AT&T Inc. $T Stake Lessened by Intrust Bank NA

Intrust Bank NA lessened its stake in AT&T Inc. (NYSE:T) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,279 shares of the technology company’s stock after selling 20,624 shares during the period. Intrust Bank NA’s holdings in AT&T were worth $3,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GGM Financials LLC bought a new stake in shares of AT&T in the third quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the fourth quarter worth $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the fourth quarter worth $26,000. OFI Invest Asset Management increased its stake in shares of AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after buying an additional 496,804 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of AT&T in the fourth quarter worth $29,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on T. Scotiabank dropped their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, March 10th. Citigroup boosted their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. Morgan Stanley began coverage on shares of AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price for the company. Finally, KeyCorp boosted their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Stock Up 2.1%

T stock opened at $24.93 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The firm has a fifty day moving average price of $26.79 and a two-hundred day moving average price of $26.00. The firm has a market cap of $173.23 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.90 and a beta of 0.23.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s payout ratio is 37.25%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T reiterated its 2026 and multi-year financial, operational, and capital return guidance, which should reassure investors that management is staying on plan. John Stankey to Update Shareholders at J.P. Morgan Global Technology, Media and Communications Conference on May 19
• Positive Sentiment: AT&T Fiber was ranked #1 in customer satisfaction for the fourth year in a row by the American Customer Satisfaction Index, reinforcing the competitiveness of its broadband offering. Four Years at #1: AT&T Fiber Customers Are the Happiest
• Positive Sentiment: Management commentary at the J.P. Morgan conference emphasized fiber and 5G investments, which supports AT&T’s long-term growth and convergence strategy. AT&T Inc. (T) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Neutral Sentiment: Media coverage framed AT&T as a value stock and compared it with Verizon, but this appears more like investor commentary than a direct catalyst. Why AT&T (T) is a Top Value Stock for the Long-Term
• Neutral Sentiment: AT&T’s CEO said the company is seeking skilled trade workers, reflecting hiring priorities tied to network buildout rather than a material near-term earnings driver. The AI economy is rewriting the American Dream — and blue-collar workers are poised to win
• Negative Sentiment: New travel eSIM plans were described as more expensive, which could be a small headwind for consumer sentiment, though the impact looks limited. AT&T just answered T-Mobile with more expensive travel eSIM plans

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.