SG Americas Securities LLC Has $264.55 Million Position in AT&T Inc. $T

SG Americas Securities LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 33.3% during the 1st quarter, HoldingsChannel reports. The firm owned 9,125,571 shares of the technology company’s stock after acquiring an additional 2,278,703 shares during the period. SG Americas Securities LLC’s holdings in AT&T were worth $264,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Annex Advisory Services LLC lifted its holdings in shares of AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares during the period. World Investment Advisors grew its stake in shares of AT&T by 85.0% in the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the last quarter. ING Groep NV increased its holdings in AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares during the period. Cerity Partners LLC increased its holdings in AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares during the period. Finally, WealthPlan Investment Management LLC raised its position in AT&T by 415.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 51,055 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on T. 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 report on Tuesday, March 10th. KeyCorp raised their price objective on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday. BNP Paribas Exane reduced their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup increased their target price 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T Fiber received strong validation in a new Opensignal report, earning 107 wins across speed, reliability, video, and consistency categories and outperforming competitors in many metro markets. This supports the company’s broadband growth story and may help sentiment around the fiber business. Article
• Neutral Sentiment: AT&T is getting increased investor attention, according to Zacks, but the note does not point to a specific new catalyst; it mainly reflects elevated interest in the name. Article
• Negative Sentiment: California asked a court and the FCC to block AT&T’s request to stop offering traditional copper-wire phone service to new customers, highlighting regulatory resistance to AT&T’s network transition plans. That could delay the company’s cost-cutting and modernization efforts. Article
• Negative Sentiment: Related reports say AT&T wants to cancel wireline phone service for about 199,000 people, but California’s pushback suggests this plan could face hurdles, adding uncertainty around the copper-network exit. Article

AT&T Price Performance

T stock opened at $22.02 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm has a market cap of $152.97 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.92 and a beta of 0.21. The company’s fifty day simple moving average is $24.77 and its 200 day simple moving average is $25.75. AT&T Inc. has a 12-month low of $21.99 and a 12-month high of $29.79.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. AT&T’s dividend payout ratio is presently 37.25%.

AT&T 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.