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 Stock Performance

Shares of T stock traded up $0.14 on Thursday, reaching $27.89. The stock had a trading volume of 26,428,454 shares, compared to its average volume of 38,054,117. The stock has a market cap of $200.65 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42. AT&T Inc. has a 1 year low of $18.64 and a 1 year high of $29.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The company has a 50 day simple moving average of $27.79 and a 200 day simple moving average of $26.54.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The company 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 13.63% and a net margin of 9.64%. The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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 3.98%. AT&T's dividend payout ratio is 68.10%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on T shares. Evercore ISI boosted their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Wells Fargo & Company increased their price target on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $29.37.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC acquired a new position in AT&T during the 4th quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new position in shares of AT&T in the fourth quarter worth approximately $25,000. Stone House Investment Management LLC purchased a new position in shares of AT&T in the first quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T during the second quarter worth approximately $26,000. Finally, Putney Financial Group LLC acquired a new stake in shares of AT&T during the fourth quarter worth approximately $27,000. 57.10% of the stock is currently owned by institutional investors.

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.