Quantbot Technologies LP Has $2.62 Million Stake in TELUS Co. (NYSE:TU)

Quantbot Technologies LP raised its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 78.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,579 shares of the Wireless communications provider's stock after acquiring an additional 71,655 shares during the period. Quantbot Technologies LP's holdings in TELUS were worth $2,619,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC raised its holdings in shares of TELUS by 80.8% during the third quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 739 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in TELUS by 39.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider's stock valued at $44,000 after acquiring an additional 784 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in TELUS by 7.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,631 shares of the Wireless communications provider's stock worth $218,000 after acquiring an additional 892 shares during the period. Ingalls & Snyder LLC grew its stake in shares of TELUS by 5.8% in the fourth quarter. Ingalls & Snyder LLC now owns 18,180 shares of the Wireless communications provider's stock worth $323,000 after purchasing an additional 1,000 shares in the last quarter. Finally, First Affirmative Financial Network increased its holdings in shares of TELUS by 5.0% during the first quarter. First Affirmative Financial Network now owns 23,169 shares of the Wireless communications provider's stock valued at $371,000 after purchasing an additional 1,097 shares during the period. 49.40% of the stock is currently owned by institutional investors.

TELUS Price Performance

Shares of NYSE TU traded up $0.14 during trading on Friday, hitting $15.54. The company had a trading volume of 1,775,013 shares, compared to its average volume of 1,767,201. TELUS Co. has a 52 week low of $14.63 and a 52 week high of $19.51. The business's 50-day moving average is $15.96 and its 200 day moving average is $16.72. The company has a market cap of $22.94 billion, a P/E ratio of 39.85, a PEG ratio of 2.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.70 and a current ratio of 0.75.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its earnings results on Thursday, May 9th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. TELUS had a return on equity of 7.90% and a net margin of 3.73%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.73 billion. Equities research analysts predict that TELUS Co. will post 0.75 earnings per share for the current fiscal year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th were given a $0.282 dividend. This is an increase from TELUS's previous quarterly dividend of $0.28. This represents a $1.13 annualized dividend and a dividend yield of 7.26%. The ex-dividend date was Monday, June 10th. TELUS's dividend payout ratio (DPR) is 292.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TU. Scotiabank reaffirmed a "sector perform" rating and issued a $26.00 price target (down from $28.00) on shares of TELUS in a research note on Monday, March 25th. StockNews.com downgraded TELUS from a "hold" rating to a "sell" rating in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.72.

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.