Eagle Global Advisors LLC Invests $233,000 in AT&T Inc. (NYSE:T)

Eagle Global Advisors LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,235 shares of the technology company's stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in T. Marshall Investment Management LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC boosted its stake in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter worth $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in AT&T in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on T. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company upped their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

Shares of T stock opened at $28.12 on Thursday. AT&T Inc. has a 52 week low of $17.00 and a 52 week high of $29.03. The firm's 50-day simple moving average is $27.12 and its two-hundred day simple moving average is $24.65. The firm has a market cap of $202.35 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the firm posted $0.55 EPS. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

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.

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