Financial Engines Advisors L.L.C. Acquires 9,418 Shares of AT&T Inc. (NYSE:T)

Financial Engines Advisors L.L.C. raised its stake in AT&T Inc. (NYSE:T - Free Report) by 58.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,546 shares of the technology company's stock after buying an additional 9,418 shares during the period. Financial Engines Advisors L.L.C.'s holdings in AT&T were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the fourth quarter worth $28,000. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC boosted its position in 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 during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T in the 4th quarter worth $34,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock traded down $0.00 during trading on Friday, hitting $28.20. 35,072,594 shares of the company's stock traded hands, compared to its average volume of 36,189,161. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.51. The business has a 50-day simple moving average of $25.70 and a 200-day simple moving average of $23.53. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market capitalization of $202.40 billion, a P/E ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56.

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AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. As a group, analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T's payout ratio is 74.50%.

Analyst Ratings Changes

Several brokerages have commented on T. Scotiabank upped their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Citigroup raised their target price on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, Sanford C. Bernstein raised their price objective on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.79.

AT&T 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.