Connor Clark & Lunn Investment Management Ltd. Boosts Stake in AT&T Inc. $T

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of AT&T Inc. (NYSE:T) by 51.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,612,790 shares of the technology company’s stock after buying an additional 886,959 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in AT&T were worth $73,785,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Csenge Advisory Group lifted its position in shares of AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after buying an additional 31,935 shares in the last quarter. Rhumbline Advisers grew its stake in AT&T by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock valued at $361,779,000 after acquiring an additional 49,727 shares during the period. Wealthfront Advisers LLC increased its holdings in AT&T by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after acquiring an additional 66,448 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in AT&T by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock worth $512,077,000 after acquiring an additional 248,567 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in AT&T by 140.8% during the third quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock worth $81,575,000 after acquiring an additional 1,689,073 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on T shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. The Goldman Sachs Group decreased their price target 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. KeyCorp reiterated an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. Finally, Scotiabank boosted their price objective on AT&T from $29.50 to $31.00 and gave the stock a “sector perform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.35.

AT&T Price Performance

AT&T stock opened at $27.13 on Thursday. 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 50-day moving average price of $26.20 and a 200 day moving average price of $26.32. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The stock has a market cap of $189.91 billion, a P/E ratio of 8.89, a PEG ratio of 1.03 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the previous year, the business posted $0.43 EPS. AT&T’s revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s payout ratio is presently 36.39%.

Key AT&T News

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

• Positive Sentiment: Large, strategic capex commitment could drive long‑term revenue and market share gains (fiber, 5G, rural satellite, resilience, security, workforce). AT&T Announces $250 Billion Commitment
• Positive Sentiment: Recent analyst upgrades and higher price targets reflect buy‑side confidence in the plan and near‑term momentum: Oppenheimer raised its target to $32 (outperform) and Scotiabank boosted its target to $31; Arete moved the stock from sell to neutral ($28 target).
• Positive Sentiment: Operational momentum: AT&T recently beat quarterly EPS estimates and set FY2026 guidance of $2.25–$2.35, supporting the thesis that underlying cash flow can help fund investment. (Company earnings release)
• Neutral Sentiment: Suppliers and partners (e.g., fiber and glass makers) stand to gain from AT&T’s buildout, which may help execution but also signals heavy vendor demand and longer supply chains. Corning reaction
• Neutral Sentiment: Media coverage outlines hiring, workforce training and public‑sector work as part of the plan — positives for execution but with uncertain near‑term cost timing. Yahoo: What $250B Could Mean
• Negative Sentiment: Near‑term investor concern about the scale and timing of $250B capex—worries over cash flow, balance‑sheet flexibility and execution—helped push the stock lower today. Zacks: Why AT&T dipped
• Negative Sentiment: Short‑term bearish commentary urging profit taking after the rally (e.g., “Sell the Rip” pieces) amplifies downside pressure for traders looking to lock in gains. Seeking Alpha: Sell The Rip

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.