Janus Henderson Group PLC Boosts Position in TELUS Co. (NYSE:TU)

Janus Henderson Group PLC lifted its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 9.2% in the 4th quarter, according to its most recent 13F filing with the 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 approximately 0.49% of TELUS worth $99,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of TELUS by 38.5% during the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock worth $7,839,000 after acquiring an additional 129,934 shares during the period. American Century Companies Inc. boosted its stake in TELUS by 4.6% in the 4th quarter. American Century Companies Inc. now owns 119,665 shares of the Wireless communications provider's stock worth $1,623,000 after purchasing an additional 5,286 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its stake in TELUS by 6.9% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,017,200 shares of the Wireless communications provider's stock worth $13,785,000 after purchasing an additional 65,940 shares during the period. Nexus Investment Management ULC boosted its stake in TELUS by 1.8% in the 4th quarter. Nexus Investment Management ULC now owns 2,225,265 shares of the Wireless communications provider's stock worth $30,103,000 after purchasing an additional 38,450 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its stake in TELUS by 27.4% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,091,751 shares of the Wireless communications provider's stock worth $14,795,000 after purchasing an additional 234,652 shares during the period. Institutional investors own 49.40% of the company's stock.

TELUS Trading Up 0.5%

TELUS stock traded up $0.08 during trading hours on Friday, reaching $15.78. The company had a trading volume of 1,957,446 shares, compared to its average volume of 2,914,310. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The company has a 50-day moving average price of $14.81 and a 200 day moving average price of $14.81. The firm has a market cap of $23.89 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 5.18 and a beta of 0.73. TELUS Co. has a 12-month low of $13.24 and a 12-month high of $17.27.

TELUS Increases Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on TU. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. National Bankshares reaffirmed a "sector perform" rating on shares of TELUS in a report on Monday, May 12th. Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Canaccord Genuity Group raised their price objective on TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a report on Monday, May 12th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.