AT&T Inc. $T Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in shares of AT&T Inc. (NYSE:T) by 140.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,888,630 shares of the technology company’s stock after purchasing an additional 1,689,073 shares during the quarter. Public Sector Pension Investment Board’s holdings in AT&T were worth $81,575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Front Row Advisors LLC acquired a new stake in AT&T in the 2nd quarter valued at $25,000. Mountain Hill Investment Partners Corp. raised its position in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the period. Solstein Capital LLC lifted its holdings in AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares in the last quarter. Curio Wealth LLC grew its position in shares of AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in shares of AT&T in the third quarter valued at about $31,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein decreased their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Williams Trading set a $32.00 target price on AT&T in a report on Thursday, January 29th. Loop Capital set a $29.00 target price on AT&T in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Finally, KeyCorp reissued an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.93.

AT&T Trading Up 1.2%

Shares of AT&T stock opened at $28.82 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $24.81 and its 200-day simple moving average is $26.34. The stock has a market cap of $201.72 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.06 and a beta of 0.39. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, January 12th. AT&T’s payout ratio is currently 36.39%.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.