Natixis boosted its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 132,849 shares of the Wireless communications provider’s stock after purchasing an additional 16,947 shares during the quarter. Natixis’ holdings in TELUS were worth $4,922,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in TU. Northwestern Mutual Wealth Management Co. bought a new stake in TELUS during the 1st quarter worth approximately $54,000. Lindbrook Capital LLC bought a new stake in TELUS during the 2nd quarter worth approximately $68,000. Neuburgh Advisers LLC increased its stake in TELUS by 13.2% during the 2nd quarter. Neuburgh Advisers LLC now owns 3,152 shares of the Wireless communications provider’s stock worth $112,000 after purchasing an additional 368 shares in the last quarter. Aperio Group LLC bought a new stake in TELUS during the 2nd quarter worth approximately $116,000. Finally, Wells Fargo & Company MN boosted its position in TELUS by 8.6% during the 2nd quarter. Wells Fargo & Company MN now owns 3,956 shares of the Wireless communications provider’s stock worth $146,000 after acquiring an additional 313 shares during the last quarter. 54.42% of the stock is owned by institutional investors.
TELUS stock traded down $0.31 during mid-day trading on Friday, hitting $36.38. 13,054 shares of the company’s stock traded hands, compared to its average volume of 453,658. The firm has a 50 day simple moving average of $36.11 and a two-hundred day simple moving average of $36.63. TELUS Co. has a fifty-two week low of $32.46 and a fifty-two week high of $38.32. The stock has a market cap of $22.02 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 2.08 and a beta of 0.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.66.
TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.69 billion. TELUS had a net margin of 11.91% and a return on equity of 16.75%. On average, research analysts anticipate that TELUS Co. will post 2.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.426 per share. This is a boost from TELUS’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, September 9th. This represents a $1.70 annualized dividend and a yield of 4.68%. TELUS’s dividend payout ratio (DPR) is presently 78.97%.
TU has been the subject of a number of recent research reports. Canaccord Genuity downgraded TELUS from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Citigroup downgraded TELUS from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.00.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.
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