Abel Hall LLC Makes New Investment in AT&T Inc. $T

Abel Hall LLC purchased a new position in AT&T Inc. (NYSE:T) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,672 shares of the technology company’s stock, valued at approximately $578,000.

Several other institutional investors have also recently made changes to their positions in the stock. Essex Bank raised its stake in AT&T by 2.5% during the 1st quarter. Essex Bank now owns 15,908 shares of the technology company’s stock worth $461,000 after acquiring an additional 385 shares during the period. Bar Harbor Wealth Management boosted its position in shares of AT&T by 1.1% in the first quarter. Bar Harbor Wealth Management now owns 35,102 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 386 shares during the period. Hibernia Wealth Partners LLC boosted its position in shares of AT&T by 4.5% in the first quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock worth $264,000 after purchasing an additional 392 shares during the period. M.E. Allison & CO. Inc. boosted its position in shares of AT&T by 0.5% in the second quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 397 shares during the period. Finally, Accredited Investors Inc. increased its stake in shares of AT&T by 3.5% in the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock worth $345,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock traded down $0.21 during mid-day trading on Monday, reaching $23.23. 31,577,704 shares of the company’s stock traded hands, compared to its average volume of 48,501,379. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average of $24.98 and a two-hundred day moving average of $24.41. The company has a market cap of $159.20 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.14 and a beta of 0.25.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

AT&T News Summary

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

• Positive Sentiment: Expanded NBA and WNBA partnership: AT&T and the leagues launched a fourth-generation High-Speed Arena Network, backed by a multiyear extension of AT&T’s role as official connectivity partner. The platform should reinforce AT&T’s enterprise and venue-networking relationships, although the direct financial impact was not disclosed. AT&T, NBA and WNBA Launch Next-Generation Network Built for the Future of Basketball
• Positive Sentiment: Bundling and service guarantees could improve retention: AT&T’s broader customer guarantees, fiber-and-wireless bundling and partnerships with sports leagues and utilities could support recurring revenue and reduce churn. Investors will likely look for evidence that these initiatives improve customer loyalty and profitability. Service Guarantees And League Deals Could Change The Case For AT&T Stock
• Positive Sentiment: Income appeal remains a support: Several market commentaries continue to identify AT&T as a potentially defensive, high-yield telecom stock, particularly for investors seeking recurring income and relatively lower volatility. 5 High-Yield Stocks to Buy Now Before Your Retirement Starts
• Neutral Sentiment: Earnings are the next major catalyst: Analysts remain focused on whether fiber growth, wireless bundling and cost control can support AT&T’s full-year EPS outlook. Recent results beat EPS expectations but slightly missed revenue estimates, making the upcoming report important for validating the recovery narrative. AT&T Is in Trump’s Portfolio. Buy Before Earnings?
• Neutral Sentiment: Leadership transition: Long-serving executive Lori M. Lee is expected to retire at the end of 2026. The announcement may create limited uncertainty, though no immediate change to strategy was indicated. Service Guarantees And League Deals Could Change The Case For AT&T Stock
• Negative Sentiment: SpaceX spectrum deal raises competitive concerns: SpaceX’s reported $8 billion spectrum transaction has pressured major telecom stocks as investors assess the potential for stronger wireless competition and pricing pressure. SpaceX’s Spectrum Deal Hits Telecom Stocks

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on T. KeyCorp restated an “overweight” rating and set a $36.00 target price on shares of AT&T in a research note on Wednesday, October 7th. TD Cowen raised their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada dropped their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.05.

About AT&T

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.