Aviso Financial Inc. Increases Position in TELUS Corporation $TU

Key Points

• Aviso Financial Inc. increased its stake in TELUS Corporation by 11.1%, owning 374,498 shares worth approximately $5.37 million after acquiring an additional 37,518 shares in the first quarter.
• TELUS declared a quarterly dividend of $0.3019, resulting in an annual yield of 7.4%, which is an increase from the previous dividend of $0.30.
• The company's recent quarterly earnings showed a net margin of 4.67% and revenue of $3.74 billion, surpassing analysts' estimates but reporting earnings per share of $0.16, slightly below the expected $0.17.

Aviso Financial Inc. boosted its position in shares of TELUS Corporation (NYSE:TU - Free Report) TSE: T by 11.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 374,498 shares of the Wireless communications provider's stock after purchasing an additional 37,518 shares during the quarter. Aviso Financial Inc.'s holdings in TELUS were worth $5,373,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TU. Legal & General Group Plc purchased a new stake in shares of TELUS during the 4th quarter valued at about $190,000. Raymond James Financial Inc. purchased a new stake in shares of TELUS during the 4th quarter valued at about $2,085,000. Barclays PLC boosted its holdings in shares of TELUS by 21.0% during the 4th quarter. Barclays PLC now owns 565,398 shares of the Wireless communications provider's stock valued at $7,667,000 after acquiring an additional 98,250 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of TELUS by 215.2% during the 4th quarter. Guggenheim Capital LLC now owns 51,535 shares of the Wireless communications provider's stock valued at $699,000 after acquiring an additional 35,183 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of TELUS by 17.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 688,874 shares of the Wireless communications provider's stock valued at $9,321,000 after acquiring an additional 102,321 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

TELUS Stock Performance

Shares of TU traded up $0.0350 on Friday, reaching $16.5850. The company's stock had a trading volume of 2,990,996 shares, compared to its average volume of 2,984,941. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.86 and a quick ratio of 0.81. The stock has a market capitalization of $25.29 billion, a P/E ratio of 36.06, a PEG ratio of 4.87 and a beta of 0.73. The stock's 50 day simple moving average is $16.23 and its two-hundred day simple moving average is $15.57. TELUS Corporation has a 12-month low of $13.24 and a 12-month high of $17.26.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings data on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.63 billion. TELUS had a return on equity of 9.10% and a net margin of 4.67%.The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Research analysts forecast that TELUS Corporation will post 0.71 earnings per share for the current fiscal year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a $0.3019 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This is a positive change from TELUS's previous quarterly dividend of $0.30. This represents a $1.21 dividend on an annualized basis and a dividend yield of 7.3%. TELUS's payout ratio is 260.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a report on Monday, May 12th. Scotiabank reaffirmed an "outperform" rating on shares of TELUS in a report on Tuesday, July 15th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of TELUS in a report on Monday, May 12th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.50.

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.