BG Investment Services LLC Acquires 312,333 Shares of AT&T Inc. $T

Key Points

• BG Investment Services acquired 312,333 AT&T shares in the third quarter, valued at approximately $7.6 million and representing about 1.1% of its portfolio. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65 and revenue of $32.32 billion, exceeding analyst expectations, while revenue rose 5.2% year over year. The company also declared a quarterly dividend of $0.2775, equivalent to a 5.3% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $28.55 price target, although several firms recently lowered targets. Investors remain concerned about leverage, subscriber trends, margin pressure and potential competition from SpaceX’s Starlink wireless service.

BG Investment Services LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 312,333 shares of the technology company's stock, valued at approximately $7,621,000. AT&T makes up approximately 1.1% of BG Investment Services LLC's holdings, making the stock its 24th biggest position.

A number of other hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI raised its position in AT&T by 29.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 248,923 shares of the technology company's stock valued at $6,074,000 after buying an additional 57,195 shares during the last quarter. Simplicity Wealth LLC lifted its stake in AT&T by 27.4% in the 3rd quarter. Simplicity Wealth LLC now owns 124,993 shares of the technology company's stock valued at $3,050,000 after acquiring an additional 26,891 shares in the last quarter. Madrona Financial Services LLC bought a new stake in AT&T in the 3rd quarter valued at approximately $476,000. Evergreen Capital Management LLC boosted its position in AT&T by 5.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 138,990 shares of the technology company's stock worth $3,391,000 after acquiring an additional 7,520 shares during the last quarter. Finally, Mascoma Wealth Management LLC boosted its position in AT&T by 36.3% during the 3rd quarter. Mascoma Wealth Management LLC now owns 3,721 shares of the technology company's stock worth $91,000 after acquiring an additional 991 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

NYSE T opened at $20.96 on Friday. 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's fifty day moving average price is $24.78 and its two-hundred day moving average price is $24.23. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.43. The firm has a market capitalization of $141.23 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 1.05 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last announced its quarterly 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. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm had revenue of $32.32 billion during the quarter, compared to analysts' expectations of $31.69 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 9th. AT&T's dividend payout ratio is presently 60.00%.

Wall Street Analyst Weigh In

Several brokerages have commented on T. TD Cowen reissued a "hold" rating and set a $33.00 price target on shares of AT&T in a research report on Thursday. Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. KeyCorp decreased their price objective on AT&T from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on AT&T from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Scotiabank dropped their target price on AT&T from $27.50 to $26.50 and set a "sector perform" rating on the stock in a report on Friday, October 9th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $28.55.

Key Headlines Impacting AT&T

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

About AT&T

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.