Ascentis Wealth Management LLC Grows Position in AT&T Inc. $T

Ascentis Wealth Management LLC grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 603.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,561 shares of the technology company's stock after purchasing an additional 66,541 shares during the quarter. Ascentis Wealth Management LLC's holdings in AT&T were worth $1,606,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tsfg LLC raised its stake in shares of AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company's stock valued at $265,000 after purchasing an additional 366 shares during the period. Lifestyle Asset Management Inc. increased its position in shares of AT&T by 3.6% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock valued at $261,000 after buying an additional 368 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock worth $794,000 after buying an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock worth $556,000 after buying an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC lifted its holdings in shares of AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock worth $259,000 after buying an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T News Roundup

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

• Positive Sentiment: Valuation remains attractive. AT&T has more than doubled over three years, but its recent pullback leaves it trading at relatively inexpensive earnings and other valuation multiples. The combination of a low valuation and expected 2026 earnings growth could provide further upside. AT&T Stock Still Looks A Bargain On Earnings But Weaker On Growth
• Positive Sentiment: AT&T compares favorably with other connectivity investments. Zacks points to stronger recent performance, a cheaper valuation and a more established 2026 growth outlook than SpaceX, despite competitive pressures. AT&T vs. SpaceX: Which Connectivity Stock Has More Upside Now?
• Positive Sentiment: Open-weight artificial intelligence could improve efficiency. AT&T is adopting open AI models to reduce token costs, protect proprietary data and improve security. If successfully implemented, the strategy could lower operating expenses and support automation. Why AT&T Is Betting Big on Open-Weight AI
• Neutral Sentiment: Fundamental execution is improving but uneven. Fiber expansion, wireless gains and bundled services support growth, while the latest quarterly EPS beat estimates and revenue increased year over year. However, revenue was below consensus, leaving investors focused on whether growth can accelerate.
• Negative Sentiment: Growth risks could limit upside. Analysts note that much of AT&T’s recent investment case depends on modest growth, while high capital expenditures, substantial debt and intense competition from wireless, fiber and satellite providers could pressure returns. Should Investors Buy T Stock as Earnings Estimates Improve?
• Negative Sentiment: SpaceX’s ambitions highlight a competitive threat. Elon Musk’s projection that SpaceX could handle most internet traffic underscores the long-term risk posed by satellite connectivity, although the impact on AT&T’s core business is uncertain. Elon Musk Predicts 90% of Internet Traffic Will Flow Through His Company

AT&T Stock Performance

Shares of T opened at $24.59 on Friday. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market cap of $168.49 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.99 and a beta of 0.23. The stock has a 50-day moving average price of $22.58 and a 200-day moving average price of $25.25.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.34 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, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's payout ratio is currently 36.75%.

Analyst Ratings Changes

Several equities analysts recently commented on T shares. TD Cowen boosted their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. Oppenheimer cut shares of AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. Morgan Stanley raised their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Finally, BNP Paribas Exane reduced their price target on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

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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