Janus Henderson Group PLC Acquires 49,088 Shares of TELUS Co. (NYSE:TU)

Janus Henderson Group PLC increased its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,701,819 shares of the Wireless communications provider's stock after acquiring an additional 49,088 shares during the period. Janus Henderson Group PLC owned about 0.45% of TELUS worth $112,610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TU. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of TELUS by 132.4% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 479,785 shares of the Wireless communications provider's stock worth $8,048,000 after purchasing an additional 273,368 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of TELUS by 0.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 449,777 shares of the Wireless communications provider's stock worth $7,547,000 after purchasing an additional 2,196 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of TELUS by 2.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock worth $1,297,000 after purchasing an additional 1,500 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of TELUS by 188.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 135,825 shares of the Wireless communications provider's stock worth $2,279,000 after purchasing an additional 88,771 shares during the last quarter. Finally, FMR LLC increased its stake in shares of TELUS by 192.0% during the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock worth $22,257,000 after purchasing an additional 872,235 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TU shares. Scotiabank raised shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. StockNews.com downgraded shares of TELUS from a "hold" rating to a "sell" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, TELUS currently has an average rating of "Hold" and a consensus price target of $26.00.

TELUS Stock Up 0.4 %

NYSE TU traded up $0.07 on Thursday, hitting $15.76. 3,193,551 shares of the company were exchanged, compared to its average volume of 2,330,373. The company has a market cap of $23.64 billion, a PE ratio of 33.53, a PEG ratio of 2.26 and a beta of 0.73. TELUS Co. has a 12 month low of $14.63 and a 12 month high of $19.14. The stock has a fifty day moving average of $15.86 and a 200-day moving average of $16.01. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50.

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

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a dividend of $0.297 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This is a positive change from TELUS's previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a yield of 7.54%. TELUS's dividend payout ratio is currently 253.19%.

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.