Nicola Wealth Management LTD. raised its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093,119 shares of the Wireless communications provider's stock after acquiring an additional 32,300 shares during the quarter. TELUS makes up approximately 1.6% of Nicola Wealth Management LTD.'s portfolio, making the stock its 27th biggest position. Nicola Wealth Management LTD. owned 0.07% of TELUS worth $14,823,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in TU. Raymond James & Associates increased its stake in shares of TELUS by 3.2% during the third quarter. Raymond James & Associates now owns 155,212 shares of the Wireless communications provider's stock worth $2,604,000 after buying an additional 4,822 shares during the period. Private Advisor Group LLC purchased a new stake in TELUS in the third quarter valued at approximately $187,000. International Assets Investment Management LLC acquired a new stake in TELUS during the 3rd quarter worth $265,000. Van ECK Associates Corp boosted its stake in shares of TELUS by 1.4% during the third quarter. Van ECK Associates Corp now owns 288,058 shares of the Wireless communications provider's stock worth $4,662,000 after buying an additional 3,839 shares during the period. Finally, Harvest Portfolios Group Inc. lifted its position in TELUS by 6.5% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 509,052 shares of the Wireless communications provider's stock worth $8,540,000 after acquiring an additional 31,041 shares during the period. Institutional investors and hedge funds own 49.40% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Cormark lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. National Bank Financial lowered TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. Finally, Morgan Stanley started coverage on shares of TELUS in a research note on Monday, December 16th. They set an "equal weight" rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.00.
Check Out Our Latest Report on TELUS
TELUS Trading Up 1.3 %
TU stock traded up $0.20 on Friday, hitting $15.82. 4,147,513 shares of the company were exchanged, compared to its average volume of 2,673,304. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The business's fifty day moving average is $14.54 and its two-hundred day moving average is $15.38. TELUS Co. has a twelve month low of $13.24 and a twelve month high of $17.77.
TELUS (NYSE:TU - Get Free Report) TSE: T last posted its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, research analysts forecast that TELUS Co. will post 0.71 earnings per share for the current year.
TELUS Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be issued a $0.2829 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.13 annualized dividend and a yield of 7.15%. TELUS's dividend payout ratio is currently 226.53%.
TELUS Profile
(
Free Report)
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.
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