Rep. Cleo Fields Sells AT&T Inc. (NYSE:T) Shares

Posted by Alanna Baker on Dec 20th, 2025

AT&T logo Representative Cleo Fields (D-Louisiana) recently sold shares of AT&T Inc. (NYSE:T). In a filing disclosed on December 17th, the Representative disclosed that they had sold between $15,001 and $50,000 in AT&T stock on December 11th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

Representative Cleo Fields also recently made the following trade(s):

Purchased $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/15/2025.
Sold $1,001 – $15,000 in shares of SoundHound AI (NASDAQ:SOUN) on 12/15/2025.
Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 12/15/2025.
Sold $15,001 – $50,000 in shares of CoreWeave (NASDAQ:CRWV) on 12/11/2025.
Purchased $100,001 – $250,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 12/11/2025.
Sold $50,001 – $100,000 in shares of ARM (NASDAQ:ARM) on 12/11/2025.
Sold $50,001 – $100,000 in shares of Uber Technologies (NYSE:UBER) on 12/11/2025.
Purchased $1,001 – $15,000 in shares of IREN (NASDAQ:IREN) on 12/9/2025.
Purchased $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/9/2025.

AT&T Stock Performance

Shares of NYSE:T traded down $0.15 during midday trading on Friday, reaching $24.11. 89,729,713 shares of the company traded hands, compared to its average volume of 35,910,836. AT&T Inc. has a 12 month low of $21.38 and a 12 month high of $29.79. The firm has a market capitalization of $170.95 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 1.42 and a beta of 0.38. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The firm’s fifty day moving average price is $25.22 and its two-hundred day moving average price is $27.14.

AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. AT&T’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio is presently 36.04%.

Key Headlines Impacting AT&T

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

Positive Sentiment: AT&T gained roughly $1.3B in annual revenue via December price hikes on wireless and internet plans — a near-term revenue and cash-flow tailwind that supports dividend coverage and debt reduction. AT&T gains $1.3B annual revenue
Positive Sentiment: Investor commentary argues T is undervalued and positioned for secular growth from 5G, fiber and machine-to-machine/AI-driven demand — a fundamental bullish case that could support multiple expansion if execution continues. AT&T: The ‘Machine Economy’ Is The Real Driver
Positive Sentiment: Recent market commentary noted a modest uptick in the stock amid a weaker broader market, suggesting short-term buying interest or rotation into yield names. AT&T (T) Rises As Market Takes a Dip
Neutral Sentiment: Profile piece on AT&T’s CISO highlights executive background and cybersecurity focus — positive for corporate governance/PR but unlikely to move fundamentals on its own. AT&T exec manifested his CISO job
Neutral Sentiment: Macro market note: week-end market strength mixed with housing softness — broader sentiment could influence cyclical flows into telecom/dividend names but is not AT&T-specific.
Negative Sentiment: Goldman Sachs cut its price target on T from $33 to $29 while keeping a Buy rating — this reduces analyst-implied upside and may temper momentum among investors who track target changes. Goldman lowers price target
Negative Sentiment: Two lawmakers raised concerns about EchoStar’s deals to sell spectrum to AT&T and SpaceX — regulatory scrutiny or delays could impede AT&T’s spectrum buildout plans and add execution risk for 5G expansion. Lawmakers raise concerns about Echostar deals
Negative Sentiment: Ongoing data-breach settlement and claim deadlines (multiple state notices) keep potential legal exposure and reputational risk on the radar — possible cash settlements or litigation costs remain a downside catalyst. Were you affected by an AT&T data breach?

Hedge Funds Weigh In On AT&T

A number of institutional investors have recently bought and sold shares of T. Kingstone Capital Partners Texas LLC purchased a new position in shares of AT&T during the 2nd quarter worth approximately $5,266,758,000. Norges Bank purchased a new stake in AT&T during the second quarter worth approximately $2,228,655,000. Amundi boosted its holdings in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares in the last quarter. Vanguard Group Inc. increased its position in shares of AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of AT&T by 350.4% in the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after acquiring an additional 8,841,126 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on T shares. The Goldman Sachs Group dropped their price target on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Wells Fargo & Company reduced their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. UBS Group restated a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, Scotiabank set a $30.25 price objective on shares of AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.36.

Get Our Latest Stock Analysis on T

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana’s 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026.

Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor’s degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

About AT&T

(Get Free Report)

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.