KLCM Advisors Inc. Has $19.31 Million Stake in AT&T Inc. (NYSE:T)

KLCM Advisors Inc. cut its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,150,730 shares of the technology company's stock after selling 83,735 shares during the period. AT&T makes up approximately 3.0% of KLCM Advisors Inc.'s investment portfolio, making the stock its 8th largest holding. KLCM Advisors Inc.'s holdings in AT&T were worth $19,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. bought a new position in AT&T during the fourth quarter worth about $454,000. Scissortail Wealth Management LLC bought a new position in AT&T during the fourth quarter worth about $1,742,000. Tyche Wealth Partners LLC bought a new position in AT&T during the fourth quarter worth about $1,029,000. Ergawealth Advisors Inc. lifted its holdings in shares of AT&T by 7.2% in the fourth quarter. Ergawealth Advisors Inc. now owns 11,116 shares of the technology company's stock valued at $187,000 after purchasing an additional 747 shares in the last quarter. Finally, Octavia Wealth Advisors LLC lifted its holdings in shares of AT&T by 2.9% in the fourth quarter. Octavia Wealth Advisors LLC now owns 35,571 shares of the technology company's stock valued at $597,000 after purchasing an additional 1,019 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

NYSE T traded up $0.03 during trading on Wednesday, reaching $16.12. 26,723,488 shares of the company's stock were exchanged, compared to its average volume of 38,601,246. The business has a 50 day moving average price of $17.02 and a 200-day moving average price of $16.48. The stock has a market capitalization of $115.30 billion, a P/E ratio of 8.22, a PEG ratio of 2.45 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.87.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.89%. The ex-dividend date is Tuesday, April 9th. AT&T's payout ratio is 56.63%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on T shares. Wolfe Research upgraded AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Oppenheimer upgraded AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Friday, January 19th. Barclays boosted their price target on AT&T from $17.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, January 31st. Tigress Financial boosted their price target on AT&T from $28.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Finally, TheStreet upgraded AT&T from a "c" rating to a "b-" rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $20.68.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.