Nicola Wealth Management LTD. Boosts Stock Position in AT&T Inc. $T

Nicola Wealth Management LTD. raised its position in shares of AT&T Inc. (NYSE:T) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 916,400 shares of the technology company’s stock after purchasing an additional 127,000 shares during the quarter. AT&T accounts for 2.1% of Nicola Wealth Management LTD.’s portfolio, making the stock its 13th largest position. Nicola Wealth Management LTD.’s holdings in AT&T were worth $22,763,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in T. GGM Financials LLC purchased a new stake in shares of AT&T in the third quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T in the fourth quarter worth about $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T in the fourth quarter worth about $26,000. OFI Invest Asset Management boosted its stake in shares of AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after buying an additional 496,804 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on T shares. BNP Paribas Exane lowered their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Williams Trading set a $32.00 target price on AT&T in a research note on Thursday, January 29th. TD Cowen restated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Morgan Stanley started coverage on AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.55.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T announced a new partnership with Lexus to bring its 5G connectivity into upcoming vehicles, a win that highlights demand for its wireless network and creates another potential growth avenue. AT&T Partners With Lexus, Here’s What You Should Know
• Positive Sentiment: The company also unveiled “Build-A-Plan,” a lower-priced, customizable wireless offering that could help AT&T attract budget-conscious customers and improve retention in a competitive market. AT&T Launches Build-A-Plan
• Positive Sentiment: AT&T is also being praised by some investors for its steady execution and value profile, with commentary pointing to solid operational discipline and compelling valuation. AT&T Gains From Steady Stagey Execution
• Positive Sentiment: Longer-term, AT&T outlined a $19 billion California fiber and wireless investment plan through 2030, reinforcing its infrastructure spending and modernization strategy. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
• Neutral Sentiment: AT&T, Verizon, and T-Mobile reportedly agreed in principle to form a joint venture to reduce mobile dead zones, which could support industry infrastructure investment but does not yet have a clear financial impact. Verizon, AT&T, and T-Mobile Form a Joint Venture to End Mobile Dead Zones Across the US
• Negative Sentiment: AT&T sued California to block requirements tied to its old copper-phone network, highlighting ongoing regulatory friction and the challenge of retiring legacy services. AT&T sues California in bid to stop offering traditional phone service
• Negative Sentiment: AT&T also faced criticism over a new prepaid admin fee and other pricing-related moves, which could weigh on sentiment if customers react negatively. AT&T is the first carrier to charge an admin fee for its prepaid plans
• Negative Sentiment: Analyst coverage after earnings notes AT&T is still down from its last report, suggesting investors remain cautious despite a recent beat on EPS and revenue. AT&T Down 4.8% Since Last Earnings Report: Can It Rebound?

AT&T Stock Performance

Shares of T stock opened at $25.29 on Monday. The company has a market capitalization of $175.74 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.92 and a beta of 0.23. The business’s 50 day moving average is $26.65 and its two-hundred day moving average is $26.01. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 2.9% on a year-over-year basis. 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. Analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T’s dividend payout ratio is currently 37.25%.

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.