Natixis Advisors LLC Boosts Stake in TELUS Corporation (NYSE:TU)

Natixis Advisors LLC increased its holdings in TELUS Corporation (NYSE:TU - Free Report) TSE: T by 49.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,181 shares of the Wireless communications provider's stock after purchasing an additional 20,235 shares during the quarter. Natixis Advisors LLC's holdings in TELUS were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in TELUS by 22.6% during the 4th quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider's stock valued at $667,840,000 after acquiring an additional 9,068,181 shares in the last quarter. Fiera Capital Corp boosted its position in TELUS by 1.2% during the 1st quarter. Fiera Capital Corp now owns 16,270,907 shares of the Wireless communications provider's stock valued at $233,606,000 after acquiring an additional 192,599 shares in the last quarter. Invesco Ltd. boosted its position in TELUS by 3.1% during the 4th quarter. Invesco Ltd. now owns 10,993,662 shares of the Wireless communications provider's stock valued at $149,074,000 after acquiring an additional 326,531 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of TELUS by 4.8% in the 4th quarter. Toronto Dominion Bank now owns 10,344,369 shares of the Wireless communications provider's stock worth $140,086,000 after purchasing an additional 475,625 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of TELUS by 9.2% in the 4th quarter. Janus Henderson Group PLC now owns 7,320,442 shares of the Wireless communications provider's stock worth $99,179,000 after purchasing an additional 618,623 shares in the last quarter. 49.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TU. National Bankshares reissued a "sector perform" rating on shares of TELUS in a research report on Monday, May 12th. Scotiabank reissued an "outperform" rating on shares of TELUS in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group boosted their price target on TELUS from $20.25 to $21.50 and gave the stock a "hold" rating in a research report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, TELUS presently has a consensus rating of "Hold" and an average target price of $21.50.

TELUS Stock Down 0.1%

NYSE TU traded down $0.02 during mid-day trading on Thursday, reaching $16.26. The stock had a trading volume of 1,176,339 shares, compared to its average volume of 3,392,235. TELUS Corporation has a 1 year low of $13.24 and a 1 year high of $17.26. The stock has a market cap of $24.79 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 4.67 and a beta of 0.73. The company has a fifty day moving average price of $16.19 and a 200 day moving average price of $15.48. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.86 and a quick ratio of 0.81.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its earnings results on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The company had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.63 billion. TELUS had a net margin of 4.67% and a return on equity of 9.10%. TELUS's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, research analysts expect that TELUS Corporation will post 0.71 earnings per share for the current year.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.3019 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.21 dividend on an annualized basis and a yield of 7.4%. This is a boost from TELUS's previous quarterly dividend of $0.30. TELUS's dividend payout ratio (DPR) is presently 263.04%.

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.