Northwest & Ethical Investments L.P. Boosts Stock Position in TELUS Co. (NYSE:TU)

Northwest & Ethical Investments L.P. raised its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,777 shares of the Wireless communications provider’s stock after buying an additional 2,196 shares during the period. Northwest & Ethical Investments L.P.’s holdings in TELUS were worth $7,547,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Fairscale Capital LLC purchased a new stake in shares of TELUS during the 2nd quarter worth approximately $27,000. Blue Trust Inc. lifted its position in TELUS by 60.4% in the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 954 shares during the last quarter. Acadian Asset Management LLC acquired a new position in TELUS in the second quarter valued at $123,000. Trust Co. of Vermont grew its holdings in shares of TELUS by 19.0% during the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,218 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of TELUS during the second quarter worth about $141,000. 49.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com cut TELUS from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Canaccord Genuity Group downgraded TELUS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, TELUS currently has a consensus rating of “Hold” and an average price target of $26.00.

TELUS Stock Performance

NYSE TU opened at $15.47 on Friday. The firm has a market cap of $23.21 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.23 and a beta of 0.75. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $19.14. The business’s 50-day moving average price is $15.96 and its 200 day moving average price is $16.04. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business posted $0.19 EPS. The company’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that TELUS Co. will post 0.73 earnings per share for the current year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a $0.297 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a yield of 7.68%. The ex-dividend date is Wednesday, December 11th. TELUS’s payout ratio is currently 244.69%.

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.