Twin Tree Management LP Sells 820,887 Shares of TELUS Co. (NYSE:TU)

Twin Tree Management LP reduced its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 98.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,848 shares of the Wireless communications provider's stock after selling 820,887 shares during the period. Twin Tree Management LP's holdings in TELUS were worth $161,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in TELUS by 38.5% in the third quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock worth $7,839,000 after purchasing an additional 129,934 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in TELUS by 159.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 140,539 shares of the Wireless communications provider's stock worth $2,360,000 after purchasing an additional 86,393 shares during the last quarter. FMR LLC lifted its stake in TELUS by 192.0% in the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock worth $22,257,000 after purchasing an additional 872,235 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in TELUS by 132.4% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 479,785 shares of the Wireless communications provider's stock worth $8,048,000 after purchasing an additional 273,368 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its stake in TELUS by 13.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider's stock worth $44,785,000 after purchasing an additional 317,000 shares during the last quarter. 49.40% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

TU has been the subject of several recent research reports. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a research note on Friday. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. National Bank Financial cut shares of TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Morgan Stanley initiated coverage on shares of TELUS in a research report on Monday, December 16th. They issued an "equal weight" rating on the stock. Finally, Cormark cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $26.00.

TELUS Stock Down 4.9 %

TU traded down $0.72 during midday trading on Friday, reaching $13.94. The company's stock had a trading volume of 5,821,011 shares, compared to its average volume of 2,720,802. The firm has a market capitalization of $21.10 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 5.18 and a beta of 0.72. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27. The stock's 50-day moving average is $14.84 and its 200-day moving average is $15.30.

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, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same quarter in the prior year, the company earned $0.10 earnings per share. As a group, research analysts expect that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be paid a $0.2829 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 8.12%. TELUS's dividend payout ratio is presently 226.53%.

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.