AT&T Inc. $T Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of AT&T Inc. (NYSE:T) by 140.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,888,630 shares of the technology company’s stock after purchasing an additional 1,689,073 shares during the quarter. Public Sector Pension Investment Board’s holdings in AT&T were worth $81,575,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in AT&T during the second quarter worth $2,228,655,000. Vanguard Group Inc. grew its holdings in shares of AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the period. Marshall Wace LLP purchased a new position in shares of AT&T during the 2nd quarter worth $235,422,000. State Street Corp increased its position in shares of AT&T by 2.4% during the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after purchasing an additional 7,404,376 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in AT&T by 59.6% in the 2nd quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock valued at $419,403,000 after buying an additional 5,410,596 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 1.2%

NYSE T opened at $28.82 on Friday. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The firm has a 50 day simple moving average of $24.81 and a 200-day simple moving average of $26.34. The firm has a market cap of $201.72 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.06 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the prior year, the business earned $0.43 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were issued a $0.2775 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. AT&T’s dividend payout ratio (DPR) is 36.39%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on T shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Loop Capital set a $29.00 target price on shares of AT&T in a report on Friday, December 19th. Finally, Sanford C. Bernstein cut their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.93.

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.