Elevated Capital Advisors LLC Has $1.15 Million Stock Position in AT&T Inc. (NYSE:T)

Elevated Capital Advisors LLC grew its stake in AT&T Inc. (NYSE:T) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,470 shares of the technology company’s stock after buying an additional 760 shares during the quarter. Elevated Capital Advisors LLC’s holdings in AT&T were worth $1,149,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Quest Partners LLC raised its holdings in AT&T by 5,378.3% during the second quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock worth $72,000 after acquiring an additional 3,711 shares in the last quarter. 1ST Source Bank raised its position in AT&T by 2.0% during the second quarter. 1ST Source Bank now owns 37,974 shares of the technology company’s stock worth $726,000 after acquiring an additional 741 shares in the last quarter. Parallel Advisors LLC lifted its stake in AT&T by 4.1% in the second quarter. Parallel Advisors LLC now owns 134,075 shares of the technology company’s stock valued at $2,562,000 after acquiring an additional 5,246 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of AT&T by 32.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock valued at $372,000 after acquiring an additional 4,824 shares during the period. Finally, Williams Financial LLC acquired a new position in shares of AT&T during the 2nd quarter worth about $4,837,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.6 %

Shares of T traded down $0.13 during trading hours on Monday, reaching $21.56. 29,807,997 shares of the stock traded hands, compared to its average volume of 32,142,773. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The company has a market cap of $154.70 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. The stock has a fifty day simple moving average of $22.81 and a 200 day simple moving average of $21.24. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the previous year, the business posted $0.64 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.15%. AT&T’s payout ratio is 90.24%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on T shares. Sanford C. Bernstein started coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Tigress Financial raised their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $25.76.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.