Norges Bank Invests $2.18 Billion in AT&T Inc. $T

Norges Bank bought a new position in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 87,841,255 shares of the technology company’s stock, valued at approximately $2,181,977,000.

Other hedge funds have also recently made changes to their positions in the company. Madison Wealth Partners Inc lifted its position in AT&T by 5.1% during the fourth quarter. Madison Wealth Partners Inc now owns 16,275 shares of the technology company’s stock valued at $404,000 after purchasing an additional 789 shares during the period. Hilltop Partners LLC lifted its position in AT&T by 78.8% during the fourth quarter. Hilltop Partners LLC now owns 15,876 shares of the technology company’s stock valued at $394,000 after purchasing an additional 6,999 shares during the period. Eurizon SLJ Capital Ltd bought a new position in AT&T during the fourth quarter valued at approximately $484,000. Cornerstone Select Advisors LLC lifted its position in AT&T by 1.1% during the fourth quarter. Cornerstone Select Advisors LLC now owns 130,539 shares of the technology company’s stock valued at $3,243,000 after purchasing an additional 1,427 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in AT&T during the fourth quarter valued at approximately $29,160,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of AT&T from a “hold” rating to a “sell” rating in a research report on Saturday. BNP Paribas Exane lowered their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley initiated coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, KeyCorp increased their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Stock Down 0.3%

Shares of T stock opened at $24.80 on Friday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The stock has a market cap of $172.33 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.91 and a beta of 0.23. 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 company has a 50 day simple moving average of $26.39 and a two-hundred day simple moving average of $26.01.

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

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

About AT&T

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.