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

Tocqueville Asset Management L.P. decreased its position in AT&T Inc. (NYSE:T) by 18.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of AT&T in the second quarter valued at about $2,228,655,000. Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the period. Marshall Wace LLP bought a new stake in shares of AT&T in the second quarter worth about $235,422,000. State Street Corp grew its stake in shares of AT&T by 2.4% in the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after purchasing an additional 7,404,376 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in AT&T by 8.6% during the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after purchasing an additional 4,584,316 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T News Summary

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on T shares. Wells Fargo & Company dropped their price objective on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, January 26th. The Goldman Sachs Group reduced their target price on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Loop Capital set a $29.00 target price on AT&T in a report on Friday, December 19th. Williams Trading set a $32.00 price target on AT&T in a research note on Thursday, January 29th. Finally, Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.35.

AT&T Stock Up 1.0%

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

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a $0.2775 dividend. 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 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.