Northwest & Ethical Investments L.P. Has $6.95 Million Stock Holdings in AT&T Inc. (NYSE:T)

Northwest & Ethical Investments L.P. boosted its position in shares of AT&T Inc. (NYSE:T) by 1,278.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 305,249 shares of the technology company’s stock after purchasing an additional 283,099 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in AT&T were worth $6,950,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in AT&T during the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the period. YANKCOM Partnership bought a new position in AT&T in the fourth quarter valued at approximately $30,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.3 %

AT&T stock opened at $26.77 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company’s 50-day moving average is $25.02 and its 200-day moving average is $23.23. The firm has a market capitalization of $192.14 billion, a PE ratio of 17.96, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. Tigress Financial boosted their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada increased their price objective on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Oppenheimer began coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $26.79.

About AT&T

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.