Engineers Gate Manager LP Acquires Shares of 236,493 AT&T Inc. $T

Engineers Gate Manager LP purchased a new stake in shares of AT&T Inc. (NYSE:T) during the second quarter, HoldingsChannel.com reports. The firm purchased 236,493 shares of the technology company’s stock, valued at approximately $4,895,000.

Several other institutional investors and hedge funds have also recently modified their holdings of T. Cidel Asset Management Inc. grew its holdings in shares of AT&T by 7.7% during the 2nd quarter. Cidel Asset Management Inc. now owns 124,266 shares of the technology company’s stock worth $2,572,000 after acquiring an additional 8,863 shares during the period. NorthRock Partners LLC boosted its stake in AT&T by 2.1% in the 2nd quarter. NorthRock Partners LLC now owns 47,190 shares of the technology company’s stock worth $977,000 after purchasing an additional 961 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in AT&T by 3.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 328,253 shares of the technology company’s stock valued at $6,795,000 after purchasing an additional 9,874 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of AT&T by 10.0% during the second quarter. NewEdge Advisors LLC now owns 2,360,407 shares of the technology company’s stock valued at $48,861,000 after acquiring an additional 215,266 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of AT&T by 8.0% in the 2nd quarter. IFP Advisors Inc now owns 370,739 shares of the technology company’s stock worth $7,674,000 after purchasing an additional 27,322 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.19.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T is offering up to $1,200 off the new iPhone 18 Pro, iPhone 18 Pro Max and iPhone Duo for customers who trade in eligible devices. The promotion could support upgrades, wireless subscriber additions and customer retention, reinforcing AT&T’s position during Apple’s product launch cycle. However, the cost of handset subsidies could limit near-term margin benefits. AT&T iPhone 18 promotion
• Positive Sentiment: CEO John Stankey described SpaceX’s Starlink as complementary rather than purely threatening to AT&T. A partnership-oriented approach could help AT&T extend coverage to rural and remote areas while preserving its core wireless, fiber and enterprise-network businesses. AT&T CEO discusses Starlink
• Positive Sentiment: Recent investor commentary argues that the market may be overstating the competitive threat from Starlink. Fiber expansion, wireless-fiber convergence and stronger customer stickiness are viewed as potential long-term drivers, while AT&T’s low earnings multiple may not fully reflect those opportunities. Analysis of AT&T and Starlink competition
• Neutral Sentiment: AT&T’s presentations at industry conferences and its CEO’s comments on the new Apple iPhone Duo are keeping management’s views on wireless, fiber, cloud and network demand in focus, but the available reports do not identify a major new financial outlook change. AT&T Bank of America conference presentation
• Neutral Sentiment: The election of Fazal F. Merchant to AT&T’s board adds finance and corporate-development experience, but is unlikely to materially change the near-term investment thesis. AT&T board appointment
• Negative Sentiment: Comparison coverage of AT&T and Nokia highlights that both companies must convert AI-related telecom spending, 5G, cloud and fiber investment into sustainable growth. The discussion underscores execution and competitive risks if AT&T’s growth continues to appear modest relative to technology-sector opportunities. AT&T versus Nokia comparison

AT&T Stock Up 1.9%

Shares of T opened at $26.05 on Friday. 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 business has a fifty day moving average of $23.97 and a 200 day moving average of $25.07. The company has a market cap of $178.48 billion, a PE ratio of 8.62, a P/E/G ratio of 1.29 and a beta of 0.25. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’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. On average, sell-side analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

AT&T Profile

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.