AE Wealth Management LLC Reduces Position in AT&T Inc. $T

Key Points

• AE Wealth Management LLC cut its AT&T stake by 6.5% in Q4, selling 130,964 shares and now holds 1,875,803 shares valued at about $46.6 million.
• Wall Street sentiment is a consensus "Moderate Buy" with an average price target of $30.74, and multiple firms issuing Buy/Outperform ratings on the stock.
• AT&T beat Q4 estimates with $0.52 EPS (vs. $0.46) and $33.47B revenue, set FY2026 guidance of $2.25–$2.35 EPS, and declared a quarterly dividend of $0.2775 (4.2% yield; ex-dividend April 10).

AE Wealth Management LLC lessened its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,875,803 shares of the technology company's stock after selling 130,964 shares during the quarter. AE Wealth Management LLC's holdings in AT&T were worth $46,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of T. Mountain Hill Investment Partners Corp. boosted its stake in shares of AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company's stock worth $25,000 after acquiring an additional 702 shares during the last quarter. GGM Financials LLC purchased a new position in shares of AT&T during the 3rd quarter valued at $25,000. OFI Invest Asset Management lifted its stake in shares of AT&T by 84.2% during the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company's stock valued at $27,000 after buying an additional 496,804 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of AT&T during the 4th quarter valued at $29,000. Finally, Cloud Capital Management LLC purchased a new position in shares of AT&T during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on T. Sanford C. Bernstein lowered their target price on shares of AT&T from $31.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. Scotiabank boosted their price target on shares of AT&T from $31.00 to $31.50 and gave the stock a "sector perform" rating in a research note on Wednesday, April 1st. UBS Group reiterated a "buy" rating on shares of AT&T in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $31.00 price target on shares of AT&T in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.74.

Key Stories Impacting AT&T

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

• Positive Sentiment: Morgan Stanley initiated coverage with an "Overweight" rating and $30 price target, signaling institutional confidence and providing upside vs. the current price. Tickerreport: Morgan Stanley Overweight
• Positive Sentiment: Market commentary points to Communication Services leading gains today and describes AT&T’s move as either an oversold bounce or start of a new trend, which can attract momentum traders. What's Going On With AT&T Stock Thursday?
• Positive Sentiment: Analyst and screener coverage highlights AT&T as a value/contrarian pick (RSI noted below 30 and Zacks favorable style scores), which can support demand from income and value-focused investors. Top 3 Tech And Telecom Stocks That Could Blast Off
• Neutral Sentiment: Investors are awaiting Q1 results (April 22) that will reflect the new segment reporting after the Lumen and EchoStar deals — the print and management commentary on free cash flow, churn and legacy revenue trends will likely drive the next significant move. Can AT&T’s New Segment Reporting Clarify...
• Neutral Sentiment: Pre-earnings valuation previews argue AT&T may offer long-term value but short-term performance depends on how Advanced Connectivity revenue offsets legacy declines. Valuation Ahead Of First 2026 Earnings Under New Segment Structure
• Neutral Sentiment: Analyst pieces comparing AT&T to peers (e.g., Lumen) highlight different strategic bets — AT&T’s steady subscriber growth & fiber build vs. peers' AI pivots — which informs relative allocation decisions. Lumen vs. AT&T: Which Telecom Stock...
• Negative Sentiment: AT&T faces two lawsuits alleging discriminatory relocation practices targeting older workers, which pose legal, reputational and potential settlement/expense risks. Lawsuits Claim AT&T's Relocation Mandate...
• Negative Sentiment: Federal scrutiny is increasing after reports the nation's emergency cell backup network (operated by AT&T) failed in emergencies; lawmakers are seeking oversight changes that could lead to regulatory headwinds. The Nation’s Emergency Cell Network Failed...
• Negative Sentiment: Consumer reaction risk from product/plan moves: coverage of a rumored high-priced “Elite” plan raises questions about customer pushback and ARPU trade-offs. Does AT&T really think customers will pay...

AT&T Stock Up 3.6%

Shares of T stock opened at $26.39 on Friday. The stock has a market cap of $184.28 billion, a P/E ratio of 8.65, a PEG ratio of 0.93 and a beta of 0.34. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company's fifty day simple moving average is $27.92 and its two-hundred day simple moving average is $26.09.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.06. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, April 10th. AT&T's dividend payout ratio is currently 36.39%.

AT&T 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.

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