Triodos Investment Management BV Has $20.17 Million Stock Holdings in AT&T Inc. (NYSE:T)

Triodos Investment Management BV reduced its stake in AT&T Inc. (NYSE:T - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,201,765 shares of the technology company's stock after selling 50,000 shares during the period. AT&T makes up approximately 2.0% of Triodos Investment Management BV's holdings, making the stock its 25th largest holding. Triodos Investment Management BV's holdings in AT&T were worth $20,166,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company's stock valued at $39,000 after buying an additional 606 shares during the period. JB Capital LLC lifted its position in shares of AT&T by 2.4% during the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company's stock valued at $447,000 after acquiring an additional 614 shares during the period. Connecticut Wealth Management LLC grew its holdings in shares of AT&T by 3.0% during the 4th quarter. Connecticut Wealth Management LLC now owns 21,601 shares of the technology company's stock worth $362,000 after purchasing an additional 620 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its position in shares of AT&T by 0.6% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 111,852 shares of the technology company's stock worth $1,877,000 after purchasing an additional 630 shares during the period. Finally, Schubert & Co raised its stake in AT&T by 2.0% in the third quarter. Schubert & Co now owns 32,333 shares of the technology company's stock valued at $486,000 after purchasing an additional 631 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.1 %

Shares of T traded up $0.02 during trading hours on Tuesday, hitting $17.29. The stock had a trading volume of 23,535,616 shares, compared to its average volume of 37,998,273. The firm has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $16.75. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market capitalization of $123.94 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.57.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter last year, the firm posted $0.60 EPS. AT&T's revenue was down .4% compared to the same quarter last year. Sell-side analysts predict that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Tuesday, April 9th. AT&T's payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on T. Citigroup lifted their price target on AT&T from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, February 1st. Barclays raised AT&T from an "equal weight" rating to an "overweight" rating and set a $20.00 target price for the company in a research note on Monday, April 29th. Tigress Financial raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. StockNews.com cut shares of AT&T from a "buy" rating to a "hold" rating in a research report on Friday, May 3rd. Finally, Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 target price on the stock in a research report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.81.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.