Mufg Securities Canada LTD. Has $30.30 Million Stock Holdings in TELUS Co. (NYSE:TU)

Mufg Securities Canada LTD. raised its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 68.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,236,163 shares of the Wireless communications provider's stock after purchasing an additional 912,277 shares during the quarter. Mufg Securities Canada LTD. owned about 0.15% of TELUS worth $30,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Barclays PLC increased its position in TELUS by 38.5% in the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock valued at $7,839,000 after acquiring an additional 129,934 shares during the period. FMR LLC increased its holdings in shares of TELUS by 192.0% during the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock valued at $22,257,000 after purchasing an additional 872,235 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of TELUS by 132.4% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 479,785 shares of the Wireless communications provider's stock valued at $8,048,000 after purchasing an additional 273,368 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in TELUS by 13.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider's stock worth $44,785,000 after purchasing an additional 317,000 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in TELUS by 6.9% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,017,200 shares of the Wireless communications provider's stock valued at $13,785,000 after buying an additional 65,940 shares in the last quarter. Institutional investors own 49.40% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research firms have commented on TU. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. National Bank Financial lowered TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Morgan Stanley initiated coverage on TELUS in a report on Monday, December 16th. They issued an "equal weight" rating for the company. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

TELUS Price Performance

NYSE:TU traded down $0.02 during trading hours on Friday, reaching $14.27. 3,138,877 shares of the company's stock were exchanged, compared to its average volume of 2,750,162. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $21.61 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. TELUS Co. has a 12 month low of $13.24 and a 12 month high of $17.27. The business's 50-day simple moving average is $14.87 and its two-hundred day simple moving average is $15.20.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same period last year, the company posted $0.10 EPS. Sell-side analysts expect that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 7.93%. TELUS's payout ratio is presently 226.53%.

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.