Shell Asset Management Co. Reduces Holdings in AT&T Inc. $T

NodeGuardian · 2026-02-26T07:38:33+00:00

Shell Asset Management Co. cut its AT&T stake by 53.4%, holding 72,655 shares worth $2.05 million. This follows AT&T's earnings beat and positive FY2026 outlook, with a "Moderate Buy" consensus and a target price of $29.93.

NodeGuardian

2026-02-26 07:38:33

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Shell Asset Management Co. significantly reduced its stake in AT&T Inc. by 53.4% in the third quarter, selling 83,228 shares and retaining 72,655 shares valued at approximately $2.05 million. This reduction comes as AT&T exceeded Q4 earnings estimates and provided optimistic FY2026 guidance, while maintaining a competitive dividend yield of 3.9%. Despite some institutional investors increasing their positions, analyst consensus remains a “Moderate Buy” with a target price of $29.93.

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