CenterBook Partners LP Sells 15,116 Shares of AT&T Inc. (NYSE:T)

CenterBook Partners LP reduced its stake in AT&T Inc. (NYSE:T - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,190 shares of the technology company's stock after selling 15,116 shares during the quarter. CenterBook Partners LP's holdings in AT&T were worth $8,429,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Marshall Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter valued at $28,000. YANKCOM Partnership purchased a new position in shares of AT&T during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in AT&T during the fourth quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of AT&T in the 4th quarter worth approximately $35,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T stock traded up $0.40 during trading on Friday, reaching $26.79. The company had a trading volume of 32,053,085 shares, compared to its average volume of 36,892,644. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a one year low of $15.94 and a one year high of $29.03. The firm's 50 day simple moving average is $26.59 and its two-hundred day simple moving average is $23.99. The company has a market capitalization of $192.29 billion, a PE ratio of 17.98, a PEG ratio of 3.00 and a beta of 0.42.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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 note on Thursday, February 13th. UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Oppenheimer raised their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Finally, Tigress Financial increased their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.24.

About AT&T

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.