Nordea Investment Management AB Has $94.65 Million Stake in AT&T Inc. $T

Key Points

• Nordea Investment Management AB increased its AT&T holding by 26.3% in Q4, buying 791,407 shares to own 3,804,842 shares valued at about $94.65 million (≈0.05% of the company).
• Citi raised its price target to $31.50 and maintained a "buy," while MarketBeat's consensus is a "Moderate Buy" with a $30.46 target, suggesting modest upside as the stock trades near $28.8 with a low PE.
• Operational outlook and risks: AT&T beat quarterly EPS estimates ($0.52 vs. $0.46) and set FY26 guidance of $2.25–2.35 EPS, and it will raise legacy unlimited plan prices in April 2026 to boost service revenue, though analysts warn a potential Starlink IPO could heighten competitive pressure.

Nordea Investment Management AB grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 26.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,804,842 shares of the technology company's stock after buying an additional 791,407 shares during the period. Nordea Investment Management AB owned approximately 0.05% of AT&T worth $94,645,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in T. Front Row Advisors LLC bought a new position in AT&T during the second quarter valued at about $25,000. Mountain Hill Investment Partners Corp. raised its holdings in AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company's stock valued at $25,000 after acquiring an additional 702 shares in the last quarter. GGM Financials LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $25,000. Cloud Capital Management LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new stake in shares of AT&T during the 2nd quarter worth approximately $32,000. 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: Citigroup raised its price target on AT&T from $29.00 to $31.50 and initiated/maintained a "buy" stance, implying roughly mid‑single‑digit upside from current levels and signaling institutional confidence. Benzinga
• Positive Sentiment: Coverage in 24/7 Wall St. frames AT&T as an attractive "boring" dividend stock in 2026 — a narrative that can attract yield‑seeking investors and push demand for the shares. Boring Pays Dividends: Why AT&T is the Hot Stock Nobody Wants to Admit They Own
• Positive Sentiment: AT&T is increasing prices for legacy unlimited wireless plans starting April 2026, which should lift near‑term service revenue and margins if churn remains controlled. AT&T Raising Prices for Legacy Unlimited Plans Starting in April 2026
• Neutral Sentiment: Media note that AT&T's relative price performance has improved but still lags benchmarks — a reminder the stock may still re-rate if broader market momentum turns favorable. AT&T shows improved relative price performance; still shy of benchmark
• Neutral Sentiment: Broader tech supply-chain news (TSMC/NVIDIA capacity constraints) is unlikely to directly affect AT&T, but it underscores macro tech dynamics that can shift investor risk appetite between high‑growth and defensive/utility‑like telecom names. The AI Gatekeeper: TSMC's Chokehold Signals Dominance
• Negative Sentiment: Seeking Alpha flags potential competitive risk from a Starlink IPO — public Starlink could intensify competitive dynamics in wireless/broadband and capex/service pricing pressure over time. Monitor disclosures and any strategic responses from AT&T. AT&T: Starlink IPO Risk

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on T shares. KeyCorp restated an "overweight" rating on shares of AT&T in a research report on Wednesday, January 21st. Arete Research raised AT&T from a "sell" rating to a "neutral" rating and set a $28.00 target price for the company in a research report on Tuesday, March 10th. Sanford C. Bernstein decreased their price target on shares of AT&T from $31.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, January 16th. UBS Group reissued a "buy" rating on shares of AT&T in a report on Thursday, January 29th. Finally, Williams Trading set a $32.00 price objective on shares of AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.46.

AT&T Stock Up 1.8%

NYSE T opened at $28.81 on Tuesday. The firm has a market cap of $201.21 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The stock's 50 day simple moving average is $26.77 and its 200 day simple moving average is $26.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

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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