Guggenheim Capital LLC raised its holdings in TELUS Co. (NYSE:TU - Free Report) TSE: T by 215.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,535 shares of the Wireless communications provider's stock after buying an additional 35,183 shares during the period. Guggenheim Capital LLC's holdings in TELUS were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in TU. Barclays PLC raised its position in TELUS by 38.5% in the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock valued at $7,839,000 after buying an additional 129,934 shares during the last quarter. Tidal Investments LLC bought a new position in shares of TELUS during the third quarter valued at about $320,000. Versant Capital Management Inc boosted its holdings in TELUS by 195,100.0% during the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 1,951 shares during the last quarter. Centre Asset Management LLC bought a new stake in TELUS in the 4th quarter worth about $6,946,000. Finally, Pacifica Partners Inc. increased its stake in TELUS by 15.0% in the 4th quarter. Pacifica Partners Inc. now owns 159,459 shares of the Wireless communications provider's stock valued at $2,170,000 after buying an additional 20,770 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.
TELUS Stock Performance
TELUS stock traded up $0.23 during trading on Wednesday, hitting $15.38. The stock had a trading volume of 2,237,301 shares, compared to its average volume of 2,856,095. The stock's 50 day moving average is $14.85 and its two-hundred day moving average is $14.88. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52.
TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, analysts predict that TELUS Co. will post 0.71 EPS for the current year.
TELUS Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th were paid a $0.2829 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 7.36%. TELUS's dividend payout ratio is 226.53%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Finally, StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, TELUS presently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on TELUS
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.
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