TELUS Co. (NYSE:TU) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 43.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,590 shares of the Wireless communications provider’s stock after acquiring an additional 30,769 shares during the period. Natixis Advisors LLC’s holdings in TELUS were worth $1,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TU. Fairscale Capital LLC acquired a new position in shares of TELUS in the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 954 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of TELUS during the 1st quarter valued at $58,000. Trust Co. of Vermont boosted its stake in shares of TELUS by 19.0% during the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 1,218 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of TELUS in the 2nd quarter worth $123,000. 49.40% of the stock is currently owned by institutional investors.

TELUS Stock Up 1.8 %

NYSE:TU opened at $15.48 on Tuesday. TELUS Co. has a 1-year low of $14.63 and a 1-year high of $19.14. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.19 and a beta of 0.75. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The business’s fifty day moving average price is $16.05 and its 200 day moving average price is $16.06.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.19 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that TELUS Co. will post 0.73 earnings per share for the current fiscal year.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.297 per share. This is a boost from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 7.67%. The ex-dividend date is Wednesday, December 11th. TELUS’s payout ratio is currently 244.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, TELUS has an average rating of “Hold” and an average target price of $26.00.

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.