Huber Capital Management LLC Increases Stock Position in AT&T Inc. (NYSE:T)

Huber Capital Management LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 577,985 shares of the technology company’s stock after purchasing an additional 15,000 shares during the period. AT&T makes up 2.6% of Huber Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Huber Capital Management LLC’s holdings in AT&T were worth $13,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of AT&T in the 4th quarter worth $14,700,000. Franklin Resources Inc. increased its position in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after buying an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp raised its stake in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock worth $7,288,000 after buying an additional 21,927 shares during the period. Fortress Financial Solutions LLC bought a new position in shares of AT&T in the fourth quarter worth about $691,000. Finally, West Family Investments Inc. grew its stake in shares of AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after acquiring an additional 15,680 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T stock opened at $28.13 on Thursday. The stock has a 50 day moving average price of $26.06 and a 200 day moving average price of $23.67. The firm has a market capitalization of $201.92 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.61.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, April 10th. AT&T’s dividend payout ratio is presently 74.50%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on T. Citigroup lifted their price target on shares of AT&T from $28.00 to $32.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada upped their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Tigress Financial increased their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Scotiabank boosted their price target on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.21.

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.