SteelPeak Wealth LLC lifted its position in shares of AT&T Inc. (NYSE:T – Free Report) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,551 shares of the technology company’s stock after acquiring an additional 29,336 shares during the quarter. SteelPeak Wealth LLC’s holdings in AT&T were worth $7,061,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in T. Fairway Wealth LLC purchased a new stake in AT&T in the 1st quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $26,000. Finally, Blueline Advisors LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $26,000. 57.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
T has been the topic of a number of recent analyst reports. BNP Paribas Exane dropped their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Citigroup increased their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.34.
AT&T Stock Up 2.6%
T opened at $21.99 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The company has a market cap of $152.79 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.84 and a beta of 0.24. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The business’s fifty day moving average is $23.05 and its two-hundred day moving average is $25.32.
AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.32 EPS for the current fiscal year.
AT&T Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.
Key Stories Impacting AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T said an AI system it built to prevent network outages has reduced customer downtime by more than 12 million hours, reinforcing the company’s network reliability story and suggesting potential service-quality and cost-efficiency benefits. Article Title
- Positive Sentiment: AT&T was named the “fastest connectivity provider” in a new Ookla analysis, which supports the company’s marketing message around superior wireless and fiber performance and could help customer acquisition and retention. Article Title
- Positive Sentiment: Several analysts have recently raised earnings estimates or reiterated bullish views on AT&T, including KeyCorp’s higher EPS forecasts and a $36 price target, while Scotiabank’s target of $29.25 still implies meaningful upside from current levels. Article Title
- Positive Sentiment: Hedge-fund positioning appears constructive, with large firms such as Capital World Investors and Goldman Sachs adding to AT&T holdings ahead of earnings, which can be read as a vote of confidence in the stock. Article Title
- Neutral Sentiment: AT&T disclosed $50,000 of Q2 lobbying activity covering spectrum rules, net neutrality, broadband support, and other regulatory issues. This is not a direct operating update, but it highlights ongoing policy risk and advocacy efforts. Article Title
- Neutral Sentiment: AT&T also generated attention from consumer- and business-oriented coverage around higher monthly fees and carrier-plan changes, but these items are more of a mixed backdrop than a clear near-term catalyst. Article Title
- Negative Sentiment: Scotiabank lowered its price target from $31 to $29.25 and kept a “sector perform” rating, which is a mild valuation headwind even though the revised target still sits above the current share price. Article Title
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.
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