Skandinaviska Enskilda Banken AB publ Acquires 373,281 Shares of AT&T Inc. $T

Skandinaviska Enskilda Banken AB publ grew its stake in AT&T Inc. (NYSE:T) by 17.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,538,712 shares of the technology company’s stock after acquiring an additional 373,281 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in AT&T were worth $71,693,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Front Row Advisors LLC bought a new stake in AT&T in the second quarter valued at $25,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares during the last quarter. Solstein Capital LLC grew its holdings in shares of AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares during the last quarter. Curio Wealth LLC increased its position in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in AT&T during the 3rd quarter valued at about $31,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

T stock opened at $28.70 on Tuesday. The company has a 50 day moving average price of $24.95 and a 200 day moving average price of $26.34. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The stock has a market capitalization of $200.88 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

Analysts Set New Price Targets

Several brokerages have weighed in on T. Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Arete Research set a $20.00 target price on AT&T in a report on Tuesday, January 6th. Barclays decreased their price target on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Finally, Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

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.