Harbour Investments Inc. Raises Position in AT&T Inc. $T

Harbour Investments Inc. increased its holdings in AT&T Inc. (NYSE:T) by 112.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 311,203 shares of the technology company’s stock after acquiring an additional 165,024 shares during the quarter. Harbour Investments Inc.’s holdings in AT&T were worth $7,730,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GGM Financials LLC acquired a new position in shares of AT&T in the third quarter worth about $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the fourth quarter worth about $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the fourth quarter worth about $26,000. OFI Invest Asset Management lifted its stake in shares of AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after acquiring an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of AT&T in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BNP Paribas Exane cut their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Williams Trading set a $32.00 price target on AT&T in a research note on Thursday, January 29th. Wells Fargo & Company cut their price objective on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. UBS Group restated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Finally, Morgan Stanley began coverage on AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Trading Up 0.1%

Shares of NYSE T opened at $25.29 on Tuesday. The stock’s 50 day moving average price is $26.61 and its two-hundred day moving average price is $26.01. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The stock has a market capitalization of $175.74 billion, a P/E ratio of 8.49, a PEG ratio of 0.92 and a beta of 0.23. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter 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. On average, analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

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.