Huber Capital Management LLC Acquires 15,000 Shares of AT&T Inc. (NYSE:T)

Huber Capital Management LLC raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 577,985 shares of the technology company's stock after purchasing an additional 15,000 shares during the quarter. AT&T accounts for approximately 2.6% of Huber Capital Management LLC's investment portfolio, making the stock its 11th biggest position. Huber Capital Management LLC's holdings in AT&T were worth $13,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of T. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new position in AT&T during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its position in AT&T by 48.6% in the fourth 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. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the fourth quarter worth $34,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Up 1.6 %

Shares of AT&T stock traded up $0.45 during trading on Thursday, reaching $28.59. 48,884,863 shares of the company traded hands, compared to its average volume of 36,341,050. 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 firm has a market capitalization of $205.20 billion, a PE ratio of 19.19, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a 50 day moving average price of $26.18 and a 200-day moving average price of $23.70. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.01.

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AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (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, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on T shares. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Barclays boosted their price target on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Scotiabank lifted their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Finally, Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. 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. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus target price of $27.21.

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.