XTX Topco Ltd Takes $925,000 Position in TELUS Co. (NYSE:TU)

XTX Topco Ltd acquired a new position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 68,244 shares of the Wireless communications provider's stock, valued at approximately $925,000.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in TELUS by 38.5% in the 3rd 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 in the last quarter. American Century Companies Inc. grew its holdings in TELUS by 4.6% in the 4th quarter. American Century Companies Inc. now owns 119,665 shares of the Wireless communications provider's stock valued at $1,623,000 after buying an additional 5,286 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of TELUS by 6.9% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,017,200 shares of the Wireless communications provider's stock worth $13,785,000 after acquiring an additional 65,940 shares during the last quarter. Nexus Investment Management ULC raised its holdings in shares of TELUS by 1.8% during the 4th quarter. Nexus Investment Management ULC now owns 2,225,265 shares of the Wireless communications provider's stock worth $30,103,000 after acquiring an additional 38,450 shares during the period. Finally, Centre Asset Management LLC acquired a new position in shares of TELUS during the 4th quarter valued at about $6,946,000. Institutional investors and hedge funds own 49.40% of the company's stock.

TELUS Trading Up 1.6 %

Shares of NYSE TU traded up $0.24 during trading on Friday, reaching $15.00. The stock had a trading volume of 2,639,824 shares, compared to its average volume of 2,853,487. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The company has a market cap of $22.70 billion, a P/E ratio of 30.60, a PEG ratio of 5.18 and a beta of 0.70. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $17.27. The business's 50-day moving average price is $14.87 and its 200-day moving average price is $14.93.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.10 earnings per share. On average, equities research analysts predict that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TU shares. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Bank of America lowered TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Finally, Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.