Louisbourg Investments Inc. Purchases 17,320 Shares of TELUS Co. (NYSE:TU)

Louisbourg Investments Inc. increased its holdings in TELUS Co. (NYSE:TU - Free Report) TSE: T by 121.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,610 shares of the Wireless communications provider's stock after acquiring an additional 17,320 shares during the quarter. Louisbourg Investments Inc.'s holdings in TELUS were worth $428,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Community Bank & Trust Waco Texas grew its position in TELUS by 15.4% in the 4th quarter. Community Bank & Trust Waco Texas now owns 44,909 shares of the Wireless communications provider's stock valued at $609,000 after buying an additional 5,988 shares during the last quarter. Vest Financial LLC boosted its position in shares of TELUS by 43.3% in the 4th quarter. Vest Financial LLC now owns 64,340 shares of the Wireless communications provider's stock valued at $872,000 after purchasing an additional 19,430 shares during the period. Triasima Portfolio Management inc. bought a new position in shares of TELUS in the 4th quarter valued at approximately $146,000. Tobam grew its holdings in TELUS by 38.4% in the 4th quarter. Tobam now owns 81,001 shares of the Wireless communications provider's stock valued at $1,098,000 after buying an additional 22,486 shares during the last quarter. Finally, Leo Wealth LLC acquired a new stake in TELUS in the 4th quarter valued at approximately $279,000. 49.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley began coverage on TELUS in a research report on Monday, December 16th. They set an "equal weight" rating on the stock. Finally, Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, TELUS presently has an average rating of "Hold" and an average target price of $26.00.

TELUS Trading Up 0.9 %

Shares of TELUS stock traded up $0.14 during trading on Friday, reaching $15.39. 3,463,820 shares of the stock were exchanged, compared to its average volume of 3,797,593. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. The stock's fifty day moving average is $14.21 and its 200 day moving average is $15.45. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $18.16.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business posted $0.10 earnings per share. As a group, equities research analysts expect that TELUS Co. will post 0.72 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 7.35%. TELUS's payout ratio is 242.56%.

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.