Miller Howard Investments Inc. NY raised its holdings in shares of AT&T Inc. (NYSE:T) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,407,394 shares of the technology company’s stock after buying an additional 64,763 shares during the quarter. AT&T comprises 1.9% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 12th largest holding. Miller Howard Investments Inc. NY’s holdings in AT&T were worth $94,298,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC raised its stake in shares of AT&T by 10.3% in the first quarter. Kovitz Investment Group Partners LLC now owns 10,457 shares of the technology company’s stock valued at $434,000 after purchasing an additional 973 shares in the last quarter. Security National Bank of SO Dak raised its stake in shares of AT&T by 7.7% in the first quarter. Security National Bank of SO Dak now owns 24,480 shares of the technology company’s stock valued at $1,017,000 after purchasing an additional 1,743 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of AT&T in the first quarter valued at $109,000. Meridian Wealth Management LLC raised its stake in shares of AT&T by 37.8% in the first quarter. Meridian Wealth Management LLC now owns 30,816 shares of the technology company’s stock valued at $1,280,000 after purchasing an additional 8,454 shares in the last quarter. Finally, Kimelman & Baird LLC raised its stake in shares of AT&T by 0.4% in the first quarter. Kimelman & Baird LLC now owns 77,797 shares of the technology company’s stock valued at $3,232,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 55.76% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at $37.49 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $230,150.00, a price-to-earnings ratio of 18.02, a PEG ratio of 3.14 and a beta of 0.44. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $42.70.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Tuesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is presently 94.23%.
A number of research analysts recently commented on the company. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.60 target price for the company in a research note on Wednesday. Oppenheimer restated a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Canaccord Genuity restated a “buy” rating and issued a $51.00 target price on shares of AT&T in a research note on Friday, November 10th. Robert W. Baird reiterated an “outperform” rating and issued a $43.00 price target on shares of AT&T in a research report on Thursday, September 21st. Finally, Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. AT&T has an average rating of “Hold” and an average price target of $42.59.
In other AT&T news, Director Matthew K. Rose bought 29,600 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.
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AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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