Financial Engines Advisors L.L.C. Has $582,000 Position in AT&T Inc. (NYSE:T)

Financial Engines Advisors L.L.C. lifted its position in shares of AT&T Inc. (NYSE:T) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,546 shares of the technology company’s stock after purchasing an additional 9,418 shares during the period. Financial Engines Advisors L.L.C.’s holdings in AT&T were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of T. Loomis Sayles & Co. L P increased its holdings in shares of AT&T by 908.3% in the third quarter. Loomis Sayles & Co. L P now owns 42,309 shares of the technology company’s stock valued at $931,000 after purchasing an additional 38,113 shares during the last quarter. Townsquare Capital LLC grew its stake in AT&T by 1.1% in the 3rd quarter. Townsquare Capital LLC now owns 546,710 shares of the technology company’s stock valued at $12,028,000 after buying an additional 6,071 shares during the last quarter. Bridgewater Associates LP raised its holdings in AT&T by 38.1% in the 3rd quarter. Bridgewater Associates LP now owns 1,289,648 shares of the technology company’s stock valued at $28,372,000 after acquiring an additional 355,527 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in AT&T by 9.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,174,000 shares of the technology company’s stock worth $47,828,000 after acquiring an additional 184,900 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in shares of AT&T by 34.9% during the third quarter. CreativeOne Wealth LLC now owns 148,740 shares of the technology company’s stock worth $3,272,000 after acquiring an additional 38,444 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

AT&T stock opened at $28.20 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $202.41 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.42. The business’s 50-day moving average price is $25.59 and its two-hundred day moving average price is $23.47.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent research reports. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group increased their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays boosted their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.79.

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.