SFE Investment Counsel Has $1.32 Million Stock Holdings in AT&T Inc. (NYSE:T)

SFE Investment Counsel decreased its position in AT&T Inc. (NYSE:T) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 57,921 shares of the technology company’s stock after selling 3,753 shares during the quarter. SFE Investment Counsel’s holdings in AT&T were worth $1,319,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in AT&T in the third quarter worth $25,000. YANKCOM Partnership acquired a new stake in shares of AT&T in the fourth quarter valued at $30,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter worth about $34,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in AT&T during the 3rd quarter worth about $35,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Evercore ISI lifted their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Stock Performance

Shares of T opened at $25.37 on Thursday. The stock has a market capitalization of $182.04 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $25.38. The firm has a fifty day simple moving average of $23.15 and a 200 day simple moving average of $21.96. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.38%. AT&T’s dividend payout ratio is 74.50%.

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.