Natixis Advisors LLC Has $555,000 Stock Holdings in TELUS Co. (NYSE:TU)

Natixis Advisors LLC decreased its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 59.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,946 shares of the Wireless communications provider's stock after selling 60,644 shares during the quarter. Natixis Advisors LLC's holdings in TELUS were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TU. Charles Schwab Investment Management Inc. grew its position in shares of TELUS by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,515,242 shares of the Wireless communications provider's stock valued at $25,447,000 after purchasing an additional 264,055 shares during the last quarter. Citigroup Inc. grew its holdings in TELUS by 15.4% in the 3rd quarter. Citigroup Inc. now owns 390,486 shares of the Wireless communications provider's stock valued at $6,558,000 after buying an additional 52,105 shares in the last quarter. Cerity Partners LLC grew its holdings in TELUS by 7.5% in the 3rd quarter. Cerity Partners LLC now owns 42,341 shares of the Wireless communications provider's stock valued at $710,000 after buying an additional 2,964 shares in the last quarter. FMR LLC increased its position in 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 buying an additional 872,235 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of TELUS by 188.7% during the third quarter. BNP Paribas Financial Markets now owns 135,825 shares of the Wireless communications provider's stock worth $2,279,000 after buying an additional 88,771 shares in the last quarter. 49.40% of the stock is owned by institutional investors.

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TELUS Price Performance

Shares of NYSE:TU traded up $0.06 during midday trading on Monday, hitting $14.35. The stock had a trading volume of 3,263,635 shares, compared to its average volume of 2,752,208. The company's 50-day moving average price is $14.87 and its 200-day moving average price is $15.17. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $17.27. 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 $21.72 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate 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 business earned $0.10 earnings per share. As a group, equities research analysts predict that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be given 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 7.89%. TELUS's dividend payout ratio is currently 226.53%.

Wall Street Analyst Weigh In

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

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.