24,008 AT&T Inc. $T Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY boosted its position in AT&T Inc. (NYSE:T) by 8.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,394 shares of the technology company’s stock after purchasing an additional 24,008 shares during the period. Miller Howard Investments Inc. NY’s holdings in AT&T were worth $7,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hourglass Capital LLC boosted its position in AT&T by 20.4% during the third quarter. Hourglass Capital LLC now owns 258,490 shares of the technology company’s stock worth $6,307,000 after purchasing an additional 43,750 shares in the last quarter. Motive Wealth Advisors acquired a new stake in AT&T in the third quarter valued at $204,000. Leo Wealth LLC acquired a new stake in AT&T in the third quarter valued at $1,940,000. Apollon Wealth Management LLC increased its position in shares of AT&T by 14.2% in the third quarter. Apollon Wealth Management LLC now owns 290,818 shares of the technology company’s stock valued at $7,096,000 after buying an additional 36,131 shares in the last quarter. Finally, Tower View Wealth Management LLC increased its position in shares of AT&T by 396.7% in the third quarter. Tower View Wealth Management LLC now owns 5,652 shares of the technology company’s stock valued at $138,000 after buying an additional 4,514 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank Of Canada cut their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. lowered their price objective on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Scotiabank lowered their price objective on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Sanford C. Bernstein downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a report on Tuesday, October 13th. Finally, TD Cowen restated a “hold” rating and set a $33.00 target price on shares of AT&T in a research report on Thursday, October 22nd. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $28.55.

AT&T Price Performance

T stock opened at $20.83 on Tuesday. The stock’s 50 day moving average price is $24.76 and its 200 day moving average price is $25.04. The firm has a market cap of $140.30 billion, a P/E ratio of 11.26, a PEG ratio of 1.04 and a beta of 0.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.43.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05. The company had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. AT&T’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. On average, sell-side analysts expect that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. AT&T’s dividend payout ratio (DPR) is presently 60.00%.

AT&T Company Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.