Miller Howard Investments Inc. NY Acquires 25,292 Shares of AT&T Inc. $T

Miller Howard Investments Inc. NY boosted its holdings in AT&T Inc. (NYSE:T) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 284,422 shares of the technology company’s stock after buying an additional 25,292 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in AT&T were worth $8,245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of AT&T by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after acquiring an additional 3,585,661 shares during the period. State Street Corp lifted its position in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after purchasing an additional 8,314,678 shares during the period. Bank of America Corp DE boosted its holdings in AT&T by 3.5% in the fourth quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after purchasing an additional 4,079,062 shares during the last quarter. Norges Bank purchased a new stake in AT&T in the fourth quarter worth approximately $2,181,977,000. Finally, Capital Research Global Investors grew its position in AT&T by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after purchasing an additional 370,455 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $22.85 on Wednesday. AT&T Inc. has a 12-month low of $21.99 and a 12-month high of $29.79. The firm has a market capitalization of $158.77 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $24.61 and a 200 day moving average of $25.70.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Scotiabank lowered their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

AT&T Company 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.