AT&T Inc. $T Stock Position Raised by Picton Mahoney Asset Management

Key Points

• Picton Mahoney Asset Management increased its AT&T stake by 36.5%, buying an additional 64,870 shares to hold 242,694 shares (about $6.85 million) after the quarter.
• AT&T recently beat quarterly estimates (EPS $0.52 vs. $0.46; revenue $33.47B vs. $32.91B), set FY2026 guidance of $2.25–$2.35 EPS, and pays a $1.11 annualized dividend (~3.8% yield) with an average analyst rating of Moderate Buy and a $29.93 price target.
• Management is pushing into AI and open‑network (Open RAN/Cloud RAN) initiatives and accelerating fiber expansion that could improve margins and monetization, though high debt levels and intense competition remain material risks.

Picton Mahoney Asset Management grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 36.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 242,694 shares of the technology company's stock after buying an additional 64,870 shares during the quarter. Picton Mahoney Asset Management's holdings in AT&T were worth $6,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. AlphaQuest LLC raised its stake in shares of AT&T by 962.3% in the 2nd quarter. AlphaQuest LLC now owns 3,665 shares of the technology company's stock valued at $106,000 after acquiring an additional 3,320 shares in the last quarter. Optivise Advisory Services LLC lifted its holdings in AT&T by 6.9% in the 2nd quarter. Optivise Advisory Services LLC now owns 7,632 shares of the technology company's stock worth $221,000 after purchasing an additional 492 shares during the last quarter. J. W. Coons Advisors LLC bought a new stake in AT&T during the second quarter worth approximately $203,000. Finally, Crestwood Advisors Group LLC grew its holdings in AT&T by 18.5% during the second quarter. Crestwood Advisors Group LLC now owns 30,059 shares of the technology company's stock valued at $870,000 after purchasing an additional 4,689 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. Scotiabank reissued a "sector perform" rating and set a $29.50 target price on shares of AT&T in a research report on Wednesday, January 7th. Williams Trading set a $32.00 price objective on AT&T in a research report on Thursday, January 29th. TD Cowen restated a "hold" rating on shares of AT&T in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $33.00 price target on shares of AT&T in a research report on Thursday, January 29th. Finally, Arete Research set a $20.00 price objective on AT&T in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.93.

More AT&T News

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

• Positive Sentiment: AT&T is deepening its AI and open‑network push—new collaborations (H2O.ai, Geoforce, Aduna JV), participation in GSMA/Open Telco AI and OCUDU, and expanded asset‑intelligence offerings underline a strategic shift to software‑defined, AI‑driven networks that could lift margins and monetization over time. AT&T Deepens AI And Open Network Push As Valuation Gap Persists
• Positive Sentiment: Open RAN / Cloud RAN progress: AT&T continues Open RAN modernization and is running Cloud RAN tests with Ericsson—steps that reduce hardware costs and enable more flexible, software‑driven upgrades across its wireless footprint. AT&T continues Open RAN overhaul, builds on Ericsson partnership with Cloud RAN tests
• Positive Sentiment: Fiber expansion and subs growth: AT&T closed the Lumen mass‑market fiber deal ahead of schedule, adding over 1M+ subscribers and supporting management’s fiber growth narrative and longer‑term ARPU potential. This directly supports revenue visibility in broadband/fiber. What's Going On With AT&T Stock Tuesday?
• Positive Sentiment: Operational efficiency initiatives: Management touts AI efficiency gains (CEO claimed ~40% efficiency improvement at MWC) and launched a Connected AI smart manufacturing offering — both signal near‑term cost savings and new B2B revenue avenues. T Introduces Smart Manufacturing Solution
• Neutral Sentiment: Consumer product refresh ahead? Reports suggest AT&T may roll out new phone plans March 12 — could improve ARPU/churn if favorable, but details and pricing will determine impact. Report Suggests AT&T New Phone Plans for 2026 Could Arrive March 12
• Neutral Sentiment: Market/analyst attention: Multiple outlets flag AT&T as a trending stock and note ~9.5% YTD/share gains driven by wireless, fiber and AI talk—this increases investor focus but doesn’t guarantee further upside. AT&T (T) Surpasses Market Returns
• Negative Sentiment: Retail sentiment and legacy baggage: Retail forums (Reddit) continue to surface anger about past large write‑downs (~$47B), keeping parts of the investor base skeptical and possibly capping retail momentum. Reddit Is Still Furious About AT&T’s $47 Billion Loss From Six Years Ago
• Negative Sentiment: Balance‑sheet and competitive risks: Analysts repeatedly flag high debt levels and intense competition in wireless/fiber as ongoing downside risks that could limit upside or slow buybacks/dividends growth. AT&T Shares Rise 9.5% in a Year

AT&T Trading Up 1.0%

AT&T stock opened at $28.97 on Thursday. The business has a 50 day moving average price of $25.88 and a two-hundred day moving average price of $26.36. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The stock has a market cap of $202.81 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.AT&T's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 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 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were paid a $0.2775 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T's dividend payout ratio is currently 36.39%.

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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