OMERS ADMINISTRATION Corp Makes New $10.12 Million Investment in AT&T Inc. $T

OMERS ADMINISTRATION Corp purchased a new stake in AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 488,662 shares of the technology company’s stock, valued at approximately $10,115,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in shares of AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares in the last quarter. Bank of America Corp DE lifted its position in AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after acquiring an additional 5,449,222 shares in the last quarter. Norges Bank bought a new stake in AT&T in the 4th quarter valued at $2,181,977,000. Bank of New York Mellon Corp boosted its stake in AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares during the period. Finally, GQG Partners LLC bought a new position in AT&T during the 2nd quarter worth about $1,223,364,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.3%

AT&T stock opened at $25.77 on Wednesday. The company has a market cap of $176.55 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The company has a fifty day simple moving average of $22.93 and a 200 day simple moving average of $25.25. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. During the same period in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s payout ratio is currently 36.75%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Scotiabank reduced their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Morgan Stanley lifted their target price on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $30.00 target price on AT&T in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $29.19.

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.