OMERS ADMINISTRATION Corp Purchases New Stake in AT&T Inc. $T

OMERS ADMINISTRATION Corp acquired a new position in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 488,662 shares of the technology company’s stock, valued at approximately $10,115,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of AT&T during the first quarter worth approximately $29,000. Robinswood Financial LLC acquired a new position in AT&T in the first quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T in the fourth quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T in the fourth quarter valued at approximately $25,000. Finally, Cresta Advisors Ltd. acquired a new stake in AT&T during the 4th quarter worth $26,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on T shares. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Thursday, July 23rd. Barclays decreased their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Argus dropped their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, Scotiabank cut their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Trading Up 0.3%

T opened at $25.77 on Wednesday. The firm’s fifty day moving average is $22.93 and its two-hundred day moving average is $25.25. The firm has a market cap of $176.55 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

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.