TriaGen Wealth Management LLC Grows Stock Holdings in AT&T Inc. $T

TriaGen Wealth Management LLC increased its stake in AT&T Inc. (NYSE:T) by 921.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,221 shares of the technology company’s stock after purchasing an additional 69,661 shares during the quarter. TriaGen Wealth Management LLC’s holdings in AT&T were worth $2,181,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Denali Advisors LLC lifted its holdings in AT&T by 5.9% in the second quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after acquiring an additional 22,394 shares during the period. Tredje AP fonden increased its holdings in shares of AT&T by 1.8% during the 2nd quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after purchasing an additional 21,720 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in shares of AT&T by 1.5% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after purchasing an additional 4,793 shares in the last quarter. Kickstand Ventures LLC. acquired a new position in shares of AT&T in the 2nd quarter valued at $489,000. Finally, Sentry Investment Management LLC boosted its holdings in AT&T by 153.2% during the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock worth $625,000 after buying an additional 13,370 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $24.54 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $25.00 and a 200 day moving average price of $26.90. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79. The stock has a market cap of $174.00 billion, a P/E ratio of 7.97, a PEG ratio of 1.31 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s dividend payout ratio is presently 36.04%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. UBS Group restated a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. Barclays lowered their price target on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Wells Fargo & Company cut their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.24.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.