Ergawealth Advisors Inc. Raises Position in AT&T Inc. (NYSE:T)

Ergawealth Advisors Inc. raised its stake in AT&T Inc. (NYSE:T) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,116 shares of the technology company’s stock after purchasing an additional 747 shares during the quarter. Ergawealth Advisors Inc.’s holdings in AT&T were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sora Investors LLC bought a new position in AT&T during the third quarter valued at $11,265,000. Robeco Institutional Asset Management B.V. grew its holdings in AT&T by 2.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock valued at $259,219,000 after purchasing an additional 383,015 shares during the period. Checchi Capital Advisers LLC grew its holdings in AT&T by 3.1% during the third quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock valued at $585,000 after purchasing an additional 1,178 shares during the period. Retireful LLC bought a new position in AT&T during the fourth quarter valued at $1,163,000. Finally, Terril Brothers Inc. grew its holdings in AT&T by 51.6% during the third quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after purchasing an additional 202,637 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the subject of several research reports. Tigress Financial increased their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $21.00 in a report on Thursday, February 1st. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.68.

AT&T Trading Down 1.0 %

T traded down $0.17 during midday trading on Tuesday, reaching $16.07. 32,927,619 shares of the company’s stock traded hands, compared to its average volume of 38,403,168. The firm has a fifty day moving average of $17.07 and a two-hundred day moving average of $16.48. The stock has a market capitalization of $114.95 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $19.92.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.