Teza Capital Management LLC Invests $272,000 in AT&T Inc. $T

Key Points

• Teza Capital Management LLC invested $272,000 in AT&T Inc. during the 1st quarter, acquiring 9,626 shares, indicating growing institutional interest in the technology company.
• AT&T's stock recently traded at $29.43, with a market capitalization of $210.44 billion and a dividend yield of 3.8%, reflecting solid performance despite fluctuations.
• The company reported quarterly earnings of $0.54 per share, surpassing analysts' expectations, with revenue up 3.4% year-over-year to $30.85 billion.

Teza Capital Management LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,626 shares of the technology company's stock, valued at approximately $272,000.

A number of other institutional investors also recently bought and sold shares of T. Brighton Jones LLC increased its position in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Yoffe Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $213,000. Focus Partners Wealth grew its position in shares of AT&T by 59.2% during the fourth quarter. Focus Partners Wealth now owns 1,235,890 shares of the technology company's stock worth $29,120,000 after purchasing an additional 459,410 shares in the last quarter. Graham Capital Management L.P. grew its position in shares of AT&T by 323.5% during the fourth quarter. Graham Capital Management L.P. now owns 94,511 shares of the technology company's stock worth $2,152,000 after purchasing an additional 72,193 shares in the last quarter. Finally, Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $497,000. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on T shares. UBS Group set a $32.00 price target on AT&T in a report on Thursday, September 4th. The Goldman Sachs Group initiated coverage on AT&T in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 price objective for the company. Morgan Stanley raised their price objective on AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein raised their price target on AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.60.

AT&T Stock Up 0.7%

NYSE T traded up $0.21 on Thursday, reaching $29.41. 13,973,145 shares of the stock traded hands, compared to its average volume of 36,560,605. 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 company has a fifty day moving average price of $28.26 and a 200-day moving average price of $27.69. The company has a market cap of $210.26 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 3.66 and a beta of 0.44. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.AT&T's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's payout ratio is presently 63.07%.

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.