Infrastructure Capital Advisors LLC Buys New Stake in AT&T Inc. $T

Infrastructure Capital Advisors LLC purchased a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 21,596 shares of the technology company’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Market Inc. acquired a new stake in AT&T during the second quarter valued at approximately $35,534,000. Satovsky Asset Management LLC acquired a new position in shares of AT&T in the 2nd quarter worth approximately $253,000. OMERS ADMINISTRATION Corp acquired a new position in shares of AT&T in the 2nd quarter worth approximately $10,115,000. Leigh Baldwin & CO. LLC bought a new position in shares of AT&T during the 2nd quarter worth approximately $322,000. Finally, Osmosis Investment Management UK Ltd bought a new position in shares of AT&T during the 2nd quarter worth approximately $537,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $25.77 on Wednesday. The business’s fifty day moving average is $22.93 and its two-hundred day moving average is $25.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market cap of $176.55 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

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

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid 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%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on T. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Barclays reduced their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada lowered their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus 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.