Arrowstreet Capital Limited Partnership Buys 1,760,187 Shares of AT&T Inc. $T

Key Points

• Arrowstreet Capital increased its stake in AT&T by 11.7%, buying 1,760,187 shares to hold 16,858,396 shares (about 0.24% of the company) worth roughly $476.1 million.
• Analysts have a consensus rating of Moderate Buy with an average price target of $30.35, while mixed upgrades and downgrades reflect optimism about AT&T’s fiber/5G strategy but concern over funding and near-term capex for the >$250B network plan.
• AT&T beat quarterly expectations with $0.52 EPS (vs. $0.46) and $33.47B revenue, set FY2026 guidance of 2.250–2.350 EPS, and pays a $0.2775 quarterly dividend (about a 4.1% yield).

Arrowstreet Capital Limited Partnership increased its stake in AT&T Inc. (NYSE:T - Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,858,396 shares of the technology company's stock after purchasing an additional 1,760,187 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.24% of AT&T worth $476,081,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in T. Csenge Advisory Group raised its stake in AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company's stock valued at $5,346,000 after purchasing an additional 31,935 shares during the last quarter. Rhumbline Advisers grew its position in AT&T by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company's stock worth $361,779,000 after purchasing an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company's stock worth $39,848,000 after purchasing an additional 66,448 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of AT&T by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company's stock worth $512,077,000 after purchasing an additional 248,567 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of AT&T by 140.8% during the third quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company's stock valued at $81,575,000 after buying an additional 1,689,073 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on T shares. Arete Research raised AT&T from a "sell" rating to a "neutral" rating and set a $28.00 target price on the stock in a research report on Tuesday. TD Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, January 29th. Wolfe Research downgraded AT&T from an "outperform" rating to a "peer perform" rating in a research report on Monday, December 15th. Citigroup decreased their price objective on AT&T from $32.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, December 22nd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of AT&T in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average target price of $30.35.

AT&T News Roundup

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

• Positive Sentiment: Oppenheimer upgraded AT&T and raised its price target to $32, citing stronger fundamentals and upside from the network plan; this analyst endorsement supports bullish interest. Oppenheimer Issues Positive Forecast for AT&T
• Positive Sentiment: Scotiabank raised its price target to $31, adding institutional support to the view that AT&T’s strategy (fiber + 5G) can re-rate the stock. Scotiabank Boosts AT&T Price Target
• Positive Sentiment: Arete Research upgraded T to Neutral (from Sell) and set a $28 target after modeling benefits from the copper switch‑off, implying margin and cost improvements. Arete Upgrades AT&T
• Positive Sentiment: AT&T reiterated an aggressive network expansion plan (aiming at far larger fiber footprint and a multi‑year $250B+ U.S. commitment), which analysts and suppliers (e.g., Corning) view as demand positive for fiber and 5G rollout. AT&T’s US$250b Network Plan
• Neutral Sentiment: AT&T completed a CAD‑denominated long‑term debt offering (CAD$1.25B of 4.500% notes), a routine funding move that lengthens maturity profile but increases liabilities in the near term. AT&T Completes CAD Debt Offering
• Neutral Sentiment: AT&T announced local community investments (e.g., a Connected Learning Center grant) that are PR‑positive but immaterial to financials. Connected Learning Center Award
• Neutral Sentiment: Industry moves (Lumen’s pivot and fiber deals) highlight growing demand for long‑haul and metro fiber; this underscores structural tailwinds for AT&T’s fiber strategy but is an indirect dynamic. Lumen Turnaround and Fiber Deals
• Negative Sentiment: Some bearish commentary (e.g., Seeking Alpha “Sell the Rip”) warns that the recent run and headline investments could prompt near‑term profit taking and that valuation risk remains if execution slips. Sell The Rip
• Negative Sentiment: Press pieces noting the stock’s recent dip highlight investor concerns about funding the $250B plan, rising near‑term capex, and execution/hiring costs—factors that could pressure margins if not managed. Why AT&T Dipped

AT&T Stock Performance

NYSE:T opened at $27.34 on Friday. AT&T Inc. has a 12-month low of $22.95 and a 12-month 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 firm has a market capitalization of $191.40 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39. The firm has a 50-day moving average price of $26.25 and a 200 day moving average price of $26.33.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.1%. AT&T's payout ratio is currently 36.39%.

About AT&T

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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