Huber Capital Management LLC Boosts Holdings in AT&T Inc. $T

Huber Capital Management LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 34.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 919,525 shares of the technology company’s stock after acquiring an additional 235,000 shares during the quarter. AT&T makes up 3.4% of Huber Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Huber Capital Management LLC’s holdings in AT&T were worth $22,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GGM Financials LLC purchased a new position in AT&T during the third quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new position in AT&T during the fourth quarter valued at $25,000. Cresta Advisors Ltd. purchased a new position in AT&T during the fourth quarter valued at $26,000. Blueline Advisors LLC purchased a new position in AT&T during the fourth quarter valued at $26,000. Finally, Winnow Wealth LLC lifted its holdings in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on T shares. Scotiabank decreased their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. BNP Paribas Exane decreased their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. 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 Wednesday, May 20th. Wall Street Zen downgraded shares of AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

AT&T stock opened at $23.54 on Friday. AT&T Inc. has a 12-month low of $22.32 and a 12-month high of $29.79. The stock has a market cap of $163.56 billion, a P/E ratio of 7.90, a PEG ratio of 0.98 and a beta of 0.21. The company has a 50-day moving average price of $25.32 and a 200 day moving average price of $25.86. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

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 net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same period last year, the business earned $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. Sell-side analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. 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%.

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.