, will succeed Christopher E. French. French will transition to the role of Executive Chairman of the Board, continuing to influence company strategy and collaborate with the leadership team. These recent developments reflect the company’s ongoing strategic adjustments and financial performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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