XTX Topco Ltd Has $711,000 Stock Holdings in TELUS Co. (NYSE:TU)

XTX Topco Ltd boosted its holdings in shares of TELUS Co. (NYSE:TU) (TSE:T) by 249.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,981 shares of the Wireless communications provider’s stock after buying an additional 33,519 shares during the period. XTX Topco Ltd’s holdings in TELUS were worth $711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc increased its position in shares of TELUS by 3.0% during the second quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider’s stock valued at $631,310,000 after acquiring an additional 1,208,720 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of TELUS by 0.6% during the 1st quarter. 1832 Asset Management L.P. now owns 35,827,980 shares of the Wireless communications provider’s stock valued at $573,606,000 after purchasing an additional 213,385 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of TELUS by 15.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 28,705,377 shares of the Wireless communications provider’s stock worth $511,646,000 after buying an additional 3,860,487 shares during the last quarter. Vanguard Group Inc. grew its position in TELUS by 2.6% during the first quarter. Vanguard Group Inc. now owns 23,436,455 shares of the Wireless communications provider’s stock valued at $375,218,000 after buying an additional 602,440 shares during the period. Finally, Bank of Nova Scotia increased its holdings in TELUS by 5.8% during the fourth quarter. Bank of Nova Scotia now owns 22,881,520 shares of the Wireless communications provider’s stock worth $407,205,000 after buying an additional 1,250,827 shares during the last quarter. 49.40% of the stock is owned by institutional investors.

TELUS Price Performance

NYSE TU opened at $16.74 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. The company has a market cap of $24.71 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74. TELUS Co. has a 52 week low of $14.63 and a 52 week high of $19.14. The firm’s 50-day simple moving average is $16.25 and its two-hundred day simple moving average is $16.15.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. TELUS had a net margin of 3.87% and a return on equity of 8.50%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the company posted $0.14 EPS. Research analysts predict that TELUS Co. will post 0.73 earnings per share for the current year.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a $0.284 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date is Tuesday, September 10th. TELUS’s dividend payout ratio (DPR) is presently 294.87%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TU. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Canaccord Genuity Group downgraded TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.33.

TELUS 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.