State of Alaska Department of Revenue Sells 31,713 Shares of AT&T Inc. $T

State of Alaska Department of Revenue trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 3.4% during the third quarter, Holdings Channel reports. The firm owned 899,763 shares of the technology company’s stock after selling 31,713 shares during the quarter. State of Alaska Department of Revenue’s holdings in AT&T were worth $21,953,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in T. Orion Capital Management LLC bought a new stake in AT&T in the second quarter worth about $26,000. Addison Advisors LLC bought a new position in shares of AT&T in the second quarter valued at $27,000. Fairway Wealth LLC acquired a new stake in shares of AT&T during the 1st quarter valued at $29,000. Robinswood Financial LLC acquired a new stake in shares of AT&T during the 1st quarter valued at $29,000. Finally, Matrix Trust Co lifted its position in shares of AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,148 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on T shares. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a report on Tuesday. Barclays decreased their price objective on shares of 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. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $26.00 to $30.00 in a report on Monday, September 21st. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.05.

AT&T Stock Performance

Shares of NYSE:T traded up $0.52 on Thursday, hitting $23.57. 24,297,184 shares of the company were exchanged, compared to its average volume of 48,450,301. The company’s 50 day moving average price is $24.99 and its two-hundred day moving average price is $24.49. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market capitalization of $161.48 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.14 and a beta of 0.25.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.2775 dividend. 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 (DPR) is currently 36.75%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T agreed to sell its Mexican wireless business to Grupo Televisa and Fintech Holdings for approximately $2 billion in cash, plus potential contingent benefits. The transaction should close in the first quarter of 2027, subject to regulatory approval, and is expected to redirect capital toward U.S. fiber and 5G infrastructure. AT&T to Sell AT&T Mexico to Grupo Televisa and Fintech Holdings
• Positive Sentiment: The company is expanding its fiber footprint through a $5.75 billion acquisition of Lumen Technologies’ consumer fiber business. The deal adds more than 1 million subscribers and over 4 million locations, accelerating AT&T’s ability to bundle broadband and wireless services. The key investor question is whether buying an operating network generates better returns than building one internally. AT&T: Does Buying Fiber Create More Value Than Building It?
• Positive Sentiment: AT&T introduced an expanded customer-service guarantee, promising expert assistance within five minutes or a scheduled callback. Fiber or Internet Air customers who also use AT&T wireless will receive a dedicated technical expert. Better support could help reduce churn and strengthen convergence strategies. AT&T Expands America’s Best Guarantee
• Neutral Sentiment: Analysts and valuation articles highlight AT&T’s low earnings multiple and potential for an earnings beat. However, the discount also reflects concerns about growth, leverage and execution as the company reallocates capital toward connectivity.
• Negative Sentiment: SpaceX-related developments have raised concerns about satellite connectivity disrupting traditional wireless economics, contributing to pressure across telecom stocks. A separate $177 million settlement related to two 2024 data breaches adds a financial and reputational overhang. AT&T Settlement Payout

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.