Tectonic Advisors LLC Boosts Stock Position in AT&T Inc. $T

Tectonic Advisors LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 473,095 shares of the technology company’s stock after acquiring an additional 26,697 shares during the quarter. AT&T accounts for about 0.7% of Tectonic Advisors LLC’s portfolio, making the stock its 26th largest position. Tectonic Advisors LLC’s holdings in AT&T were worth $13,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Front Row Advisors LLC acquired a new position in AT&T in the second quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T in the 2nd quarter valued at approximately $26,000. Kennebec Savings Bank increased its stake in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares during the period. Solstein Capital LLC raised its holdings in AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Finally, Curio Wealth LLC boosted its stake in shares of AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.3%

NYSE:T opened at $24.88 on Friday. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The stock has a market cap of $176.39 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 1.45 and a beta of 0.39. The business has a fifty day moving average of $25.01 and a 200-day moving average of $26.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s payout ratio is presently 36.04%.

Analysts Set New Price Targets

T has been the topic of several research reports. Scotiabank set a $30.25 target price on AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. Citigroup dropped their target price on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Morgan Stanley lowered their price objective on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Williams Trading set a $33.00 price target on shares of AT&T in a research report on Thursday, October 23rd. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 target price (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.24.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.