TELUS Co. (NYSE:TU) Holdings Decreased by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 54.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,857,462 shares of the Wireless communications provider's stock after selling 2,201,167 shares during the quarter. TELUS comprises about 0.9% of Intact Investment Management Inc.'s holdings, making the stock its 29th biggest holding. Intact Investment Management Inc. owned about 0.12% of TELUS worth $25,181,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board grew its position in shares of TELUS by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock worth $1,297,000 after buying an additional 1,500 shares in the last quarter. Versant Capital Management Inc grew its holdings in TELUS by 195,100.0% during the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 1,951 shares in the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of TELUS by 0.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 449,777 shares of the Wireless communications provider's stock valued at $7,547,000 after purchasing an additional 2,196 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of TELUS by 3.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock worth $1,185,000 after purchasing an additional 2,840 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of TELUS by 7.5% during the third quarter. Cerity Partners LLC now owns 42,341 shares of the Wireless communications provider's stock worth $710,000 after purchasing an additional 2,964 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company's stock.

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Wall Street Analyst Weigh In

TU has been the subject of several recent analyst reports. Morgan Stanley started coverage on TELUS in a research note on Monday, December 16th. They set an "equal weight" rating for the company. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, National Bank Financial cut TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, TELUS has a consensus rating of "Hold" and an average price target of $26.00.

TELUS Price Performance

TU traded down $0.05 during midday trading on Tuesday, reaching $15.00. 3,293,913 shares of the company's stock were exchanged, compared to its average volume of 2,707,144. TELUS Co. has a 1-year low of $13.24 and a 1-year high of $17.27. The stock has a market capitalization of $22.70 billion, a PE ratio of 30.60, a P/E/G ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The business's 50-day moving average price is $14.78 and its 200 day moving average price is $15.33.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, equities analysts anticipate that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be issued a dividend of $0.2829 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.55%. TELUS's payout ratio is 226.53%.

TELUS Company 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.