Trexquant Investment LP Boosts Stock Position in TELUS Co. (NYSE:TU)

Trexquant Investment LP raised its holdings in shares of TELUS Co. (NYSE:TUFree Report) (TSE:T) by 221.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,431 shares of the Wireless communications provider’s stock after purchasing an additional 34,752 shares during the quarter. Trexquant Investment LP’s holdings in TELUS were worth $897,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TU. Vanguard Group Inc. raised its stake in shares of TELUS by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 21,789,027 shares of the Wireless communications provider’s stock worth $356,033,000 after acquiring an additional 387,561 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of TELUS by 2.5% in the 3rd quarter. Bank of Nova Scotia now owns 21,630,693 shares of the Wireless communications provider’s stock worth $353,226,000 after purchasing an additional 533,306 shares in the last quarter. Scotia Capital Inc. grew its stake in TELUS by 10.2% during the 3rd quarter. Scotia Capital Inc. now owns 16,675,010 shares of the Wireless communications provider’s stock worth $272,179,000 after buying an additional 1,542,942 shares during the last quarter. Toronto Dominion Bank grew its stake in TELUS by 7.6% during the 3rd quarter. Toronto Dominion Bank now owns 15,971,196 shares of the Wireless communications provider’s stock worth $260,969,000 after buying an additional 1,126,322 shares during the last quarter. Finally, Fiera Capital Corp increased its position in TELUS by 5.6% during the 4th quarter. Fiera Capital Corp now owns 15,155,235 shares of the Wireless communications provider’s stock valued at $270,584,000 after buying an additional 800,853 shares in the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

TELUS Price Performance

NYSE:TU opened at $16.13 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.42. TELUS Co. has a 52 week low of $15.35 and a 52 week high of $19.66. The stock’s 50-day moving average price is $16.15 and its 200-day moving average price is $17.20. The stock has a market capitalization of $23.81 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 2.30 and a beta of 0.71.

TELUS (NYSE:TUGet Free Report) (TSE:T) last posted its quarterly earnings data on Thursday, May 9th. The Wireless communications provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.73 billion. TELUS had a return on equity of 7.90% and a net margin of 3.73%. As a group, equities analysts expect that TELUS Co. will post 0.76 EPS for the current fiscal year.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be issued a dividend of $0.282 per share. This represents a $1.13 annualized dividend and a yield of 6.99%. This is an increase from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, June 10th. TELUS’s dividend payout ratio (DPR) is presently 284.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TU shares. Scotiabank reiterated a “sector perform” rating and issued a $26.00 target price (down previously from $28.00) on shares of TELUS in a research report on Monday, March 25th. StockNews.com cut shares of TELUS from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Finally, BMO Capital Markets decreased their target price on shares of TELUS from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.72.

View Our Latest Stock Report on TU

TELUS Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for TELUS (NYSE:TU)

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