Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in AT&T Inc. $T

Connor Clark & Lunn Investment Management Ltd. acquired a new position in AT&T Inc. (NYSE:T) in the second quarter, HoldingsChannel reports. The fund acquired 218,124 shares of the technology company’s stock, valued at approximately $4,515,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares during the period. Osterweis Capital Management Inc. lifted its holdings in AT&T by 4,352.9% during the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after buying an additional 6,094 shares during the period. Main Street Financial Solutions LLC increased its holdings in shares of AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after acquiring an additional 1,022 shares during the period. HUB Investment Partners LLC increased its holdings in shares of AT&T by 19.6% in the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in shares of AT&T by 1.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after acquiring an additional 3,677 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $25.42 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a market cap of $174.16 billion, a PE ratio of 8.42, a P/E/G ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The stock has a fifty day moving average price of $23.06 and a 200-day moving average price of $25.23.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue for the quarter 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 predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on T shares. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group set a $30.00 target price on AT&T in a research note on Wednesday, July 22nd. Scotiabank reduced their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Morgan Stanley increased their price target on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Company 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.