Gateway Wealth Partners LLC Has $402,000 Stock Holdings in AT&T Inc. (NYSE:T)

Gateway Wealth Partners LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 18.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,653 shares of the technology company’s stock after acquiring an additional 2,784 shares during the period. Gateway Wealth Partners LLC’s holdings in AT&T were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of AT&T by 2.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 700,577 shares of the technology company’s stock worth $13,388,000 after purchasing an additional 18,869 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in shares of AT&T by 5.1% during the second quarter. EP Wealth Advisors LLC now owns 115,159 shares of the technology company’s stock worth $2,201,000 after buying an additional 5,549 shares in the last quarter. Advisory Alpha LLC raised its stake in shares of AT&T by 8.2% in the second quarter. Advisory Alpha LLC now owns 79,898 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 6,085 shares during the last quarter. SPC Financial Inc. boosted its holdings in shares of AT&T by 5.3% in the 2nd quarter. SPC Financial Inc. now owns 22,546 shares of the technology company’s stock worth $431,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in AT&T during the 2nd quarter worth approximately $232,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Sanford C. Bernstein lifted their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Scotiabank upped their price objective on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Finally, Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.11.

AT&T Stock Performance

Shares of AT&T stock opened at $24.23 on Thursday. The stock’s fifty day simple moving average is $22.86 and its 200 day simple moving average is $21.55. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $173.89 billion, a PE ratio of 19.70, a PEG ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. On average, research analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

AT&T 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.