AT&T Inc. $T Shares Sold by SteelPeak Wealth LLC

Key Points

• SteelPeak cut its AT&T stake by 49% in Q4, selling 205,815 shares and retaining 214,215 shares valued at about $5.32 million, according to its SEC filing.
• Operational momentum: AT&T beat Q4 EPS and revenue expectations (EPS $0.52 vs $0.46), raised FY2026 EPS guidance to $2.25–$2.35, and declared a $0.2775 quarterly dividend (about a 3.9% yield).
• Market view and ownership: Analysts have a consensus "Moderate Buy" with a $30.74 target, and institutional investors own roughly 57.1% of the stock, with large funds like State Street and Invesco holding sizable, growing positions.

SteelPeak Wealth LLC cut its position in shares of AT&T Inc. (NYSE:T - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 214,215 shares of the technology company's stock after selling 205,815 shares during the quarter. SteelPeak Wealth LLC's holdings in AT&T were worth $5,321,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its position in shares of AT&T by 0.8% in the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company's stock worth $9,143,407,000 after buying an additional 2,704,536 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of AT&T by 0.6% in the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company's stock valued at $1,852,765,000 after purchasing an additional 370,455 shares in the last quarter. Invesco Ltd. grew its position in shares of AT&T by 8.6% in the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company's stock valued at $1,632,932,000 after purchasing an additional 4,584,316 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of AT&T by 8.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company's stock worth $1,598,697,000 after purchasing an additional 4,404,688 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of AT&T by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company's stock worth $1,371,322,000 after purchasing an additional 691,221 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Goldman Sachs highlights AT&T’s OneConnect — a simplified wireless and 1‑Gb fiber offering aimed at value-conscious new customers; analysts say it refocuses AT&T on product-led subscriber growth and could help gross adds and margins. Goldman Sachs Highlights AT&T’s OneConnect Push into Value Segment
• Positive Sentiment: Q4 earnings review ranks AT&T well vs. peers — recent quarter beat EPS and revenue estimates and management raised FY2026 EPS guidance, supporting the narrative of steady cash generation and operational improvement. Q4 Consumer Discretionary - Wireless, Cable and Satellite Earnings Review
• Positive Sentiment: Analyst consensus is constructive — the street’s average rating sits at “Moderate Buy,” which supports upside potential if execution continues and guidance holds. AT&T Inc. NYSE: T Given Average Recommendation of "Moderate Buy" by Analysts
• Positive Sentiment: Dividend appeal remains strong for income investors — coverage in income-focused outlets reiterates AT&T’s high-yield, making the stock a favored pick for dividend strategies. How much to invest in AT&T stock for $1,000 in 2026 annual dividends
• Neutral Sentiment: EchoStar/spectrum deals referenced in the market may shift competitive dynamics in satellite/spectrum access; implications for AT&T are indirect but worth monitoring for future partnering or capacity options. EchoStar (SATS) Strengthens Position with Strategic Spectrum Deals
• Negative Sentiment: Settlement uncertainty is a near-term overhang — reporting on the AT&T customer settlement (the $7,500 reference) highlights delays and customer frustration about timing and payouts; that raises concern over cash outflows, execution of the claims process, and reputational risk until resolved. Where the AT&T settlement stands as customers wonder when they’ll get their $7,500

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein reduced their target price on AT&T from $31.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, January 16th. Arete Research raised AT&T from a "sell" rating to a "neutral" rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. Weiss Ratings restated a "buy (b-)" rating on shares of AT&T in a research report on Monday, December 29th. Oppenheimer increased their price objective on AT&T from $29.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, March 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $31.00 price objective on shares of AT&T in a research report on Thursday, February 12th. One 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.74.

AT&T Stock Performance

Shares of T stock opened at $28.31 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The firm has a market capitalization of $197.72 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The company has a 50 day moving average price of $27.71 and a 200 day moving average price of $26.23.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping 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 last year, the business posted $0.43 EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, April 10th. AT&T's payout ratio is 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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