NBT Bank N A NY Has $3.78 Million Holdings in AT&T Inc. $T

NBT Bank N A NY raised its holdings in AT&T Inc. (NYSE:T) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,689 shares of the technology company’s stock after buying an additional 1,261 shares during the quarter. NBT Bank N A NY’s holdings in AT&T were worth $3,782,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in T. Kingstone Capital Partners Texas LLC acquired a new position in shares of AT&T during the second quarter worth approximately $5,266,758,000. Nuveen LLC acquired a new position in shares of AT&T during the first quarter worth approximately $1,072,128,000. GQG Partners LLC raised its position in shares of AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after purchasing an additional 17,177,874 shares during the period. Ontario Teachers Pension Plan Board raised its position in shares of AT&T by 30,527.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock worth $338,213,000 after purchasing an additional 11,920,392 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of AT&T by 350.4% during the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock worth $321,372,000 after purchasing an additional 8,841,126 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Sanford C. Bernstein increased their price target on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. Finally, Bank of America began coverage on AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.75.

AT&T Stock Up 1.0%

Shares of NYSE:T opened at $26.13 on Wednesday. The company has a market capitalization of $186.85 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 3.31 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The business has a fifty day moving average price of $28.54 and a two-hundred day moving average price of $27.91. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is 63.07%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.