MQS Management LLC Invests $609,000 in TELUS Corporation $TU

Posted by Francis Steltz on May 23rd, 2026

MQS Management LLC bought a new position in shares of TELUS Corporation (NYSE:TU – Free Report) (TSE:T) during the fourth quarter, Holdings Channel.com reports. The fund bought 46,274 shares of the Wireless communications provider’s stock, valued at approximately $609,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new position in TELUS in the 4th quarter valued at about $33,000. State of Wyoming acquired a new position in TELUS in the 2nd quarter valued at about $61,000. Employees Retirement System of Texas acquired a new position in TELUS in the 3rd quarter valued at about $64,000. Northwestern Mutual Wealth Management Co. increased its position in TELUS by 37.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 4,585 shares of the Wireless communications provider’s stock valued at $72,000 after acquiring an additional 1,241 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in TELUS by 67.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,698 shares of the Wireless communications provider’s stock valued at $140,000 after acquiring an additional 3,510 shares during the period. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Stock Performance

NYSE TU opened at $12.50 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average is $12.62 and its two-hundred day moving average is $13.23. TELUS Corporation has a 12-month low of $11.69 and a 12-month high of $16.74. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 12.20 and a beta of 0.61.

TELUS (NYSE:TU – Get Free Report) (TSE:T) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. TELUS had a return on equity of 8.29% and a net margin of 4.54%.The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Research analysts expect that TELUS Corporation will post 0.71 EPS for the current year.

TELUS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.4184 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.67 annualized dividend and a yield of 13.4%. TELUS’s payout ratio is presently 279.55%.

Analysts Set New Price Targets

TU has been the topic of several recent research reports. Weiss Ratings cut TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Scotiabank cut TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 10th. TD Securities upgraded TELUS from a “buy” rating to a “buy” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.33.

Check Out Our Latest Report on TELUS

TELUS Profile

(Free Report)

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.