Passumpsic Savings Bank Takes $531,000 Position in AT&T Inc. $T

Passumpsic Savings Bank bought a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,371 shares of the technology company’s stock, valued at approximately $531,000.

A number of other hedge funds have also made changes to their positions in T. Brighton Jones LLC raised its stake in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares during the period. Osterweis Capital Management Inc. increased its stake in AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after buying an additional 6,094 shares during the period. Main Street Financial Solutions LLC increased its stake in AT&T by 4.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after buying an additional 1,022 shares during the period. HUB Investment Partners LLC increased its stake in AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after buying an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after buying an additional 3,677 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on T shares. Wells Fargo & Company dropped their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Thursday, February 12th. Morgan Stanley started coverage on shares of AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Citigroup lifted their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

Shares of T stock opened at $24.05 on Monday. The firm has a market cap of $167.07 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.88 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The firm has a fifty day moving average of $26.95 and a two-hundred day moving average of $26.01.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T joined Verizon and T-Mobile in a proposed joint venture to expand coverage in rural and hard-to-reach areas, which could improve service quality and strengthen the carriers’ competitive positioning over time. US wireless carriers to launch joint venture to address rural ‘dead zones’
• Positive Sentiment: Investors are also digesting AT&T’s shareholder/analyst meeting results, including the re-election of all 10 board nominees, which signals governance stability. AT&T Announces Preliminary Results of 2026 Annual Meeting
• Neutral Sentiment: Several articles compared AT&T with Verizon, T-Mobile, and even AST SpaceMobile, reflecting ongoing investor debate about which connectivity strategy will win as the industry shifts toward fiber and satellite-enabled service. AT&T vs AST SpaceMobile: Which Connectivity Stock Should You Bet On?
• Neutral Sentiment: AT&T’s recent shareholder/analyst call transcript has drawn attention, but no major new surprise from the transcript appears to be driving the move on its own. AT&T Inc. (T) Shareholder/Analyst Call Transcript
• Negative Sentiment: Despite the strategic headlines, AT&T remains well below its recent moving averages, suggesting investors are still cautious about growth, leverage, and execution risk.

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.