Allspring Global Investments Holdings LLC Purchases 424,479 Shares of AT&T Inc. $T

Key Points

• Allspring Global Investments boosted its AT&T stake by 41.3% in Q1, buying 424,479 shares and bringing its total holdings to 1,452,233 shares worth about $41.1 million.
• Institutional ownership remains high, with 57.10% of AT&T stock held by institutions, and other hedge funds also recently added new positions in the company.
• Analysts remain mixed but generally constructive: the consensus rating is “Moderate Buy” with an average target price of $29.34, while recent reports included both target cuts and upgrades.

Allspring Global Investments Holdings LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 41.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,452,233 shares of the technology company's stock after buying an additional 424,479 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in AT&T were worth $41,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fairway Wealth LLC purchased a new position in shares of AT&T in the first quarter worth about $29,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the 4th quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the 4th quarter worth approximately $26,000. Finally, Blueline Advisors LLC purchased a new position in AT&T in the 4th quarter worth approximately $26,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BNP Paribas Exane lowered their price objective on AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. KeyCorp lifted 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. Scotiabank lowered their price target on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Finally, Barclays dropped their price target on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.34.

Trending Headlines about AT&T

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. NYSE: T Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

AT&T Stock Performance

Shares of T stock opened at $21.79 on Monday. The firm has a market capitalization of $151.38 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 0.86 and a beta of 0.24. The stock has a fifty day moving average of $22.98 and a 200 day moving average of $25.30. AT&T Inc. has a 52 week low of $19.89 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.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the previous year, the firm earned $0.51 EPS. The company's quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts expect that AT&T Inc. will post 2.32 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. 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.

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