Natixis Has $9.03 Million Stock Holdings in TELUS Co. (NYSE:TU)

Natixis raised its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 665,956 shares of the Wireless communications provider's stock after purchasing an additional 115,727 shares during the quarter. Natixis' holdings in TELUS were worth $9,030,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Barclays PLC grew its position in TELUS by 38.5% during the third quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock valued at $7,839,000 after purchasing an additional 129,934 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of TELUS by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,335,660 shares of the Wireless communications provider's stock valued at $40,238,000 after buying an additional 177,953 shares during the period. Tidal Investments LLC purchased a new position in shares of TELUS during the 3rd quarter valued at $320,000. Versant Capital Management Inc increased its stake in shares of TELUS by 195,100.0% in the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 1,951 shares during the last quarter. Finally, Centre Asset Management LLC purchased a new stake in shares of TELUS during the fourth quarter worth $6,946,000. Hedge funds and other institutional investors own 49.40% of the company's stock.

TELUS Stock Down 0.4 %

TELUS stock traded down $0.06 during mid-day trading on Thursday, hitting $15.04. 1,746,222 shares of the company's stock were exchanged, compared to its average volume of 2,859,358. TELUS Co. has a 1-year low of $13.24 and a 1-year high of $17.27. The stock has a 50 day moving average of $14.87 and a two-hundred day moving average of $14.92. The stock has a market cap of $22.77 billion, a P/E ratio of 30.69, a P/E/G ratio of 5.18 and a beta of 0.70. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52.

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, beating analysts' consensus estimates of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. As a group, analysts anticipate that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th were paid a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date was Tuesday, March 11th. TELUS's payout ratio is 226.53%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America downgraded TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, TELUS presently has an average rating of "Hold".

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.