Caisse de depot et placement du Quebec Takes Position in AT&T Inc. $T

Key Points

• Caisse de dépôt et placement du Québec acquired 10.8 million AT&T shares worth approximately $223.9 million in the second quarter, giving it a 0.16% stake. Institutional investors collectively own 57.1% of the company.
• AT&T exceeded quarterly earnings expectations with EPS of $0.65 versus the $0.59 consensus, while revenue rose 2.3% year over year to $31.56 billion, slightly below estimates.
• AT&T maintains a quarterly dividend of $0.2775, equivalent to $1.11 annually and a 4.3% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $29.19.

Caisse de depot et placement du Quebec acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,815,261 shares of the technology company's stock, valued at approximately $223,876,000. Caisse de depot et placement du Quebec owned approximately 0.16% of AT&T at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the 4th quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T in the fourth quarter worth about $26,000. Blueline Advisors LLC acquired a new stake in AT&T in the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC lifted its stake in shares of AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after buying an additional 820 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $25.88 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a fifty day moving average of $23.00 and a 200 day moving average of $25.24. The firm has a market cap of $177.34 billion, a PE ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio is presently 36.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on T shares. Scotiabank decreased their target price on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Argus decreased their target price on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Wall Street Zen raised shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $29.19.

AT&T Company 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.

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