Laurion Capital Management LP Acquires New Position in AT&T Inc. (NYSE:T)

Laurion Capital Management LP bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,073 shares of the technology company's stock, valued at approximately $275,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of AT&T by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after buying an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC grew its position in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after purchasing an additional 2,640,644 shares during the last quarter. GQG Partners LLC grew its position in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp grew its position in AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank purchased a new stake in AT&T during the 4th quarter worth approximately $1,858,418,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Barclays boosted their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. TD Securities lifted their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average price target of $28.71.

AT&T Price Performance

NYSE T traded up $0.04 on Wednesday, hitting $26.49. The company had a trading volume of 31,508,089 shares, compared to its average volume of 36,740,874. The company has a market capitalization of $190.61 billion, a PE ratio of 17.78, a PEG ratio of 3.00 and a beta of 0.42. The company's fifty day moving average price is $27.16 and its 200-day moving average price is $24.81. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 12-month low of $17.11 and a 12-month high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results 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 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the previous year, the firm posted $0.55 EPS. AT&T's revenue was up 2.0% compared to the same quarter last year. As a group, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is 68.10%.

AT&T 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.