Exchange Traded Concepts LLC Has $37.45 Million Stock Position in AT&T Inc. $T

Exchange Traded Concepts LLC decreased its position in AT&T Inc. (NYSE:TFree Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,507,610 shares of the technology company’s stock after selling 455,537 shares during the period. Exchange Traded Concepts LLC’s holdings in AT&T were worth $37,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in shares of AT&T by 35.5% in the 2nd quarter. Jefferies Financial Group Inc. now owns 18,876 shares of the technology company’s stock worth $546,000 after purchasing an additional 4,946 shares during the last quarter. Elevation Point Wealth Partners LLC grew its stake in shares of AT&T by 42.6% during the second quarter. Elevation Point Wealth Partners LLC now owns 33,204 shares of the technology company’s stock worth $961,000 after purchasing an additional 9,926 shares during the period. Groupama Asset Managment increased its holdings in AT&T by 3.1% in the second quarter. Groupama Asset Managment now owns 278,067 shares of the technology company’s stock valued at $7,808,000 after purchasing an additional 8,465 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in AT&T by 90.7% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 400,531 shares of the technology company’s stock valued at $11,591,000 after purchasing an additional 190,482 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Barclays reduced their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, March 10th. TD Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Finally, Citigroup increased their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $30.72.

Read Our Latest Stock Analysis on AT&T

Key Stories Impacting AT&T

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AT&T Stock Performance

Shares of T stock opened at $29.16 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The company has a market capitalization of $203.66 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. The company’s 50 day moving average price is $27.21 and its two-hundred day moving average price is $26.27. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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