TELUS Co. (NYSE:TU) Shares Acquired by Nexus Investment Management ULC

Nexus Investment Management ULC boosted its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,225,265 shares of the Wireless communications provider's stock after purchasing an additional 38,450 shares during the quarter. TELUS makes up 3.0% of Nexus Investment Management ULC's portfolio, making the stock its 14th biggest holding. Nexus Investment Management ULC owned 0.15% of TELUS worth $30,103,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TU. Versant Capital Management Inc lifted its position 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 valued at $26,000 after acquiring an additional 1,951 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of TELUS in the second quarter valued at $27,000. Blue Trust Inc. lifted its position in shares of TELUS by 58.0% in the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider's stock valued at $67,000 after acquiring an additional 1,468 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of TELUS in the second quarter valued at $123,000. Finally, Trust Co. of Vermont lifted its position in shares of TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock valued at $128,000 after acquiring an additional 1,218 shares in the last quarter. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

TELUS Trading Up 0.5 %

NYSE:TU traded up $0.07 on Friday, hitting $13.94. 2,711,209 shares of the stock were exchanged, compared to its average volume of 3,243,917. The stock has a market cap of $20.90 billion, a PE ratio of 29.65, a PEG ratio of 1.93 and a beta of 0.74. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average of $14.61 and a 200-day moving average of $15.60. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $18.55.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The firm's revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, equities analysts expect that TELUS Co. will post 0.73 earnings per share for the current fiscal year.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.297 per share. The ex-dividend date was Wednesday, December 11th. This is a positive change from TELUS's previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a yield of 8.53%. TELUS's dividend payout ratio is currently 242.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TU shares. Scotiabank upgraded TELUS from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, October 28th. National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Morgan Stanley started coverage on TELUS in a research report on Monday, December 16th. They set an "equal weight" rating on the stock. Finally, StockNews.com downgraded TELUS from a "hold" rating to a "sell" rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.00.

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.