NBT Bank N.A. Makes New Investment in AT&T Inc. $T

NBT Bank N.A. bought a new stake in AT&T Inc. (NYSE:T) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,368 shares of the technology company’s stock, valued at approximately $2,229,000.

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 purchased a new stake in shares of AT&T in the second 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 acquired a new stake in AT&T during the second quarter worth about $259,954,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T News Roundup

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

• Positive Sentiment: AT&T reported third-quarter adjusted EPS of $0.65 and revenue of $32.32 billion, exceeding analyst estimates. Revenue increased roughly 5.2% year over year, supported by fiber and wireless growth. AT&T quarterly earnings results
• Positive Sentiment: Record Advanced Connectivity additions included 769,000 internet customers, 442,000 fiber additions and 379,000 postpaid phone additions. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and plans roughly $10 billion in share repurchases. AT&T third-quarter results
• Positive Sentiment: Argus reaffirmed its buy rating with a $30 price target, while JPMorgan and KeyCorp maintained positive ratings despite reducing their targets to $31 and $33, respectively. Analyst ratings
• Neutral Sentiment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 while retaining its goal of reaching more than 60 million fiber locations by 2030. The lower spending supports cash flow but could raise questions about growth investment and fiber execution. AT&T fiber spending strategy
• Negative Sentiment: Investors are concerned that debt reduction is taking longer than expected. Net debt rose following the EchoStar spectrum transaction, and management now expects to return to its targeted net-debt-to-EBITDA range in 2029. A $2.6 billion noncash impairment tied to the Mexico wireless business also weighed on sentiment. AT&T debt and impairment analysis
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is amplifying concerns about wireless subscriber growth, pricing and the need for additional customer incentives. Fiber introductory promotions are also pressuring pricing. Telecom stocks and Starlink concerns

AT&T Stock Performance

NYSE T opened at $22.73 on Friday. The stock has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $24.25. The company has a current ratio of 0.87, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a market cap of $155.72 billion, a PE ratio of 7.52, a P/E/G ratio of 1.04 and a beta of 0.25. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43.

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, beating the consensus estimate of $0.60 by $0.05. The firm had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. AT&T’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. Equities analysts anticipate that AT&T Inc. will post 2.39 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given 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 4.9%. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Wall Street Analyst Weigh In

T has been the topic of a number of analyst reports. KeyCorp reduced their target price on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note 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. JPMorgan Chase & Co. dropped their price target on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday. The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a research report on Wednesday. Finally, TD Cowen reaffirmed a “hold” rating and set a $33.00 price target on shares of AT&T in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $28.55.

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.