TELUS Co. (NYSE:TU) Shares Bought by Lincluden Management Ltd.

Lincluden Management Ltd. boosted its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,959,730 shares of the Wireless communications provider's stock after purchasing an additional 19,196 shares during the quarter. TELUS makes up 3.2% of Lincluden Management Ltd.'s investment portfolio, making the stock its 12th biggest holding. Lincluden Management Ltd. owned approximately 0.13% of TELUS worth $26,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of TELUS by 58.0% during the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider's stock worth $67,000 after buying an additional 1,468 shares during the period. Public Sector Pension Investment Board grew its holdings in 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 acquiring an additional 1,500 shares in the last quarter. Versant Capital Management Inc increased its position in shares of TELUS by 195,100.0% in the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock valued at $26,000 after purchasing an additional 1,951 shares during 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. Finally, 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. Institutional investors and hedge funds own 49.40% of the company's stock.

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TELUS Stock Performance

TU traded down $0.06 on Friday, reaching $15.47. The company had a trading volume of 3,076,230 shares, compared to its average volume of 3,747,701. The stock has a 50-day moving average price of $14.36 and a 200-day moving average price of $15.40. The stock has a market capitalization of $23.20 billion, a PE ratio of 31.56, a P/E/G ratio of 5.18 and a beta of 0.75. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.77. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52.

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

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be given a $0.2829 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.13 annualized dividend and a yield of 7.32%. TELUS's dividend payout ratio (DPR) is 224.49%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley assumed coverage on TELUS in a research note on Monday, December 16th. They issued an "equal weight" rating on the stock. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $26.00.

About TELUS

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.