Edgemoor Investment Advisors Inc. Purchases 29,237 Shares of AT&T Inc. $T

Edgemoor Investment Advisors Inc. increased its position in shares of AT&T Inc. (NYSE:T) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,946 shares of the technology company’s stock after purchasing an additional 29,237 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in AT&T were worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J. L. Bainbridge & Co. Inc. boosted its holdings in AT&T by 1.7% in the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock valued at $615,000 after purchasing an additional 355 shares during the period. Financial & Tax Architects LLC raised its position in shares of AT&T by 4.9% in the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after buying an additional 356 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted its stake in shares of AT&T by 2.0% in the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock valued at $532,000 after buying an additional 357 shares during the period. Investment Partners LTD. boosted its stake in shares of AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock valued at $303,000 after buying an additional 357 shares during the period. Finally, Parcion Private Wealth LLC grew its position in AT&T by 2.5% during the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after buying an additional 364 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on T shares. Morgan Stanley dropped their price objective on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Royal Bank Of Canada decreased their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Wolfe Research downgraded shares of AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Finally, Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

AT&T Stock Performance

NYSE:T opened at $27.09 on Tuesday. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock’s 50-day simple moving average is $24.64 and its 200 day simple moving average is $26.31. The firm has a market capitalization of $192.05 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm 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 business earned $0.43 earnings per share. The business’s revenue for the quarter 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 anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a $0.2775 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

AT&T Company 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.