Triodos Investment Management BV Sells 101,000 Shares of AT&T Inc. $T

Triodos Investment Management BV lessened its stake in shares of AT&T Inc. (NYSE:T) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,056,265 shares of the technology company’s stock after selling 101,000 shares during the period. AT&T accounts for about 2.3% of Triodos Investment Management BV’s investment portfolio, making the stock its 20th biggest holding. Triodos Investment Management BV’s holdings in AT&T were worth $30,568,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of T. Kingstone Capital Partners Texas LLC bought a new stake in shares of AT&T during the second quarter valued at approximately $5,266,758,000. Nuveen LLC bought a new stake in shares of AT&T during the first quarter valued at approximately $1,072,128,000. GQG Partners LLC raised its stake 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 valued at $3,222,711,000 after acquiring an additional 17,177,874 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake 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 valued at $338,213,000 after acquiring an additional 11,920,392 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake 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 valued at $321,372,000 after acquiring an additional 8,841,126 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $26.12 on Friday. The firm’s fifty day simple moving average is $28.49 and its two-hundred day simple moving average is $27.89. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The firm has a market capitalization of $186.77 billion, a P/E ratio of 14.84, a P/E/G ratio of 3.36 and a beta of 0.42.

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

AT&T Announces Dividend

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

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $33.00 price target (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Barclays reissued an “equal weight” rating and set a $30.00 price objective on shares of AT&T in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

AT&T 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.