Nisa Investment Advisors LLC Has $53.10 Million Stake in AT&T Inc. $T

Nisa Investment Advisors LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 38.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,834,694 shares of the technology company’s stock after selling 1,169,814 shares during the period. Nisa Investment Advisors LLC’s holdings in AT&T were worth $53,096,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of AT&T during the 2nd quarter worth about $5,266,758,000. Nuveen LLC bought a new stake in AT&T in the 1st quarter valued at about $1,072,128,000. GQG Partners LLC raised its stake in AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after buying an additional 17,177,874 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in AT&T by 30,527.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock worth $338,213,000 after acquiring an additional 11,920,392 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in AT&T by 350.4% in the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock worth $321,372,000 after acquiring an additional 8,841,126 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 2.2%

NYSE:T opened at $25.17 on Friday. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The firm has a 50-day moving average price of $27.97 and a two-hundred day moving average price of $27.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.01. The firm has a market cap of $179.95 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 2.04 and a beta of 0.42.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.AT&T’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Analyst Ratings Changes

Several equities research analysts have recently commented on T shares. Citigroup restated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. UBS Group reissued a “buy” rating on shares of AT&T in a research report on Thursday. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Thursday, July 24th. TD Cowen lifted their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.