AT&T Inc. (NYSE:T) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its stake in shares of AT&T Inc. (NYSE:T) by 20.7% during the 4th quarter, Holdings Channel reports. The fund owned 8,158,639 shares of the technology company’s stock after purchasing an additional 1,399,900 shares during the quarter. Adage Capital Partners GP L.L.C.’s holdings in AT&T were worth $185,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of T. 1620 Investment Advisors Inc. raised its position in shares of AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after purchasing an additional 421 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Whittier Trust Co. lifted its position in shares of AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock valued at $1,352,000 after acquiring an additional 433 shares in the last quarter. Wealthstream Advisors Inc. boosted its stake in shares of AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock worth $282,000 after acquiring an additional 444 shares during the last quarter. Finally, Northeast Investment Management increased its position in shares of AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 2.5 %

Shares of NYSE:T opened at $26.99 on Wednesday. AT&T Inc. has a 52 week low of $16.29 and a 52 week high of $29.03. The company’s 50 day moving average is $26.89 and its two-hundred day moving average is $24.22. The company has a market cap of $193.74 billion, a PE ratio of 18.11, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is 74.50%.

Wall Street Analysts Forecast Growth

T has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of AT&T in a research note on Monday, April 7th. Oppenheimer increased their price target on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Scotiabank boosted their price objective on AT&T from $28.50 to $29.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 8th. 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 research report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price objective on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $27.24.

AT&T Company 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.