Northwest & Ethical Investments L.P. Has $9.27 Million Holdings in TELUS Corporation $TU

Key Points

• Northwest & Ethical Investments L.P. increased its stake in TELUS Corporation by 28.6%, owning 645,893 shares worth approximately $9.27 million after acquiring an additional 143,542 shares in Q1.
• TELUS's quarterly earnings report revealed EPS of $0.16, missing estimates by $0.01, while revenue was up 2.2% year-over-year, totaling $3.74 billion.
• The company declared a quarterly dividend of $0.3019, increasing from the previous $0.30, representing a 7.4% dividend yield with an ex-dividend date of September 10.

Northwest & Ethical Investments L.P. boosted its position in shares of TELUS Corporation (NYSE:TU - Free Report) TSE: T by 28.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,893 shares of the Wireless communications provider's stock after purchasing an additional 143,542 shares during the period. Northwest & Ethical Investments L.P.'s holdings in TELUS were worth $9,270,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TU. Legal & General Group Plc bought a new position in TELUS during the 4th quarter valued at $190,000. Raymond James Financial Inc. bought a new position in shares of TELUS during the fourth quarter worth about $2,085,000. Barclays PLC lifted its holdings in TELUS by 21.0% in the fourth quarter. Barclays PLC now owns 565,398 shares of the Wireless communications provider's stock worth $7,667,000 after purchasing an additional 98,250 shares during the period. Guggenheim Capital LLC lifted its holdings in TELUS by 215.2% in the fourth quarter. Guggenheim Capital LLC now owns 51,535 shares of the Wireless communications provider's stock worth $699,000 after purchasing an additional 35,183 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in TELUS by 17.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 688,874 shares of the Wireless communications provider's stock worth $9,321,000 after purchasing an additional 102,321 shares during the period. 49.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TU shares. Canaccord Genuity Group upped their price objective on shares of TELUS from $20.25 to $21.50 and gave the stock a "hold" rating in a report on Monday, May 12th. National Bankshares reaffirmed a "sector perform" rating on shares of TELUS in a report on Monday, May 12th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of TELUS in a report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $21.50.

TELUS Price Performance

TELUS stock traded up $0.0350 during midday trading on Friday, hitting $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 quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.72. The stock's 50-day moving average price is $16.23 and its 200-day moving average price is $15.57. TELUS Corporation has a 12 month low of $13.24 and a 12 month high of $17.26. The company has a market capitalization of $25.29 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 4.87 and a beta of 0.73.

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

TELUS Increases Dividend

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

About TELUS

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.