117,468 AT&T Inc. $T Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC decreased its holdings in AT&T Inc. (NYSE:T) by 37.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,834 shares of the technology company’s stock after selling 117,468 shares during the period. SteelPeak Wealth LLC’s holdings in AT&T were worth $4,754,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE bought a new position in AT&T during the second quarter valued at approximately $2,310,898,000. GQG Partners LLC acquired a new position in AT&T during the 2nd quarter worth $1,223,364,000. Legal & General Group Plc bought a new stake in AT&T during the 2nd quarter valued at approximately $960,695,000. State Street Corp boosted its position 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 acquiring an additional 18,468,679 shares during the period. Finally, Nykredit A S bought a new stake in AT&T in the 2nd quarter valued at $259,954,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Mexico exit supports U.S. investment: AT&T agreed to sell its Mexican wireless operations to Grupo Televisa and Fintech Holdings for approximately $2 billion. Management plans to redirect resources toward U.S. fiber and 5G, while the transaction should simplify AT&T’s international footprint and provide additional financial flexibility. AT&T Agrees To Exit Its Mexican Wireless Business
• Positive Sentiment: Fiber expansion remains a growth priority: AT&T’s $5.75 billion acquisition of Lumen Technologies’ consumer fiber business adds more than 1 million subscribers and reaches over 4 million locations. The deal could accelerate broadband expansion and strengthen AT&T’s ability to bundle fiber with wireless services. AT&T Does Buying Fiber Create More Value Than Building It?
• Positive Sentiment: AT&T expanded its customer-service guarantee, promising access to an expert within five minutes or a callback, with additional support for customers combining fiber and wireless services. The initiative could aid customer retention, although its direct financial impact is uncertain. AT&T Expands America’s Best Guarantee
• Neutral Sentiment: Construction of AT&T’s planned $1 billion-plus Plano headquarters campus is expected to begin December 1, with completion targeted for March 2029. The project reinforces its corporate presence but represents a substantial long-term capital commitment. AT&T Plano Headquarters Construction Eyed for December 1 Start
• Neutral Sentiment: Investors are awaiting third-quarter results on October 21. Beyond revenue and EPS, attention will likely center on wireless subscribers, broadband growth, cash flow, and management’s outlook. Countdown to AT&T Q3 Earnings
• Negative Sentiment: Bernstein downgraded AT&T to Market Perform amid concerns that SpaceX’s satellite connectivity could increase competitive pressure on traditional wireless operators. The downgrade adds near-term selling pressure ahead of earnings. AT&T Stock Downgraded Over SpaceX

AT&T Stock Performance

T stock opened at $23.44 on Friday. The firm has a market cap of $160.65 billion, a PE ratio of 7.76, a P/E/G ratio of 1.14 and a beta of 0.25. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $24.98 and its two-hundred day moving average price is $24.44.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.33 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T’s dividend payout ratio is currently 36.75%.

Analyst Ratings Changes

A number of analysts have commented on T shares. Argus reduced their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. KeyCorp reaffirmed an “overweight” rating and set a $36.00 price objective on shares of AT&T in a research note on Wednesday, October 7th. Barclays lowered their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a report on Wednesday, July 22nd. Finally, Morgan Stanley boosted their price objective on AT&T from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, September 28th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.05.

AT&T 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.