AT&T Inc. $T Stock: Tectonic Advisors LLC Increases Position

Tectonic Advisors LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 13.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 695,882 shares of the technology company’s stock after buying an additional 83,969 shares during the period. Tectonic Advisors LLC’s holdings in AT&T were worth $16,980,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new position in shares of AT&T during the 2nd quarter worth $2,310,898,000. GQG Partners LLC acquired a new position in shares of AT&T during the 2nd quarter valued at about $1,223,364,000. Legal & General Group Plc purchased a new stake in shares of AT&T in the second quarter valued at about $960,695,000. State Street Corp grew its holdings in shares of AT&T by 5.8% in the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after purchasing an additional 18,468,679 shares during the period. Finally, Nykredit A S purchased a new stake in shares of AT&T in the second quarter valued at about $259,954,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 7.8%

Shares of AT&T stock traded down $1.77 during trading hours on Friday, hitting $20.96. The company’s stock had a trading volume of 99,657,364 shares, compared to its average volume of 47,801,004. The stock has a market cap of $141.23 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.14 and a beta of 0.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 0.87. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43. The firm has a fifty day moving average of $24.78 and a 200-day moving average of $24.23.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. Research analysts forecast that AT&T Inc. will post 2.38 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Wall Street Analyst Weigh In

T has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on shares of AT&T from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays decreased their target price on shares of AT&T from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday. Argus reissued a “buy” rating and issued a $30.00 price target on shares of AT&T in a research note on Thursday. KeyCorp dropped their price target on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.55.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T reported third-quarter adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates of $0.60 and $31.69 billion, respectively. Revenue increased roughly 5% year over year. AT&T Stock Sinks on Subscriber and SpaceX Worries
• Positive Sentiment: Analysts continue to see long-term value in the stock. Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan maintained an Overweight rating at $31; Erste Group also modestly raised its 2026 EPS estimate to $2.35. Argus AT&T rating
• Neutral Sentiment: Citi estimates that SpaceX’s Starlink wireless service may not launch nationally until 2029 or later, but reported talks to secure access to as many as 80,000 U.S. cell sites could accelerate the competitive timeline. Starlink Is Years Away From Competing With AT&T
• Negative Sentiment: SpaceX’s potential entry as a fourth nationwide wireless carrier raised fears of greater pricing pressure, subscriber losses and higher network costs for AT&T, Verizon and T-Mobile. Tower operators benefited because SpaceX may become a major tenant, while telecom carriers sold off. AT&T Slides on SpaceX Cell-Site Talks
• Negative Sentiment: Investors also remain concerned about AT&T’s subscriber trends, elevated leverage and margin pressure. The company’s plan to reduce planned capital spending by roughly $1 billion in 2027–28 while maintaining its 2030 fiber goal may support cash flow, but introductory pricing could weigh on fiber economics. AT&T Q3 Earnings Call and Fiber Strategy

AT&T Company Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.