Triasima Portfolio Management inc. Has $14.05 Million Position in TELUS Co. (NYSE:TU)

Triasima Portfolio Management inc. raised its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 1,824.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 788,077 shares of the Wireless communications provider's stock after buying an additional 747,120 shares during the quarter. TELUS accounts for about 1.2% of Triasima Portfolio Management inc.'s holdings, making the stock its 27th biggest position. Triasima Portfolio Management inc. owned approximately 0.05% of TELUS worth $14,050,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC grew its position in TELUS by 80.8% in the third quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 739 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in TELUS in the fourth quarter worth approximately $33,000. CVA Family Office LLC bought a new stake in TELUS in the fourth quarter worth approximately $49,000. Captrust Financial Advisors grew its position in TELUS by 18.1% in the second quarter. Captrust Financial Advisors now owns 4,669 shares of the Wireless communications provider's stock worth $104,000 after acquiring an additional 717 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in TELUS by 125,940.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,302 shares of the Wireless communications provider's stock worth $123,000 after acquiring an additional 6,297 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of TELUS from an "overweight" rating to a "neutral" rating in a report on Thursday, January 4th. StockNews.com downgraded shares of TELUS from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th. Scotiabank reaffirmed a "sector perform" rating and set a $26.00 price objective (down from $28.00) on shares of TELUS in a report on Monday, March 25th. Finally, BMO Capital Markets decreased their price objective on shares of TELUS from $27.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.72.

TELUS Price Performance

TU stock traded down $0.33 during trading on Friday, hitting $15.85. 2,140,117 shares of the stock traded hands, compared to its average volume of 3,156,086. TELUS Co. has a one year low of $15.47 and a one year high of $21.34. The stock has a market cap of $23.39 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 1.94 and a beta of 0.72. The company has a 50 day simple moving average of $16.91 and a 200 day simple moving average of $17.28. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.35.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. TELUS had a net margin of 4.18% and a return on equity of 7.81%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same period last year, the firm posted $0.17 EPS. The firm's quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts expect that TELUS Co. will post 0.77 EPS for the current fiscal year.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a $0.2793 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from TELUS's previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.05%. TELUS's payout ratio is currently 258.14%.

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.