AT&T Inc. $T Shares Acquired by Prudential PLC

Prudential PLC grew its position in AT&T Inc. (NYSE:T) by 5.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 754,121 shares of the technology company’s stock after acquiring an additional 38,376 shares during the quarter. Prudential PLC’s holdings in AT&T were worth $18,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of AT&T by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares during the period. State Street Corp lifted its holdings in shares of AT&T by 0.8% during the third quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock worth $9,143,407,000 after purchasing an additional 2,704,536 shares during the period. Norges Bank acquired a new stake in shares of AT&T during the fourth quarter worth $2,181,977,000. Capital Research Global Investors lifted its holdings in shares of AT&T by 0.6% during the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after purchasing an additional 370,455 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after purchasing an additional 4,584,316 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Key AT&T News

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

• Negative Sentiment: The Supreme Court sided with the FCC in a case challenging its in-house penalty process, keeping AT&T’s $57 million fine related to customer location-data practices intact and signaling broader regulatory risk for telecom carriers. Supreme Court Upholds FCC Fine Process in AT&T and Verizon Customer Data Case
• Negative Sentiment: Investor sentiment was also pressured by a fresh analyst downgrade and renewed concern that satellite broadband competition from SpaceX and other entrants could intensify pressure on AT&T’s core wireless and home internet businesses. AT&T Shares Are Sliding: What's Driving The Action?
• Neutral Sentiment: Options activity surged, with traders buying a larger-than-normal amount of call options, suggesting some investors are positioning for a rebound despite the current pressure.
• Neutral Sentiment: AT&T also drew attention for business updates such as simplified fiber pricing, a new Disney/Pixar marketing campaign, and an expanded connected-car collaboration with LiveOne and Cisco, but these developments are not the main driver of today’s stock move.

Analyst Ratings Changes

Several equities research analysts recently weighed in on T shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Wall Street Zen downgraded AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. BNP Paribas Exane decreased their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Trading Down 3.3%

NYSE:T opened at $22.77 on Friday. The stock has a fifty day moving average price of $26.02 and a two-hundred day moving average price of $25.97. The stock has a market capitalization of $158.21 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.86 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 1 year low of $22.33 and a 1 year high of $29.79.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.9%. AT&T’s dividend payout ratio is presently 37.25%.

AT&T 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.