Allspring Global Investments Holdings LLC Acquires 424,479 Shares of AT&T Inc. $T

Allspring Global Investments Holdings LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 41.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,452,233 shares of the technology company’s stock after acquiring an additional 424,479 shares during the period. Allspring Global Investments Holdings LLC’s holdings in AT&T were worth $41,113,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rachor Investment Advisory Services LLC bought a new position in AT&T during the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the fourth quarter worth $25,000. Cresta Advisors Ltd. bought a new stake in AT&T in the fourth quarter worth $26,000. Blueline Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter worth $26,000. Finally, Winnow Wealth LLC grew its stake in shares of AT&T by 362.8% in 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 owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. (NYSE:T) Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

AT&T Price Performance

Shares of NYSE:T opened at $21.79 on Monday. The firm’s 50 day moving average price is $22.98 and its 200-day moving average price is $25.30. The stock has a market capitalization of $151.38 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. AT&T Inc. has a twelve month low of $19.89 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.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same period in the prior year, the business posted $0.51 EPS. AT&T’s revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts expect that AT&T Inc. will post 2.32 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.1%. AT&T’s payout ratio is currently 37.25%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on T. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. Citigroup boosted their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Barclays lowered their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.34.

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.