AT&T Inc. $T Stock: Pinnacle Associates Ltd. Cuts Stake

Pinnacle Associates Ltd. lowered its position in AT&T Inc. (NYSE:T) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 384,890 shares of the technology company’s stock after selling 62,015 shares during the quarter. Pinnacle Associates Ltd.’s holdings in AT&T were worth $9,391,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in AT&T during the first quarter valued at about $29,000. Robinswood Financial LLC bought a new position in AT&T during the first quarter worth about $29,000. Orion Capital Management LLC bought a new position in AT&T during the second quarter worth about $26,000. Addison Advisors LLC bought a new position in AT&T during the second quarter worth about $27,000. Finally, North Point Portfolio Managers Corp OH purchased a new position in shares of AT&T in the third quarter worth about $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T reported adjusted third-quarter EPS of $0.65 and revenue of $32.32 billion, exceeding consensus estimates. Revenue increased approximately 5.2% year over year. Stock Market Today, Oct. 21: AT&T Beats Earnings on Strong Fiber Growth, Raises 2026 Profit Outlook
• Positive Sentiment: Growth was led by record Advanced Connectivity additions of 769,000, including 442,000 fiber and 327,000 fixed-wireless customers, along with 379,000 postpaid phone net additions. AT&T also added more than 1 million advanced-connectivity customers for a second consecutive quarter. T Q3 Earnings Beat Estimates on Fiber and Wireless Growth
• Positive Sentiment: Management raised its 2026 adjusted EPS outlook to approximately $2.40, maintained its long-term double-digit adjusted-earnings growth target, and plans roughly $10 billion in 2026 share repurchases. It also lowered planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion. AT&T raises 2026 earnings outlook as fibre and wireless growth accelerates
• Neutral Sentiment: AT&T CEO John Stankey downplayed the threat from SpaceX’s Starlink Mobile, saying low-Earth-orbit networks are particularly useful for rural coverage. However, investors remain concerned that satellite competition could pressure wireless subscriber growth, pricing, and promotional spending. AT&T’s CEO throws shade at Musk’s Starlink mobile ambitions
• Negative Sentiment: Reported results included a $2.6 billion noncash impairment tied to the Mexico wireless business, while net debt rose to approximately $149.8 billion following the EchoStar spectrum transaction. Management now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target during 2029, signaling slower deleveraging than some investors expected. AT&T Slides After Earnings as Investors Focus on Debt, Spending and an Impairment Charge

AT&T Price Performance

Shares of NYSE T opened at $21.95 on Thursday. 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 fifty-two week low of $19.89 and a fifty-two week high of $29.43. The stock has a market cap of $150.38 billion, a PE ratio of 7.27, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The stock has a fifty day moving average of $24.90 and a 200-day moving average of $24.29.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.33 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. AT&T’s dividend payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. KeyCorp restated an “overweight” rating and set a $36.00 price target on shares of AT&T in a research note on Wednesday, October 7th. Wells Fargo & Company raised their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. The Goldman Sachs Group set a $27.00 price objective on shares of AT&T in a report on Wednesday. Finally, Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.89.

AT&T Company Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.