Engineers Gate Manager LP Makes New $4.89 Million Investment in AT&T Inc. $T

Key Points

• Engineers Gate Manager LP acquired 236,493 AT&T shares worth approximately $4.89 million in the second quarter. Institutional investors collectively own 57.1% of the company.
• AT&T recently beat quarterly earnings expectations, reporting $0.65 per share versus the $0.59 consensus, while revenue rose 2.3% year over year to $31.56 billion.
• The company pays a quarterly dividend of $0.2775, equivalent to a 4.3% annualized yield; analysts maintain a consensus “Moderate Buy” rating with an average price target of $29.19.

Engineers Gate Manager LP bought a new position in AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 236,493 shares of the technology company's stock, valued at approximately $4,895,000.

Other large investors have also recently modified their holdings of the company. Safe Harbor Fiduciary LLC bought a new position in AT&T during the 4th quarter worth $25,000. Blueline Advisors LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $26,000. Winnow Wealth LLC grew its position in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after buying an additional 820 shares during the period. Orion Capital Management LLC acquired a new stake in shares of AT&T during the 2nd quarter worth approximately $26,000. Finally, Addison Advisors LLC bought a new stake in shares of AT&T in the 2nd quarter valued at $27,000. Institutional investors 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: AT&T is offering up to $1,200 off the new iPhone 18 Pro, iPhone 18 Pro Max and iPhone Duo for customers who trade in eligible devices. The promotion could support upgrades, wireless subscriber additions and customer retention, reinforcing AT&T’s position during Apple’s product launch cycle. However, the cost of handset subsidies could limit near-term margin benefits. AT&T iPhone 18 promotion
• Positive Sentiment: CEO John Stankey described SpaceX’s Starlink as complementary rather than purely threatening to AT&T. A partnership-oriented approach could help AT&T extend coverage to rural and remote areas while preserving its core wireless, fiber and enterprise-network businesses. AT&T CEO discusses Starlink
• Positive Sentiment: Recent investor commentary argues that the market may be overstating the competitive threat from Starlink. Fiber expansion, wireless-fiber convergence and stronger customer stickiness are viewed as potential long-term drivers, while AT&T’s low earnings multiple may not fully reflect those opportunities. Analysis of AT&T and Starlink competition
• Neutral Sentiment: AT&T’s presentations at industry conferences and its CEO’s comments on the new Apple iPhone Duo are keeping management’s views on wireless, fiber, cloud and network demand in focus, but the available reports do not identify a major new financial outlook change. AT&T Bank of America conference presentation
• Neutral Sentiment: The election of Fazal F. Merchant to AT&T’s board adds finance and corporate-development experience, but is unlikely to materially change the near-term investment thesis. AT&T board appointment
• Negative Sentiment: Comparison coverage of AT&T and Nokia highlights that both companies must convert AI-related telecom spending, 5G, cloud and fiber investment into sustainable growth. The discussion underscores execution and competitive risks if AT&T’s growth continues to appear modest relative to technology-sector opportunities. AT&T versus Nokia comparison

AT&T Price Performance

AT&T stock opened at $26.05 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $23.97 and a 200 day simple moving average of $25.07. The stock has a market cap of $178.48 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.29 and a beta of 0.25. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T's dividend payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on T. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. Wells Fargo & Company upped their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, July 23rd. Argus decreased their target price on AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Royal Bank Of Canada dropped their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned 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, the company has a consensus rating of "Moderate Buy" and an average price target of $29.19.

AT&T Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.

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