New Age Alpha Advisors LLC Invests $229,000 in AT&T Inc. (NYSE:T)

New Age Alpha Advisors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,041 shares of the technology company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently modified their holdings of T. Paloma Partners Management Co increased its stake in AT&T by 141.8% during the third quarter. Paloma Partners Management Co now owns 31,038 shares of the technology company’s stock valued at $683,000 after purchasing an additional 105,338 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of AT&T by 1,855.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 92,810 shares of the technology company’s stock valued at $2,042,000 after buying an additional 88,064 shares during the last quarter. HighTower Advisors LLC raised its stake in AT&T by 9.2% during the third quarter. HighTower Advisors LLC now owns 2,477,287 shares of the technology company’s stock worth $54,509,000 after acquiring an additional 208,775 shares during the period. Janus Henderson Group PLC lifted its holdings in AT&T by 24.5% in the third quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company’s stock worth $15,413,000 after acquiring an additional 138,100 shares during the last quarter. Finally, Pingora Partners LLC boosted its stake in AT&T by 1.4% in the third quarter. Pingora Partners LLC now owns 141,443 shares of the technology company’s stock valued at $3,112,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the topic of several recent research reports. Tigress Financial raised their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Sanford C. Bernstein boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Scotiabank boosted their target price on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $27.21.

AT&T Stock Performance

Shares of T opened at $28.13 on Thursday. 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 firm’s 50 day moving average is $26.06 and its 200-day moving average is $23.67. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.61. The stock has a market capitalization of $201.92 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio is 74.50%.

AT&T 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.