Securian Asset Management Inc. Cuts Position in AT&T Inc. $T

Securian Asset Management Inc. lessened its stake in AT&T Inc. (NYSE:T) by 44.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 192,776 shares of the technology company’s stock after selling 152,547 shares during the quarter. Securian Asset Management Inc.’s holdings in AT&T were worth $4,789,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in T. Amundi grew its stake in AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after acquiring an additional 17,040,328 shares during the last quarter. Woodline Partners LP grew its stake in AT&T by 931.4% in the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock valued at $226,702,000 after acquiring an additional 7,249,373 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in AT&T in the 4th quarter valued at about $126,050,000. SG Americas Securities LLC grew its stake in AT&T by 222.7% in the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock valued at $170,076,000 after acquiring an additional 4,725,382 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in AT&T by 23.2% in the 3rd quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock valued at $691,111,000 after acquiring an additional 4,613,259 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on T. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, March 10th. Wells Fargo & Company lowered their price objective on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Oppenheimer increased their price objective on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. TD Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

AT&T stock opened at $25.14 on Monday. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The stock has a market capitalization of $174.69 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.93 and a beta of 0.23. The firm’s 50-day moving average is $27.36 and its two-hundred day moving average is $26.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

AT&T 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.