General American Investors Co. Inc. Raises Stock Holdings in AT&T Inc. $T

General American Investors Co. Inc. lifted its stake in AT&T Inc. (NYSE:T) by 6.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 774,639 shares of the technology company’s stock after purchasing an additional 50,000 shares during the quarter. AT&T comprises about 1.5% of General American Investors Co. Inc.’s holdings, making the stock its 25th biggest position. General American Investors Co. Inc.’s holdings in AT&T were worth $22,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in T. Fairway Wealth LLC bought a new position in shares of AT&T in the first quarter worth approximately $29,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the 4th quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T during the 4th quarter valued at $25,000. Cresta Advisors Ltd. purchased a new position in shares of AT&T during the 4th quarter valued at $26,000. Finally, Blueline Advisors LLC bought a new position in AT&T in the 4th quarter worth $26,000. 57.10% of the stock is currently owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: AT&T and Ericsson demonstrated drone detection over a 5G network, highlighting new network-sensing capabilities that could support future 6G-style services and reinforce AT&T’s technology narrative. Article: The future takes flight: AT&T and Ericsson demonstrate drone detection outside of AT&T Stadium
• Positive Sentiment: AT&T was ranked #1 in customer satisfaction for small business internet service by J.D. Power, which supports the company’s competitive position in business broadband and converged connectivity. Article: AT&T Ranked #1 in Customer Satisfaction for Small Business Internet Service by JD Power
• Positive Sentiment: Recent market commentary points to investor interest in AT&T’s 5G mobility trial results and its fraud-resistant identity partnership, suggesting continued optimism around network innovation and enterprise offerings. Article: AT&T Shares Pause Friday: What's Going On? Article: How Investors May Respond To AT&T (T) Linking Fraud-Resistant Identity To Converged Small-Business Bundles
• Neutral Sentiment: AT&T disclosed $30,000 of Q2 2026 lobbying focused on cybersecurity, data-breach rules, Section 230, FISA reauthorization, and telecom policy; this is more of a policy maintenance item than a direct earnings catalyst. Article: Lobbying Update: $30,000 of AT&T SERVICES INC. lobbying was just disclosed
• Neutral Sentiment: Congressional trading data and mixed institutional ownership changes show ongoing investor attention, but the signals are not strong enough on their own to drive the stock. Article: Lobbying Update: $30,000 of AT&T SERVICES INC. lobbying was just disclosed
• Negative Sentiment: New sell-side coverage from Wells Fargo was notably cautious, with an underweight rating and an $18 price target, while other commentary from Jim Cramer also leaned bearish. Article: Jim Cramer on AT&T: “It’s Time to Sell”
• Negative Sentiment: Some recent analysis suggests AT&T could be left out of a sought-after Starlink-related deal, raising concern that the company may miss a competitive opportunity in satellite-to-phone connectivity. Article: AT&T may be left out of the Starlink deal everyone wants

AT&T Price Performance

Shares of T traded up $0.12 during midday trading on Friday, hitting $21.16. 49,762,998 shares of the company traded hands, compared to its average volume of 69,571,096. The stock has a market cap of $146.99 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.86 and a beta of 0.24. The firm has a 50 day moving average of $23.38 and a 200-day moving average of $25.40. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.2%. AT&T’s payout ratio is presently 37.25%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays cut their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday. Wells Fargo & Company started coverage on AT&T in a research report on Wednesday. They set an “underweight” rating and a $18.00 target price for the company. BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. KeyCorp boosted their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Finally, Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $29.68.

AT&T Profile

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.