AT&T Inc. (NYSE:T) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 89.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,004,508 shares of the technology company's stock after acquiring an additional 1,414,413 shares during the quarter. Nisa Investment Advisors LLC's holdings in AT&T were worth $84,967,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in T. Next Level Private LLC grew its holdings in shares of AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after purchasing an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC grew its holdings in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after purchasing an additional 384 shares in the last quarter. Kozak & Associates Inc. grew its holdings in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of AT&T by 0.3% during the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after purchasing an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC grew its holdings in shares of AT&T by 4.1% during the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after purchasing an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on T shares. TD Securities lifted their price objective on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Morgan Stanley restated an "overweight" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Finally, Barclays lifted their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.12.

AT&T Price Performance

AT&T stock traded down $0.65 during trading on Friday, reaching $26.97. The company had a trading volume of 42,637,282 shares, compared to its average volume of 36,465,494. AT&T Inc. has a 1-year low of $18.14 and a 1-year high of $29.19. The firm's 50-day simple moving average is $27.84 and its 200 day simple moving average is $26.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The firm has a market capitalization of $194.07 billion, a PE ratio of 16.55, a price-to-earnings-growth 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, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter last year, the firm posted $0.55 earnings per share. AT&T's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's 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.