Tocqueville Asset Management L.P. Cuts Position in AT&T Inc. $T

Tocqueville Asset Management L.P. trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 18.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,053,801 shares of the technology company’s stock after selling 237,298 shares during the period. Tocqueville Asset Management L.P.’s holdings in AT&T were worth $29,759,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in T. J. L. Bainbridge & Co. Inc. grew its stake in shares of AT&T by 1.7% in the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after buying an additional 355 shares during the last quarter. Financial & Tax Architects LLC raised its stake in AT&T by 4.9% during the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after buying an additional 356 shares during the last quarter. Investment Partners LTD. boosted its holdings in AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after acquiring an additional 357 shares in the last quarter. Global Wealth Strategies & Associates grew its stake in shares of AT&T by 10.7% in the third quarter. Global Wealth Strategies & Associates now owns 4,025 shares of the technology company’s stock worth $114,000 after acquiring an additional 390 shares during the last quarter. Finally, Gentry Private Wealth LLC increased its holdings in shares of AT&T by 1.7% during the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock valued at $665,000 after acquiring an additional 393 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on T. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research note on Thursday, February 12th. KeyCorp restated an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Finally, Wells Fargo & Company reduced their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.35.

AT&T Stock Performance

NYSE T traded up $0.29 during trading hours on Friday, hitting $27.68. The company’s stock had a trading volume of 4,417,783 shares, compared to its average volume of 45,057,043. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company’s 50 day simple moving average is $26.25 and its two-hundred day simple moving average is $26.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The company has a market cap of $193.74 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T’s dividend payout ratio is 36.39%.

AT&T News Roundup

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

• Positive Sentiment: Management has publicly pitched a roughly $250 billion multi-year investment to expand fiber, 5G and other infrastructure to position AT&T as essential AI connectivity — a strategic shift that could drive higher enterprise revenue and long-term differentiation. Meet the executive behind AT&T’s $250 billion bid to become essential AI infrastructure
• Positive Sentiment: AT&T launched revamped “Unlimited Your Way” wireless plans (including a new entry-level Value 2.0) aimed at improving value/churn vs. competitors — a near-term subscriber and ARPU benefit if adoption is strong. AT&T Launches New Wireless Plans – Giving Customers More Value
• Positive Sentiment: Analysts have recently turned more constructive: Arete upgraded AT&T (to Neutral) and set a $28 target, and Oppenheimer issued a positive forecast — supporting the case that operational tailwinds (copper switch-off, fiber build) are improving the outlook. Arete Upgrades AT&T (T) on Copper Switch-Off, Sets $28 Price Target
• Positive Sentiment: Management reiterated aggressive fiber expansion targets (plans to reach many millions of locations by 2030), aligning capex with higher-margin broadband and enterprise demand tied to AI workloads. This supports medium-term revenue and margin improvement if execution stays on track. AT&T Inc. (T) Plans Major Fiber Expansion to 60 Million Locations by 2030
• Neutral Sentiment: AT&T completed a CAD-denominated long-term debt offering (CAD$1.25B), which shows access to financing but also increases leverage and future interest obligations; context depends on mix of debt vs. equity and capex pacing. AT&T Completes CAD-Denominated Long-Term Debt Offering
• Neutral Sentiment: Community and CSR activity (e.g., Connected Learning Center grants) is supportive for brand/regulatory goodwill but unlikely to move the stock materially in the short term. AT&T awards Connected Learning Center to Boys & Girls Club of Valdosta
• Negative Sentiment: Some analysts and commentators warn of short-term pullbacks (“sell the rip” narratives) and point to near-term margin pressure from heavy capex and hiring; past sessions showed volatility when investors digest the size/timing of the $250B plan. AT&T: Sell The Rip

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.