Natixis Has $20.49 Million Stock Holdings in AT&T Inc. (NYSE:T)

Natixis trimmed its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 899,946 shares of the technology company's stock after selling 288,963 shares during the quarter. Natixis' holdings in AT&T were worth $20,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new position in AT&T in the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new stake in shares of AT&T in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the fourth quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of AT&T during the fourth quarter valued at $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on T shares. StockNews.com cut shares of AT&T from a "buy" rating to a "hold" rating in a research report on Thursday. Scotiabank increased their price target on shares of AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a research report on Tuesday, April 8th. DZ Bank 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 note on Wednesday, January 29th. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average target price of $27.24.

AT&T Stock Up 0.4 %

Shares of T stock opened at $27.12 on Friday. The firm's fifty day moving average price is $26.84 and its two-hundred day moving average price is $24.15. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1 year low of $16.17 and a 1 year high of $29.03. The firm has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. AT&T's dividend payout ratio is presently 74.50%.

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.

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