Auto Owners Insurance Co Buys 525,744 Shares of AT&T Inc. $T

Auto Owners Insurance Co raised its position in shares of AT&T Inc. (NYSE:T) by 2,384.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 547,797 shares of the technology company’s stock after purchasing an additional 525,744 shares during the quarter. Auto Owners Insurance Co’s holdings in AT&T were worth $1,361,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of AT&T in the 4th quarter worth approximately $2,181,977,000. Amundi boosted its position in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in AT&T by 620.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after purchasing an additional 10,241,949 shares in the last quarter. State Street Corp lifted its position in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in AT&T by 49.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock valued at $624,865,000 after buying an additional 8,297,201 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

More AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T Fiber received strong validation in a new Opensignal report, earning 107 wins across speed, reliability, video, and consistency categories and outperforming competitors in many metro markets. This supports the company’s broadband growth story and may help sentiment around the fiber business. Article
• Neutral Sentiment: AT&T is getting increased investor attention, according to Zacks, but the note does not point to a specific new catalyst; it mainly reflects elevated interest in the name. Article
• Negative Sentiment: California asked a court and the FCC to block AT&T’s request to stop offering traditional copper-wire phone service to new customers, highlighting regulatory resistance to AT&T’s network transition plans. That could delay the company’s cost-cutting and modernization efforts. Article
• Negative Sentiment: Related reports say AT&T wants to cancel wireline phone service for about 199,000 people, but California’s pushback suggests this plan could face hurdles, adding uncertainty around the copper-network exit. Article

AT&T Stock Up 0.0%

T opened at $22.02 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1-year low of $21.99 and a 1-year high of $29.79. The company has a market capitalization of $152.97 billion, a PE ratio of 7.39, a PEG ratio of 0.92 and a beta of 0.21. The firm’s 50 day simple moving average is $24.77 and its two-hundred day simple moving average is $25.75.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.0%. AT&T’s dividend payout ratio is presently 37.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on T shares. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley assumed coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target for the company. KeyCorp raised their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Scotiabank cut their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Finally, Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.