Prudential PLC Raises Stock Position in AT&T Inc. $T

Prudential PLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 754,121 shares of the technology company’s stock after purchasing an additional 38,376 shares during the period. Prudential PLC’s holdings in AT&T were worth $18,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of T. Norges Bank purchased a new stake in shares of AT&T during the fourth quarter worth approximately $2,181,977,000. Amundi increased its stake in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after buying an additional 17,040,328 shares during the period. Woodline Partners LP increased its stake in shares of AT&T by 931.4% during the third quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after buying an additional 7,249,373 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of AT&T during the fourth quarter worth approximately $126,050,000. Finally, SG Americas Securities LLC increased its stake in shares of AT&T by 222.7% during the fourth quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after buying an additional 4,725,382 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley assumed coverage on shares of AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. BNP Paribas Exane cut their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. KeyCorp upped their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Finally, Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T News Roundup

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.

AT&T Stock Performance

Shares of AT&T stock opened at $22.77 on Friday. The firm has a market capitalization of $158.21 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.86 and a beta of 0.21. AT&T Inc. has a 52 week low of $22.33 and a 52 week high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $26.02 and its two-hundred day moving average is $25.97.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion during 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%.The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

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