TELUS Co. (NYSE:TU) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 27.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,380 shares of the Wireless communications provider's stock after selling 65,978 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in TELUS were worth $2,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TU. Barclays PLC lifted its holdings in shares of TELUS by 38.5% in the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock worth $7,839,000 after buying an additional 129,934 shares during the period. American Century Companies Inc. raised its holdings in shares of TELUS by 4.6% in the fourth quarter. American Century Companies Inc. now owns 119,665 shares of the Wireless communications provider's stock valued at $1,623,000 after acquiring an additional 5,286 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in TELUS by 6.9% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,017,200 shares of the Wireless communications provider's stock worth $13,785,000 after acquiring an additional 65,940 shares during the period. Nexus Investment Management ULC grew its holdings in TELUS by 1.8% during 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 acquiring an additional 38,450 shares in the last quarter. Finally, Centre Asset Management LLC purchased a new position in TELUS during the 4th quarter valued at about $6,946,000. 49.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TU has been the subject of several research reports. Cormark cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America lowered TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Finally, StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

TELUS Stock Down 1.2 %

Shares of NYSE TU traded down $0.19 during trading hours on Friday, hitting $14.86. 595,183 shares of the stock were exchanged, compared to its average volume of 3,825,334. TELUS Co. has a 12 month low of $13.24 and a 12 month high of $17.26. The firm has a fifty day moving average price of $14.86 and a 200-day moving average price of $14.91. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. The company has a market cap of $22.49 billion, a PE ratio of 30.32, a PEG ratio of 5.18 and a beta of 0.70.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, sell-side analysts expect that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were issued a $0.2829 dividend. This represents a $1.13 annualized dividend and a yield of 7.62%. The ex-dividend date of this dividend was Tuesday, March 11th. TELUS's dividend payout ratio is presently 226.53%.

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.