AT&T Inc. $T Stock Bought by Tectonic Advisors LLC

Key Points

• Tectonic Advisors increased its AT&T position by 13.7% in the third quarter, bringing its holdings to 695,882 shares valued at approximately $17 million. Institutional investors collectively own 57.1% of the company.
• AT&T exceeded quarterly expectations, reporting adjusted EPS of $0.65 versus the $0.60 consensus and revenue of $32.32 billion, up 5.2% year over year.
• The company’s quarterly dividend is $0.2775 per share, or $1.11 annualized, representing a 5.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $28.55, although competition from SpaceX’s potential wireless service and subscriber trends remain concerns.

Tectonic Advisors LLC grew its position in AT&T Inc. (NYSE:T - Free Report) by 13.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 695,882 shares of the technology company's stock after acquiring an additional 83,969 shares during the period. Tectonic Advisors LLC's holdings in AT&T were worth $16,980,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Winthrop Advisory Group LLC raised its holdings in AT&T by 3.2% in the 3rd quarter. Winthrop Advisory Group LLC now owns 19,115 shares of the technology company's stock worth $466,000 after purchasing an additional 585 shares during the period. Cross Staff Investments Inc boosted its position in AT&T by 3.5% during the third quarter. Cross Staff Investments Inc now owns 13,077 shares of the technology company's stock worth $319,000 after purchasing an additional 441 shares in the last quarter. Outfitters Financial LLC grew its holdings in AT&T by 14.8% in the third quarter. Outfitters Financial LLC now owns 50,620 shares of the technology company's stock valued at $1,235,000 after purchasing an additional 6,545 shares during the period. Beaumont Financial Advisors LLC grew its holdings in AT&T by 6.7% in the third quarter. Beaumont Financial Advisors LLC now owns 15,950 shares of the technology company's stock valued at $389,000 after purchasing an additional 1,001 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in AT&T by 2.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 162,489 shares of the technology company's stock valued at $3,965,000 after purchasing an additional 4,601 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T traded down $1.77 on Friday, hitting $20.96. 99,657,364 shares of the company's stock were exchanged, compared to its average volume of 47,801,004. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The company has a current ratio of 0.87, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $24.78 and a 200-day moving average price of $24.23. The stock has a market cap of $141.23 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.14 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion during the quarter, compared to analysts' expectations of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. As a group, equities analysts anticipate that AT&T Inc. will post 2.38 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, October 9th. AT&T's dividend payout ratio is currently 36.75%.

AT&T News Summary

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

• Positive Sentiment: AT&T reported third-quarter adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates of $0.60 and $31.69 billion, respectively. Revenue increased roughly 5% year over year. AT&T Stock Sinks on Subscriber and SpaceX Worries
• Positive Sentiment: Analysts continue to see long-term value in the stock. Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan maintained an Overweight rating at $31; Erste Group also modestly raised its 2026 EPS estimate to $2.35. Argus AT&T rating
• Neutral Sentiment: Citi estimates that SpaceX’s Starlink wireless service may not launch nationally until 2029 or later, but reported talks to secure access to as many as 80,000 U.S. cell sites could accelerate the competitive timeline. Starlink Is Years Away From Competing With AT&T
• Negative Sentiment: SpaceX’s potential entry as a fourth nationwide wireless carrier raised fears of greater pricing pressure, subscriber losses and higher network costs for AT&T, Verizon and T-Mobile. Tower operators benefited because SpaceX may become a major tenant, while telecom carriers sold off. AT&T Slides on SpaceX Cell-Site Talks
• Negative Sentiment: Investors also remain concerned about AT&T’s subscriber trends, elevated leverage and margin pressure. The company’s plan to reduce planned capital spending by roughly $1 billion in 2027–28 while maintaining its 2030 fiber goal may support cash flow, but introductory pricing could weigh on fiber economics. AT&T Q3 Earnings Call and Fiber Strategy

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Argus reiterated a "buy" rating and set a $30.00 target price on shares of AT&T in a research report on Thursday. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. KeyCorp dropped their price target on shares of AT&T from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.55.

AT&T Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

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