Essex Financial Services Inc. Decreases Position in AT&T Inc. $T

Essex Financial Services Inc. cut its position in AT&T Inc. (NYSE:T) by 19.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 87,846 shares of the technology company’s stock after selling 21,858 shares during the period. Essex Financial Services Inc.’s holdings in AT&T were worth $2,182,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of T. Founders Financial Securities LLC raised its holdings in shares of AT&T by 95.8% during the fourth quarter. Founders Financial Securities LLC now owns 36,351 shares of the technology company’s stock valued at $903,000 after purchasing an additional 17,784 shares during the last quarter. Core Wealth Advisors LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $73,000. MUFG Securities EMEA plc raised its holdings in shares of AT&T by 112.4% during the fourth quarter. MUFG Securities EMEA plc now owns 290,636 shares of the technology company’s stock valued at $7,219,000 after purchasing an additional 153,773 shares during the last quarter. Texas Yale Capital Corp. raised its holdings in shares of AT&T by 0.4% during the fourth quarter. Texas Yale Capital Corp. now owns 255,066 shares of the technology company’s stock valued at $6,336,000 after purchasing an additional 950 shares during the last quarter. Finally, Sfmg LLC raised its holdings in shares of AT&T by 9.8% during the fourth quarter. Sfmg LLC now owns 24,350 shares of the technology company’s stock valued at $605,000 after purchasing an additional 2,171 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE T opened at $24.80 on Monday. The firm has a 50 day moving average of $26.39 and a 200 day moving average of $26.02. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $172.33 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.21. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is 37.25%.

Wall Street Analyst Weigh In

T has been the subject of several research reports. Scotiabank decreased their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. KeyCorp boosted their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Tuesday, March 10th. Oppenheimer boosted their price objective on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of AT&T from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Company 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.