Miller Howard Investments Inc. NY Buys 25,292 Shares of AT&T Inc. $T

Miller Howard Investments Inc. NY increased its position in AT&T Inc. (NYSE:T) by 9.8% in the 1st quarter, HoldingsChannel reports. The fund owned 284,422 shares of the technology company’s stock after buying an additional 25,292 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in AT&T were worth $8,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of AT&T by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares during the period. State Street Corp raised its position in shares of AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after purchasing an additional 8,314,678 shares during the period. Bank of America Corp DE raised its position in shares of AT&T by 3.5% during the 4th quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock valued at $2,974,403,000 after purchasing an additional 4,079,062 shares during the period. Norges Bank purchased a new position in shares of AT&T during the 4th quarter valued at $2,181,977,000. Finally, Capital Research Global Investors lifted its stake in shares of AT&T by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after buying an additional 370,455 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of a number of analyst reports. BNP Paribas Exane cut their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Citigroup boosted their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. KeyCorp increased their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

AT&T Price Performance

Shares of NYSE:T opened at $22.85 on Wednesday. The firm has a market cap of $158.77 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.92 and a beta of 0.21. The firm has a fifty day moving average price of $24.61 and a 200 day moving average price of $25.70. AT&T Inc. has a fifty-two week low of $21.99 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the previous year, the firm posted $0.51 EPS. AT&T’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is 37.25%.

AT&T Profile

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.