Aigen Investment Management LP Invests $355,000 in AT&T Inc. (NYSE:T)

Key Points

• Aigen Investment Management LP has invested approximately $355,000 in AT&T Inc. by acquiring 12,566 shares in the 1st quarter.
• Multiple analysts have recently upgraded AT&T's stock ratings, with target prices ranging from $30.00 to $34.00, indicating a consensus rating of "Moderate Buy."
• AT&T declared a quarterly dividend of $0.2775 per share, resulting in an annualized dividend of $1.11 and a yield of 3.9%.

Aigen Investment Management LP acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,566 shares of the technology company's stock, valued at approximately $355,000.

Several other large investors have also modified their holdings of T. Brighton Jones LLC boosted its holdings in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Yoffe Investment Management LLC bought a new stake in AT&T in the 4th quarter valued at $213,000. Advisors Capital Management LLC boosted its holdings in AT&T by 54.6% in the 4th quarter. Advisors Capital Management LLC now owns 18,850 shares of the technology company's stock valued at $429,000 after purchasing an additional 6,657 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in AT&T by 7.2% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 39,048 shares of the technology company's stock valued at $889,000 after purchasing an additional 2,639 shares during the period. Finally, Jump Financial LLC bought a new stake in AT&T in the 4th quarter valued at $1,471,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Tigress Financial increased their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Royal Bank Of Canada increased their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Finally, Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $29.66.

AT&T Stock Performance

Shares of T stock traded up $0.36 on Thursday, hitting $28.76. The company's stock had a trading volume of 24,523,413 shares, compared to its average volume of 33,400,236. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The stock's 50 day moving average is $27.89 and its 200-day moving average is $27.16. AT&T Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $29.19. The company has a market capitalization of $205.61 billion, a PE ratio of 16.34, a PEG ratio of 3.51 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analysts' expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's dividend payout ratio is currently 63.07%.

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.