Rep. Jefferson Shreve Sells AT&T Inc. (NYSE:T) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of AT&T Inc. NYSE: T. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in AT&T stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

AT&T Trading Up 0.3%

Shares of AT&T stock traded up $0.10 during trading hours on Friday, hitting $28.02. The company's stock had a trading volume of 33,981,327 shares, compared to its average volume of 32,249,414. The firm has a fifty day moving average of $27.81 and a 200-day moving average of $26.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 0.81. The stock has a market cap of $201.58 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 3.48 and a beta of 0.42. AT&T Inc. has a twelve month low of $18.64 and a twelve month high of $29.19.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.96%. AT&T's dividend payout ratio (DPR) is 63.07%.

Hedge Funds Weigh In On AT&T

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Waterfront Wealth Inc. raised its stake in shares of AT&T by 15.6% during the fourth quarter. Waterfront Wealth Inc. now owns 18,271 shares of the technology company's stock worth $416,000 after purchasing an additional 2,461 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $46,000. Compass Capital Corp MA ADV purchased a new stake in shares of AT&T during the fourth quarter worth approximately $214,000. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of AT&T by 4.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 32,374 shares of the technology company's stock worth $737,000 after purchasing an additional 1,379 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on T shares. Royal Bank Of Canada raised their price objective on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Bank of America began coverage on AT&T in a research report on Monday, July 7th. They set a "buy" rating and a $32.00 price objective for the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, TD Securities lifted their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $29.66.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

AT&T Company 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.