Ferguson Wellman Capital Management Inc. Has $39.35 Million Stake in AT&T Inc. $T

Ferguson Wellman Capital Management Inc. grew its holdings in shares of AT&T Inc. (NYSE:T) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,584,293 shares of the technology company’s stock after purchasing an additional 33,614 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in AT&T were worth $39,354,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of AT&T in the second quarter valued at approximately $2,228,655,000. Amundi increased its stake in AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after acquiring an additional 17,040,328 shares during the period. Marshall Wace LLP acquired a new position in AT&T in the 2nd quarter valued at $235,422,000. State Street Corp raised its holdings in AT&T by 2.4% in the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after acquiring an additional 7,404,376 shares in the last quarter. Finally, Woodline Partners LP lifted its position in shares of AT&T by 931.4% during the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock valued at $226,702,000 after acquiring an additional 7,249,373 shares during the period. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on T. Barclays reduced their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. The Goldman Sachs Group reduced their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Finally, Scotiabank boosted their target price on shares of AT&T from $29.50 to $31.00 and gave the company a “sector perform” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.72.

AT&T Trading Down 0.4%

T opened at $28.77 on Thursday. The company’s 50 day moving average is $26.99 and its 200-day moving average is $26.25. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The company has a market cap of $200.88 billion, a P/E ratio of 9.43, a PEG ratio of 1.08 and a beta of 0.39.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Wall Street lifts targets — Goldman Sachs and KeyBanc raised price targets and reiterated optimism tied to AT&T’s new segment reporting and converged customer momentum, which analysts say improves revenue visibility and the stock’s upside case. Article Title
• Positive Sentiment: KeyCorp boosts outlook — KeyCorp raised its price target to $36 and moved to an “overweight” rating, signaling ~25% upside vs. current levels and reinforcing the analyst-buy case. Article Title
• Positive Sentiment: Strategic AI/edge collaboration — AT&T is partnering with NVIDIA and Cisco on edge AI compute, intelligent networking and zero‑trust security for mission‑critical IoT use cases, a move that could expand enterprise edge services and high‑margin revenue over time. Article Title
• Positive Sentiment: Competitive product push — AT&T rolled out a major digital service upgrade aimed at stemming customer losses and competing with price-focused offers from rivals like T‑Mobile, which could help stabilize churn and ARPU. Article Title
• Neutral Sentiment: Marketing & event connectivity — AT&T’s TGL partnership (SoFi Center) showcases its connectivity capabilities for live events — a branding/contract win with limited near‑term revenue impact. Article Title
• Neutral Sentiment: Analyst/coverage notes and valuation checks — Several outlets are re‑examining AT&T after its YTD rally; coverage highlights steady returns but asks whether current price fully reflects fundamentals. Article Title
• Negative Sentiment: Shareholder governance proposals — New proposals ask for written‑consent rights and public EEO‑1 workforce disclosure, introducing proxy‑season governance risk and potential distraction for management. Article Title

AT&T 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.