Clean Yield Group Lowers Stock Holdings in TELUS Co. (NYSE:TU)

Clean Yield Group reduced its holdings in TELUS Co. (NYSE:TU - Free Report) TSE: T by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 216,499 shares of the Wireless communications provider's stock after selling 40,411 shares during the period. Clean Yield Group's holdings in TELUS were worth $2,936,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. National Bank of Canada FI raised its stake in TELUS by 24.2% in the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider's stock valued at $438,922,000 after purchasing an additional 5,094,269 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of TELUS by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider's stock valued at $578,253,000 after buying an additional 2,365,753 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of TELUS by 9.9% in the second quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider's stock worth $252,468,000 after buying an additional 1,501,742 shares in the last quarter. FMR LLC boosted its position in TELUS by 192.0% during the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock worth $22,257,000 after acquiring an additional 872,235 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in TELUS by 5.4% during the 2nd quarter. Toronto Dominion Bank now owns 12,472,610 shares of the Wireless communications provider's stock valued at $188,835,000 after acquiring an additional 636,845 shares in the last quarter. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Trading Up 1.1 %

Shares of NYSE TU traded up $0.15 during midday trading on Monday, reaching $13.79. 2,941,474 shares of the stock were exchanged, compared to its average volume of 3,343,725. The stock has a market capitalization of $20.69 billion, a P/E ratio of 29.34, a PEG ratio of 2.10 and a beta of 0.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. The company has a 50 day simple moving average of $14.73 and a 200 day simple moving average of $15.64. TELUS Co. has a twelve month low of $13.24 and a twelve month high of $18.55.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.11. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, equities analysts expect that TELUS Co. will post 0.73 earnings per share for the current year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a $0.297 dividend. This is an increase from TELUS's previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. This represents a $1.19 annualized dividend and a dividend yield of 8.61%. TELUS's payout ratio is 240.43%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TU. StockNews.com lowered shares of TELUS from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, October 28th. Finally, Morgan Stanley initiated coverage on TELUS in a research note on Monday, December 16th. They issued an "equal weight" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.00.

TELUS Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.