Empower Advisory Group LLC Buys 53,587 Shares of AT&T Inc. (NYSE:T)

Empower Advisory Group LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,596,512 shares of the technology company's stock after buying an additional 53,587 shares during the period. Empower Advisory Group LLC owned 0.06% of AT&T worth $104,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in T. AMF Tjanstepension AB increased its holdings in shares of AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company's stock valued at $33,918,000 after purchasing an additional 1,161,152 shares during the last quarter. Creative Planning boosted its position in shares of AT&T by 2.8% in the third quarter. Creative Planning now owns 1,564,777 shares of the technology company's stock valued at $34,413,000 after acquiring an additional 43,218 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in shares of AT&T by 12.5% in the third quarter. Moss Adams Wealth Advisors LLC now owns 15,127 shares of the technology company's stock valued at $333,000 after acquiring an additional 1,678 shares during the period. Blue Trust Inc. boosted its position in shares of AT&T by 113.4% in the third quarter. Blue Trust Inc. now owns 83,736 shares of the technology company's stock valued at $1,842,000 after acquiring an additional 44,489 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of AT&T by 0.9% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 110,601 shares of the technology company's stock valued at $2,433,000 after acquiring an additional 949 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on T. Scotiabank boosted their target price on shares of AT&T from $24.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 28th. UBS Group boosted their target price on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

AT&T Trading Down 0.2 %

Shares of AT&T stock traded down $0.06 on Thursday, hitting $26.18. The stock had a trading volume of 32,739,723 shares, compared to its average volume of 37,834,594. The stock has a 50 day moving average of $23.38 and a 200 day moving average of $22.20. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $187.95 billion, a P/E ratio of 17.57, a PEG ratio of 2.99 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's dividend payout ratio (DPR) is 74.50%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.