Versor Investments LP Raises Stock Position in AT&T Inc. $T

Versor Investments LP grew its holdings in shares of AT&T Inc. (NYSE:T) by 271.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,111 shares of the technology company’s stock after purchasing an additional 24,200 shares during the period. Versor Investments LP’s holdings in AT&T were worth $822,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tsfg LLC increased its stake in shares of AT&T by 3.6% during the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after buying an additional 366 shares during the period. Gentry Private Wealth LLC increased its stake in shares of AT&T by 1.7% during the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after buying an additional 393 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of AT&T by 2.8% during the third quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock worth $419,000 after buying an additional 406 shares during the period. Arkfeld Wealth Strategies L.L.C. increased its stake in shares of AT&T by 1.6% during the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock worth $700,000 after buying an additional 415 shares during the period. Finally, Fortis Group Advisors LLC increased its stake in shares of AT&T by 0.6% during the third quarter. Fortis Group Advisors LLC now owns 75,396 shares of the technology company’s stock worth $2,129,000 after buying an additional 422 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. UBS Group restated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Oppenheimer upped their target price on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Finally, Barclays cut their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

AT&T Stock Performance

Shares of AT&T stock opened at $25.25 on Wednesday. The firm has a market capitalization of $175.42 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.92 and a beta of 0.23. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $27.20 and its two-hundred day moving average is $26.02.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

About AT&T

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.