Stevens Capital Management LP Makes New $2.77 Million Investment in AT&T Inc. $T

Stevens Capital Management LP acquired a new stake in AT&T Inc. (NYSE:T) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 98,157 shares of the technology company’s stock, valued at approximately $2,772,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hillsdale Investment Management Inc. grew its stake in AT&T by 5,166.7% in the third quarter. Hillsdale Investment Management Inc. now owns 31,600 shares of the technology company’s stock valued at $892,000 after purchasing an additional 31,000 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of AT&T by 17.6% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 390,744 shares of the technology company’s stock valued at $11,035,000 after buying an additional 58,502 shares during the last quarter. Lion Street Advisors LLC boosted its holdings in shares of AT&T by 172.3% in the 3rd quarter. Lion Street Advisors LLC now owns 31,543 shares of the technology company’s stock valued at $891,000 after buying an additional 19,961 shares during the last quarter. Excalibur Management Corp grew its stake in shares of AT&T by 1.0% in the third quarter. Excalibur Management Corp now owns 150,080 shares of the technology company’s stock valued at $4,238,000 after buying an additional 1,438 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in AT&T by 6.8% during the third quarter. D Orazio & Associates Inc. now owns 24,269 shares of the technology company’s stock worth $685,000 after buying an additional 1,546 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4%

Shares of T stock opened at $28.00 on Friday. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a market capitalization of $195.99 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 1.03 and a beta of 0.39. The firm has a 50 day moving average price of $25.25 and a two-hundred day moving average price of $26.37. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

Analysts Set New Price Targets

A number of brokerages have commented on T. Morgan Stanley cut their price target 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. Scotiabank reaffirmed a “sector perform” rating and issued a $29.50 target price on shares of AT&T in a report on Wednesday, January 7th. UBS Group reiterated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Williams Trading set a $32.00 price target on AT&T in a research report on Thursday, January 29th. Finally, Arete Research set a $20.00 price objective on AT&T in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.93.

About AT&T

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.