Nisa Investment Advisors LLC Has $36.21 Million Stock Holdings in AT&T Inc. (NYSE:T)

Nisa Investment Advisors LLC lowered its stake in AT&T Inc. (NYSE:T) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,590,095 shares of the technology company’s stock after selling 71,982 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AT&T were worth $36,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. Reston Wealth Management LLC bought a new position in AT&T during the third quarter worth about $35,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the third quarter worth approximately $35,000. Finally, Marquette Asset Management LLC bought a new stake in AT&T in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. Tigress Financial raised their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $22.00 to $26.00 in a research report on Monday, January 6th. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, Citigroup upped their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Price Performance

T stock opened at $22.49 on Wednesday. The company has a market capitalization of $161.40 billion, a P/E ratio of 18.29, a PEG ratio of 3.50 and a beta of 0.59. The company has a fifty day moving average price of $22.79 and a 200-day moving average price of $21.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. As a group, equities analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

AT&T Company Profile

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.