EPG Wealth Management LLC Invests $210,000 in AT&T Inc. (NYSE:T)

EPG Wealth Management LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,204 shares of the technology company's stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors also recently modified their holdings of T. 1620 Investment Advisors Inc. raised its holdings 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 valued at $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC raised its stake 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 worth $30,000 after acquiring an additional 430 shares in the last quarter. BNP Paribas lifted its holdings in shares of AT&T by 1.0% in the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company's stock worth $942,000 after acquiring an additional 430 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after purchasing an additional 433 shares in the last quarter. Finally, Wealthstream Advisors Inc. grew its holdings in shares of AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after purchasing an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on T shares. Tigress Financial upped their price target on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Royal Bank of Canada increased their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Up 1.5 %

T stock traded up $0.41 during midday trading on Friday, hitting $27.88. The company's stock had a trading volume of 29,202,762 shares, compared to its average volume of 36,434,454. The firm's 50-day moving average is $27.15 and its 200-day moving average is $24.73. 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 Inc. has a 12 month low of $17.11 and a 12 month high of $29.03. The company has a market cap of $200.61 billion, a PE ratio of 18.71, a P/E/G ratio of 3.00 and a beta of 0.42.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.98%. AT&T's payout ratio is 68.10%.

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.