Fiera Capital Corp Has $252.47 Million Stake in TELUS Co. (NYSE:TU)

Fiera Capital Corp raised its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,670,713 shares of the Wireless communications provider's stock after buying an additional 1,501,742 shares during the period. Fiera Capital Corp owned about 1.13% of TELUS worth $252,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fairscale Capital LLC acquired a new position in TELUS in the 2nd quarter worth $27,000. Blue Trust Inc. boosted its stake in shares of TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock valued at $41,000 after buying an additional 954 shares during the last quarter. Gulf International Bank UK Ltd grew its position in shares of TELUS by 39.8% during the first quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider's stock worth $44,000 after buying an additional 784 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of TELUS in the first quarter worth $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of TELUS in the first quarter worth $71,000. Institutional investors and hedge funds own 49.40% of the company's stock.

TELUS Price Performance

Shares of TU stock traded up $0.02 during mid-day trading on Monday, hitting $16.95. 1,264,018 shares of the stock traded hands, compared to its average volume of 2,273,081. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a market cap of $25.12 billion, a price-to-earnings ratio of 43.41, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74. The company's 50-day simple moving average is $16.11 and its 200-day simple moving average is $16.17. TELUS Co. has a twelve month low of $14.63 and a twelve month high of $19.14.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.09. TELUS had a return on equity of 8.50% and a net margin of 3.87%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, equities research analysts expect that TELUS Co. will post 0.73 earnings per share for the current year.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.284 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Tuesday, September 10th. This is an increase from TELUS's previous quarterly dividend of $0.28. TELUS's dividend payout ratio is 294.88%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Canaccord Genuity Group lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 6th. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, TELUS currently has a consensus rating of "Hold" and a consensus price target of $27.33.

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.