Janus Henderson Group PLC Acquires 618,623 Shares of TELUS Co. (NYSE:TU)

Janus Henderson Group PLC boosted its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 9.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,320,442 shares of the Wireless communications provider's stock after acquiring an additional 618,623 shares during the quarter. Janus Henderson Group PLC owned 0.49% of TELUS worth $99,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Avior Wealth Management LLC raised its stake in TELUS by 1,756.0% in the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock worth $65,000 after buying an additional 4,548 shares in the last quarter. Optiver Holding B.V. bought a new position in shares of TELUS in the 4th quarter worth approximately $120,000. Blueshift Asset Management LLC purchased a new position in shares of TELUS in the 4th quarter valued at approximately $142,000. Triasima Portfolio Management inc. bought a new stake in shares of TELUS during the fourth quarter valued at approximately $146,000. Finally, Legal & General Group Plc purchased a new stake in TELUS in the fourth quarter worth $190,000. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

TELUS Stock Performance

NYSE:TU traded up $0.08 during mid-day trading on Friday, hitting $15.78. 1,957,446 shares of the company traded hands, compared to its average volume of 2,905,340. The stock's fifty day moving average price is $14.80 and its 200-day moving average price is $14.83. 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 Co. has a one year low of $13.24 and a one year high of $17.27. The firm has a market cap of $23.89 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 5.18 and a beta of 0.73.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 10th will be issued a $0.2989 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.20 annualized dividend and a yield of 7.58%. This is an increase from TELUS's previous quarterly dividend of $0.28. TELUS's dividend payout ratio is currently 234.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TU shares. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Cormark cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Canaccord Genuity Group raised their price objective on shares of TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a research note on Monday. National Bankshares reaffirmed a "sector perform" rating on shares of TELUS in a research report on Monday. Finally, Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, TELUS currently has an average rating of "Hold" and a consensus target price of $21.50.

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.