Triodos Investment Management BV Sells 31,000 Shares of AT&T Inc. (NYSE:T)

Triodos Investment Management BV trimmed its stake in AT&T Inc. (NYSE:T - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,154,765 shares of the technology company's stock after selling 31,000 shares during the period. AT&T comprises 2.1% of Triodos Investment Management BV's investment portfolio, making the stock its 23rd biggest holding. Triodos Investment Management BV's holdings in AT&T were worth $26,294,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Providence Capital Advisors LLC increased its stake in AT&T by 0.6% during the 4th quarter. Providence Capital Advisors LLC now owns 184,748 shares of the technology company's stock worth $4,207,000 after buying an additional 1,128 shares during the period. Norges Bank purchased a new stake in shares of AT&T during the fourth quarter worth $1,858,418,000. Caisse Des Depots ET Consignations acquired a new stake in shares of AT&T in the fourth quarter valued at $7,563,000. Howe & Rusling Inc. purchased a new position in AT&T in the fourth quarter valued at $243,000. Finally, NEOS Investment Management LLC grew its stake in AT&T by 31.9% during the 4th quarter. NEOS Investment Management LLC now owns 442,279 shares of the technology company's stock worth $10,071,000 after purchasing an additional 106,944 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 0.3 %

NYSE T traded up $0.08 on Monday, reaching $28.26. The stock had a trading volume of 11,822,985 shares, compared to its average volume of 41,473,172. 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 $15.94 and a 1 year high of $28.56. The business has a 50 day moving average price of $25.70 and a 200 day moving average price of $23.54. The company has a market capitalization of $202.88 billion, a price-to-earnings ratio of 18.98, a P/E/G 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 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%. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.93%. AT&T's dividend payout ratio is 74.50%.

Analyst Ratings Changes

T has been the topic of a number of analyst reports. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Citigroup upped their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. Finally, Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.79.

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.