AT&T Inc. $T Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its holdings in shares of AT&T Inc. (NYSE:T) by 26.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,275 shares of the technology company’s stock after selling 28,206 shares during the period. Edgestream Partners L.P.’s holdings in AT&T were worth $2,236,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of T. Stone House Investment Management LLC purchased a new stake in AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T during the second quarter worth approximately $26,000. Solstein Capital LLC increased its stake in shares of AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares during the last quarter. Kennebec Savings Bank raised its holdings in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after acquiring an additional 783 shares in the last quarter. Finally, Curio Wealth LLC boosted its stake in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,044 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.3%

Shares of NYSE:T opened at $25.39 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $25.77 and its 200 day moving average price is $27.38. The company has a market cap of $179.97 billion, a PE ratio of 8.24, a P/E/G ratio of 1.48 and a beta of 0.38. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. AT&T’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio is currently 36.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on T. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. The Goldman Sachs Group initiated coverage on AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. KeyCorp raised AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Tuesday, November 11th. Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, UBS Group reissued a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.64.

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.