Sanctuary Advisors LLC Buys Shares of 35,092 TELUS Co. (NYSE:TU)

Sanctuary Advisors LLC purchased a new position in TELUS Co. (NYSE:TU) (TSE:T) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,092 shares of the Wireless communications provider’s stock, valued at approximately $512,000.

A number of other institutional investors also recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of TELUS by 195,100.0% during the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 1,951 shares during the period. Avior Wealth Management LLC lifted its stake in shares of TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 4,548 shares during the period. Triasima Portfolio Management inc. purchased a new position in shares of TELUS during the 4th quarter worth $146,000. Private Advisor Group LLC acquired a new stake in shares of TELUS during the third quarter worth $187,000. Finally, Orion Portfolio Solutions LLC grew its position in shares of TELUS by 25.6% in the third quarter. Orion Portfolio Solutions LLC now owns 15,270 shares of the Wireless communications provider’s stock valued at $256,000 after purchasing an additional 3,110 shares during the period. 49.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Finally, Morgan Stanley started coverage on shares of TELUS in a research report on Monday, December 16th. They issued an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.00.

TELUS Trading Down 0.4 %

Shares of TU opened at $15.47 on Friday. The stock’s fifty day simple moving average is $14.39 and its 200 day simple moving average is $15.39. TELUS Co. has a twelve month low of $13.24 and a twelve month high of $17.77. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $23.20 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 5.18 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the business posted $0.10 EPS. On average, equities research analysts forecast that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.2829 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.32%. TELUS’s dividend payout ratio (DPR) is 224.49%.

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.