TriaGen Wealth Management LLC Purchases 407 Shares of AT&T Inc. $T

TriaGen Wealth Management LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 5.7% during the second quarter, Holdings Channel.com reports. The fund owned 7,560 shares of the technology company’s stock after acquiring an additional 407 shares during the quarter. TriaGen Wealth Management LLC’s holdings in AT&T were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in AT&T during the 2nd quarter worth approximately $26,000. Kennebec Savings Bank raised its position in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares during the last quarter. Hager Investment Management Services LLC raised its position in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after buying an additional 641 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new stake in shares of AT&T during the first quarter valued at approximately $29,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. Bank of America assumed coverage on shares of AT&T in a research report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of AT&T in a research report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

AT&T Trading Down 4.4%

Shares of T opened at $25.88 on Tuesday. The company’s fifty day moving average is $28.56 and its 200 day moving average is $27.92. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The stock has a market capitalization of $185.05 billion, a PE ratio of 14.70, a P/E/G ratio of 3.46 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. AT&T’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is currently 63.07%.

About AT&T

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.