AT&T Inc. $T Stock Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its position in shares of AT&T Inc. (NYSE:T) by 8.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 310,394 shares of the technology company’s stock after buying an additional 24,008 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in AT&T were worth $7,574,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of T. Orion Capital Management LLC purchased a new stake in AT&T in the 2nd quarter worth approximately $26,000. Addison Advisors LLC acquired a new position in AT&T in the 2nd quarter valued at $27,000. Fairway Wealth LLC purchased a new position in shares of AT&T during the 1st quarter worth $29,000. Robinswood Financial LLC purchased a new position in shares of AT&T during the 1st quarter worth $29,000. Finally, Matrix Trust Co lifted its stake in shares of AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,148 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $20.83 on Tuesday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. The company has a 50 day moving average price of $24.76 and a 200 day moving average price of $25.04. The firm has a market capitalization of $140.30 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The company had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. AT&T’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio is presently 60.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on T shares. JPMorgan Chase & Co. decreased their price objective on AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Wells Fargo & Company upped their target price on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $30.00 in a research report on Monday, September 21st. Argus reiterated a “buy” rating and set a $30.00 target price on shares of AT&T in a research report on Thursday, October 22nd. Finally, Sanford C. Bernstein lowered AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research note on Tuesday, October 13th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $28.55.

AT&T Company Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.