NBT Bank N.A. Purchases 91,368 Shares of AT&T Inc. $T

NBT Bank N.A. acquired a new stake in AT&T Inc. (NYSE:T) in the third quarter, Holdings Channel.com reports. The fund acquired 91,368 shares of the technology company’s stock, valued at approximately $2,229,000.

A number of other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in AT&T during the 1st quarter worth about $29,000. Robinswood Financial LLC purchased a new position in AT&T during the 1st quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in AT&T during the 2nd quarter valued at about $26,000. Addison Advisors LLC acquired a new position in AT&T in the 2nd quarter valued at about $27,000. Finally, North Point Portfolio Managers Corp OH acquired a new position in AT&T in the 3rd quarter valued at about $34,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T reported third-quarter adjusted EPS of $0.65 and revenue of $32.32 billion, exceeding analyst estimates. Revenue increased roughly 5.2% year over year, supported by fiber and wireless growth. AT&T quarterly earnings results
• Positive Sentiment: Record Advanced Connectivity additions included 769,000 internet customers, 442,000 fiber additions and 379,000 postpaid phone additions. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and plans roughly $10 billion in share repurchases. AT&T third-quarter results
• Positive Sentiment: Argus reaffirmed its buy rating with a $30 price target, while JPMorgan and KeyCorp maintained positive ratings despite reducing their targets to $31 and $33, respectively. Analyst ratings
• Neutral Sentiment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 while retaining its goal of reaching more than 60 million fiber locations by 2030. The lower spending supports cash flow but could raise questions about growth investment and fiber execution. AT&T fiber spending strategy
• Negative Sentiment: Investors are concerned that debt reduction is taking longer than expected. Net debt rose following the EchoStar spectrum transaction, and management now expects to return to its targeted net-debt-to-EBITDA range in 2029. A $2.6 billion noncash impairment tied to the Mexico wireless business also weighed on sentiment. AT&T debt and impairment analysis
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is amplifying concerns about wireless subscriber growth, pricing and the need for additional customer incentives. Fiber introductory promotions are also pressuring pricing. Telecom stocks and Starlink concerns

Analyst Ratings Changes

A number of analysts have issued reports on T shares. KeyCorp cut their price target on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $26.00 to $30.00 in a research note on Monday, September 21st. JPMorgan Chase & Co. dropped their price objective on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Scotiabank cut their target price on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.55.

AT&T Trading Up 3.7%

NYSE:T opened at $22.73 on Friday. The firm has a market cap of $155.72 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25. The stock has a fifty day moving average price of $24.86 and a 200 day moving average price of $24.25. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a current ratio of 0.87, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The firm had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.69 billion. During the same period in the previous year, the firm posted $0.54 EPS. AT&T’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

AT&T 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.