Why AT&T (T) Stock Is Up Today | Quiver Quantitative

AT&T (T) is up 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is AT&T’s second-quarter earnings release, which showed better-than-expected profit, solid wireless and fiber subscriber growth, and stronger cash generation. Investors also appeared encouraged by management keeping its 2026 outlook in place while signaling a faster pace of share repurchases.

Details:

AT&T posted adjusted earnings per share of $0.65 for the quarter, ahead of the roughly $0.59 Wall Street expectation, while revenue rose 2.3% year over year to $31.6 billion.

The company added more than 1 million Advanced Connectivity customers, including 646,000 internet net adds and 432,000 postpaid phone net adds, pointing to continued momentum in fiber, fixed wireless, and wireless service.

Free cash flow improved to $4.7 billion from $4.4 billion a year earlier, which likely supported confidence in AT&T’s capital return plans and dividend capacity.

Management reiterated full-year 2026 adjusted EPS guidance of $2.25 to $2.35 and said it is accelerating repurchases this year, with about $10 billion of buybacks planned in 2026.

Sources:

AT&T Investor Relations, AT&T, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$T Hedge Fund Activity

We have seen 1,303 institutional investors add shares of $T stock to their portfolio, and 1,295 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 64,066,995 shares (+141.8%) to their portfolio in Q1 2026, for an estimated $1,841,285,436
STATE STREET CORP removed 16,284,789 shares (-4.9%) from their portfolio in Q1 2026, for an estimated $468,024,835
POINT72 ASSET MANAGEMENT, L.P. removed 12,403,764 shares (-95.1%) from their portfolio in Q1 2026, for an estimated $356,484,177
GOLDMAN SACHS GROUP INC added 11,706,183 shares (+25.6%) to their portfolio in Q1 2026, for an estimated $336,435,699
FRANKLIN RESOURCES INC added 11,316,950 shares (+135.3%) to their portfolio in Q1 2026, for an estimated $325,249,143
BLACKROCK, INC. removed 8,872,596 shares (-1.6%) from their portfolio in Q1 2026, for an estimated $254,998,409
BANK OF NEW YORK MELLON CORP added 8,197,935 shares (+12.7%) to their portfolio in Q1 2026, for an estimated $235,608,651

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$T Government Contracts

We have seen $1,075,164,991 of award payments to $T over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ENTERPRISE DATA NETWORK SERVICES CARRIER B: $395,936,101
CO: TELLY RENFROE AWARD OF NEW TASK ORDER BASE YEAR INITIAL FUNDING: $169,213,359
ESTABLISH A BROAD NETWORKING AND TELECOMMUNICATIONS SERVICE ENVIRONMENT TO MEET ITS NETWORK SERVICES (WIDE ...: $60,096,910
USCIS DATA AND VOICE SERVICES: $56,671,805
EIS TASK ORDER 693KA8-21-F-000083 - MASTER CONTRACT # GS00Q17NSD3000. VENDOR IS AT&T. FOR THE TRANSITION O...: $43,631,669

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$T Congressional Stock Trading

Members of Congress have traded $T stock 15 times in the past 6 months. Of those trades, 8 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $T stock by members of Congress over the last 6 months:

SENATOR GARY C. PETERS purchased up to $15,000 on 06/29.
REPRESENTATIVE DAVID TAYLOR has traded it 5 times. They made 4 purchases worth up to $60,000 on 06/05, 05/15, 01/29 and 1 sale worth up to $15,000 on 02/26.
REPRESENTATIVE TIM MOORE has traded it 4 times. They made 2 purchases worth up to $150,000 on 06/04, 05/18 and 2 sales worth up to $100,000 on 05/21, 01/30.
REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 04/09.
SENATOR ALAN ARMSTRONG purchased up to $50,000 on 03/27.
SENATOR JOHN FETTERMAN sold up to $15,000 on 03/27.
REPRESENTATIVE MARK ALFORD sold up to $15,000 on 03/16.
REPRESENTATIVE JULIA LETLOW sold up to $15,000 on 02/12.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$T Price Targets

Multiple analysts have issued price targets for $T recently. We have seen 12 analysts offer price targets for $T in the last 6 months, with a median target of $25.5.

Here are some recent targets:

Kannan Venkateshwar from Barclays set a target price of $24.0 on 07/08/2026
Steven Cahall from Wells Fargo set a target price of $18.0 on 07/08/2026
Maher Yaghi from Scotiabank set a target price of $19.0 on 07/07/2026
Simon Flannery from Morgan Stanley set a target price of $25.0 on 07/07/2026
Lyaysyan Sedova from Freedom Broker set a target price of $30.0 on 06/12/2026
Jonathan Atkin from RBC Capital set a target price of $31.0 on 05/20/2026
Sam McHugh from BNP Paribas set a target price of $26.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.