Plato Investment Management Ltd Increases Stake in AT&T Inc. $T

Key Points

• Plato Investment Management increased its AT&T stake by 37.3% in the second quarter, adding 72,235 shares to own 265,822 shares valued at approximately $5.47 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, above the $0.59 analyst consensus, while revenue rose 2.3% year over year to $31.56 billion. The company maintained its full-year 2026 EPS guidance of $2.25–$2.35.
• The stock offers a quarterly dividend of $0.2775, equivalent to an annualized 4.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.19, though competition, capital spending and interest-rate pressures remain risks.

Plato Investment Management Ltd increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 37.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 265,822 shares of the technology company's stock after purchasing an additional 72,235 shares during the period. Plato Investment Management Ltd's holdings in AT&T were worth $5,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its stake in AT&T by 20.7% in the second quarter. Bell Investment Advisors Inc now owns 5,412 shares of the technology company's stock worth $112,000 after purchasing an additional 930 shares during the last quarter. Simplicity Wealth LLC raised its holdings in shares of AT&T by 52.0% in the second quarter. Simplicity Wealth LLC now owns 98,102 shares of the technology company's stock worth $2,031,000 after buying an additional 33,556 shares during the period. Trivium Point Advisory LLC raised its holdings in shares of AT&T by 30.5% in the second quarter. Trivium Point Advisory LLC now owns 64,208 shares of the technology company's stock worth $1,329,000 after buying an additional 14,998 shares during the period. Continuum Advisory LLC lifted its stake in shares of AT&T by 7.5% during the 2nd quarter. Continuum Advisory LLC now owns 43,493 shares of the technology company's stock worth $900,000 after acquiring an additional 3,043 shares during the last quarter. Finally, Private Wealth Advisors LLC lifted its stake in shares of AT&T by 6.1% during the 2nd quarter. Private Wealth Advisors LLC now owns 167,813 shares of the technology company's stock worth $3,474,000 after acquiring an additional 9,639 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 0.7%

Shares of NYSE T opened at $25.33 on Friday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The firm has a market cap of $173.57 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23. The business has a fifty day simple moving average of $22.83 and a two-hundred day simple moving average of $25.27. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping 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 return on equity of 12.86% and a net margin of 16.94%.The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors 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 dividend on an annualized basis and a yield of 4.4%. AT&T's dividend payout ratio is 36.75%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. Morgan Stanley increased their target price on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note 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. Scotiabank lowered their target price on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a research note on Wednesday, July 15th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.19.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

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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