Invesco Ltd. Purchases 326,531 Shares of TELUS Co. (NYSE:TU)

Invesco Ltd. raised its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,993,662 shares of the Wireless communications provider's stock after buying an additional 326,531 shares during the quarter. Invesco Ltd. owned about 0.73% of TELUS worth $149,074,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Mirabaud Asset Management Ltd boosted its holdings in TELUS by 7.1% in the fourth quarter. Mirabaud Asset Management Ltd now owns 60,344 shares of the Wireless communications provider's stock valued at $812,000 after purchasing an additional 3,986 shares during the last quarter. Aviva PLC boosted its holdings in TELUS by 1,461.5% in the 4th quarter. Aviva PLC now owns 294,868 shares of the Wireless communications provider's stock valued at $3,990,000 after purchasing an additional 275,984 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of TELUS during the 4th quarter worth about $1,843,000. Groupama Asset Managment lifted its holdings in shares of TELUS by 684.4% in the 4th quarter. Groupama Asset Managment now owns 66,966 shares of the Wireless communications provider's stock worth $908,000 after acquiring an additional 58,429 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in TELUS during the 4th quarter valued at about $374,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

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TELUS Stock Up 1.6 %

Shares of TU stock traded up $0.24 during trading on Thursday, reaching $15.00. The company's stock had a trading volume of 2,339,595 shares, compared to its average volume of 2,841,536. TELUS Co. has a one year low of $13.24 and a one year high of $17.27. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. The business has a fifty day moving average price of $14.85 and a 200-day moving average price of $14.97. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The firm had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same period in the previous year, the firm earned $0.10 EPS. Analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.55%. The ex-dividend date was Tuesday, March 11th. TELUS's payout ratio is presently 226.53%.

Wall Street Analysts Forecast Growth

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

TELUS Company 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.