Tectonic Advisors LLC Grows Stock Holdings in AT&T Inc. (NYSE:T)

Tectonic Advisors LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 420,688 shares of the technology company's stock after acquiring an additional 24,814 shares during the period. Tectonic Advisors LLC's holdings in AT&T were worth $9,579,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in AT&T by 2.3% during the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock valued at $3,532,684,000 after purchasing an additional 3,630,972 shares in the last quarter. Franklin Resources Inc. increased its holdings in AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. National Pension Service raised its stake in AT&T by 15.8% during the 3rd quarter. National Pension Service now owns 15,769,707 shares of the technology company's stock worth $346,934,000 after acquiring an additional 2,152,016 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in AT&T by 112.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,916,698 shares of the technology company's stock valued at $64,167,000 after purchasing an additional 1,546,679 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of AT&T by 7.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company's stock worth $378,807,000 after purchasing an additional 1,206,330 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

T opened at $24.26 on Wednesday. The firm has a market capitalization of $174.05 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. 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 business's 50-day moving average is $22.97 and its two-hundred day moving average is $21.73. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.98.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. Research analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.58%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio is presently 74.50%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on T shares. Evercore ISI lifted their target price on AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. New Street Research upgraded shares of AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average price target of $26.21.

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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