Exchange Traded Concepts LLC Has $37.45 Million Position in AT&T Inc. $T

Exchange Traded Concepts LLC lessened its position in AT&T Inc. (NYSE:TFree Report) by 23.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,507,610 shares of the technology company’s stock after selling 455,537 shares during the quarter. Exchange Traded Concepts LLC’s holdings in AT&T were worth $37,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. State Street Corp boosted its position in AT&T by 0.8% during the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock worth $9,143,407,000 after acquiring an additional 2,704,536 shares during the last quarter. Norges Bank bought a new stake in shares of AT&T in the second quarter worth $2,228,655,000. Capital Research Global Investors lifted its position in shares of AT&T by 0.6% in the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after purchasing an additional 370,455 shares in the last quarter. Invesco Ltd. boosted its holdings in AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after purchasing an additional 4,584,316 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in AT&T by 8.7% in the second quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock valued at $1,598,697,000 after purchasing an additional 4,404,688 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on T shares. Barclays lowered their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. The Goldman Sachs Group decreased their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Wells Fargo & Company lowered their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.72.

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Key Headlines Impacting AT&T

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AT&T Stock Performance

Shares of T opened at $29.16 on Friday. The firm has a 50-day moving average of $27.21 and a 200-day moving average of $26.27. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The company has a market cap of $203.66 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86.

AT&T (NYSE:TGet Free Report) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $32.91 billion. During the same period in the prior year, the firm earned $0.43 EPS. AT&T’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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