Northwest & Ethical Investments L.P. Purchases 283,099 Shares of AT&T Inc. (NYSE:T)

Northwest & Ethical Investments L.P. raised its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 1,278.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 305,249 shares of the technology company's stock after buying an additional 283,099 shares during the period. Northwest & Ethical Investments L.P.'s holdings in AT&T were worth $6,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Symmetry Partners LLC bought a new stake in AT&T during the fourth quarter valued at approximately $441,000. Lingohr Asset Management GmbH purchased a new position in shares of AT&T during the 4th quarter worth $600,000. iA Global Asset Management Inc. grew its position in shares of AT&T by 158.4% during the 4th quarter. iA Global Asset Management Inc. now owns 605,263 shares of the technology company's stock valued at $13,782,000 after acquiring an additional 371,050 shares during the period. Wilkins Investment Counsel Inc. increased its stake in shares of AT&T by 3.6% in the 4th quarter. Wilkins Investment Counsel Inc. now owns 19,330 shares of the technology company's stock worth $440,000 after purchasing an additional 680 shares in the last quarter. Finally, Fiduciary Group LLC raised its holdings in AT&T by 0.9% in the 4th quarter. Fiduciary Group LLC now owns 134,792 shares of the technology company's stock worth $3,069,000 after purchasing an additional 1,203 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on T shares. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target for the company. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. The Goldman Sachs Group increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Finally, UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.79.

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AT&T Price Performance

AT&T stock traded down $0.07 during mid-day trading on Monday, reaching $26.96. 26,861,307 shares of the company's stock traded hands, compared to its average volume of 34,294,859. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $25.13 and a two-hundred day moving average of $23.32. The company has a market cap of $193.49 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 3.00 and a beta of 0.56.

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, 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%. Equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

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.