PFA Pension Forsikringsaktieselskab Takes Position in AT&T Inc. $T

Key Points

• PFA Pension acquired 5,080,607 shares of AT&T in Q4—about $126.05 million of stock, equal to roughly 0.07% of the company.
• AT&T beat quarterly EPS estimates ($0.57 vs. $0.55), set FY2026 guidance of $2.25–$2.35 EPS, and pays a quarterly dividend that annualizes to $1.11 (~4.2% yield) with a ~37% payout ratio.
• Broker and institutional sentiment is broadly positive: the stock has a "Moderate Buy" consensus with a $30.55 price target, and major funds (Vanguard, State Street, Invesco) have recently increased their stakes as institutions own ~57.1% of the shares.

PFA Pension Forsikringsaktieselskab acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,080,607 shares of the technology company's stock, valued at approximately $126,050,000. PFA Pension Forsikringsaktieselskab owned approximately 0.07% of AT&T as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of AT&T by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company's stock valued at $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp boosted its stake in shares of AT&T by 0.8% during the third quarter. State Street Corp now owns 323,775,045 shares of the technology company's stock valued at $9,143,407,000 after purchasing an additional 2,704,536 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of AT&T by 0.6% during the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company's stock valued at $1,852,765,000 after purchasing an additional 370,455 shares in the last quarter. Invesco Ltd. boosted its stake in shares of AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company's stock valued at $1,632,932,000 after purchasing an additional 4,584,316 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of AT&T by 1.4% during the third quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company's stock valued at $1,371,322,000 after purchasing an additional 691,221 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: Erste Group raised its FY2027 EPS estimate modestly (to $2.56), suggesting improving analyst models for AT&T's profitability and helping the valuation story and dividend coverage. (Research note reported April 27)
• Positive Sentiment: Broker consensus target remains above the stock: a $30.70 consensus target was reported, which supports upside vs. the current trading range and may anchor buy-side interest. Article Title
• Positive Sentiment: AT&T launched new cybersecurity (Dynamic Defense for SMBs on AT&T Business Fiber) and public-safety offerings (RapidSOS HARMONY AI on AT&T ESInet), expanding higher-margin services beyond wireless/fiber and reinforcing enterprise revenue diversification. That strategic push can support revenue mix improvements over time. Article Title
• Positive Sentiment: Zacks argues AT&T is a strong value stock based on style scores and earnings yield — a narrative that can attract value-oriented investors given AT&T’s dividend yield and low PE. Article Title
• Neutral Sentiment: Yield comparison pieces highlight income appeal (AT&T ~4.3% vs. Verizon ~6%) — useful for income investors but not a catalyst by itself; emphasis is on relative income vs. longer-term total return. Article Title
• Neutral Sentiment: Several market/sector pieces (SpaceX/chip supplier roundup, and an unrelated Lumen preview) mention broader thematic moves that don’t directly affect AT&T’s fundamentals today but shape investor risk appetite across telecom and tech. Article Title Article Title
• Negative Sentiment: Jim Cramer publicly characterized AT&T as offering income but lacking growth, a high-profile critique that can reinforce sell-side skepticism among retail investors and pressure the stock multiple. Article Title
• Negative Sentiment: Analytical pieces flag structural threats AT&T may have missed, raising concerns about competitive pressures and long-term growth headwinds — these narratives can weigh on investor confidence and valuation if they gain traction. Article Title

AT&T Price Performance

Shares of T opened at $26.15 on Friday. The company has a market cap of $181.70 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.96 and a beta of 0.23. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a 50 day moving average of $27.52 and a two-hundred day moving average of $26.05.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. AT&T's revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, April 10th. AT&T's payout ratio is presently 37.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BNP Paribas Exane dropped their price objective on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, April 23rd. Williams Trading set a $32.00 target price on shares of AT&T in a research note on Thursday, January 29th. KeyCorp raised their target price on shares of AT&T from $30.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, March 25th. Citigroup raised their target price on shares of AT&T from $29.00 to $31.50 and gave the company a "buy" rating in a research note on Monday, March 23rd. Finally, UBS Group restated a "buy" rating on shares of AT&T in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.55.

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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