Stevens Capital Partners Makes New Investment in AT&T Inc. $T

Key Points

• Stevens Capital Partners initiated a $2.44 million AT&T position by purchasing 117,936 shares in the second quarter, making AT&T its 27th-largest holding. Institutional investors and hedge funds collectively own 57.1% of the stock.
• AT&T reported quarterly EPS of $0.65, above the $0.59 consensus estimate, while revenue rose 2.3% year over year to $31.56 billion. The company maintained 2026 EPS guidance of $2.25–$2.35.
• AT&T offers a quarterly dividend of $0.2775, or $1.11 annually, equating to a 4.4% yield. Analysts have a “Moderate Buy” consensus rating with an average price target of $29.19, compared with the stock’s $25.33 opening price.

Stevens Capital Partners bought a new stake in AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 117,936 shares of the technology company's stock, valued at approximately $2,441,000. AT&T accounts for about 0.5% of Stevens Capital Partners' portfolio, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Rachor Investment Advisory Services LLC bought a new position in AT&T during the 4th quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T during the fourth quarter valued at $26,000. Blueline Advisors LLC acquired a new position in shares of AT&T during the fourth quarter valued at $26,000. Finally, Winnow Wealth LLC grew its position in shares of AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after acquiring an additional 820 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $25.33 on Monday. The firm has a market capitalization of $173.57 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The stock's fifty day moving average is $22.83 and its 200-day moving average is $25.27.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during 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%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's dividend payout ratio is currently 36.75%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on T. Morgan Stanley increased their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Scotiabank dropped their price target on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a research note on Wednesday, July 15th. Barclays cut their price target on AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.19.

Key AT&T News

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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