AT&T Inc. $T Shares Purchased by Entropy Technologies LP

Entropy Technologies LP increased its stake in shares of AT&T Inc. (NYSE:T) by 203.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 314,773 shares of the technology company’s stock after purchasing an additional 211,135 shares during the quarter. Entropy Technologies LP’s holdings in AT&T were worth $7,819,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of T. Brighton Jones LLC lifted its holdings in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. lifted its holdings in shares of AT&T by 4,352.9% during the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after purchasing an additional 6,094 shares during the period. Main Street Financial Solutions LLC lifted its holdings in shares of AT&T by 4.0% during the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after purchasing an additional 1,022 shares during the period. HUB Investment Partners LLC lifted its holdings in shares of AT&T by 19.6% during the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in AT&T by 1.8% in the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after acquiring an additional 3,677 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on T. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Finally, Morgan Stanley began coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Trading Up 2.3%

NYSE:T opened at $23.54 on Friday. The stock has a fifty day moving average price of $25.32 and a two-hundred day moving average price of $25.86. The stock has a market capitalization of $163.56 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.98 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 1 year low of $22.32 and a 1 year high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

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.