Employees Retirement System of Texas Buys 93,802 Shares of AT&T Inc. (NYSE:T)

Employees Retirement System of Texas grew its position in AT&T Inc. (NYSE:T - Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,304,302 shares of the technology company's stock after purchasing an additional 93,802 shares during the period. Employees Retirement System of Texas' holdings in AT&T were worth $29,699,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Brighton Jones LLC lifted its stake in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in AT&T by 2.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 173,796 shares of the technology company's stock worth $3,957,000 after purchasing an additional 4,831 shares during the period. Stewardship Advisors LLC bought a new stake in AT&T during the fourth quarter valued at $204,000. Insight Inv LLC lifted its holdings in shares of AT&T by 16.4% during the 4th quarter. Insight Inv LLC now owns 59,757 shares of the technology company's stock worth $1,361,000 after acquiring an additional 8,403 shares during the last quarter. Finally, Patton Albertson Miller Group LLC lifted its position in AT&T by 38.2% in the 4th quarter. Patton Albertson Miller Group LLC now owns 14,569 shares of the technology company's stock worth $332,000 after buying an additional 4,024 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T traded down $0.14 during trading on Thursday, reaching $27.37. 14,295,614 shares of the company's stock were exchanged, compared to its average volume of 40,277,848. AT&T Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $27.34 and a 200 day moving average price of $25.20. The company has a market capitalization of $196.91 billion, a P/E ratio of 18.37, a PEG ratio of 3.00 and a beta of 0.42.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.06%. AT&T's payout ratio is currently 68.10%.

Analyst Ratings Changes

T has been the subject of a number of recent analyst reports. Barclays boosted 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 Friday, April 25th. Oppenheimer raised their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Morgan Stanley reissued an "overweight" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Finally, Cowen restated a "hold" rating 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.71.

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.