Deutsche Bank AG grew its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,014,589 shares of the Wireless communications provider's stock after acquiring an additional 71,118 shares during the quarter. Deutsche Bank AG owned about 0.07% of TELUS worth $13,758,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of TU. Maryland State Retirement & Pension System increased its holdings in shares of TELUS by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock worth $1,197,000 after purchasing an additional 1,346 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of TELUS by 7.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider's stock valued at $294,000 after purchasing an additional 1,500 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its position in shares of TELUS by 9.7% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 21,492 shares of the Wireless communications provider's stock valued at $291,000 after buying an additional 1,901 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in TELUS by 3.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock worth $1,185,000 after buying an additional 2,840 shares in the last quarter. Finally, Ingalls & Snyder LLC raised its position in TELUS by 20.4% in the 4th quarter. Ingalls & Snyder LLC now owns 22,980 shares of the Wireless communications provider's stock worth $312,000 after buying an additional 3,900 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on TU shares. Cormark cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. National Bankshares reiterated a "sector perform" rating on shares of TELUS in a research note on Monday, May 12th. Bank of America downgraded TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. Canaccord Genuity Group upped their price objective on TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, TELUS presently has an average rating of "Hold" and an average price target of $21.50.
View Our Latest Research Report on TU
TELUS Stock Performance
Shares of NYSE:TU traded up $0.08 during midday trading on Wednesday, hitting $16.03. The company had a trading volume of 374,770 shares, compared to its average volume of 3,642,032. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 5.18 and a beta of 0.73. 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 fifty day moving average of $14.84 and a two-hundred day moving average of $14.82. TELUS Co. has a 12-month low of $13.24 and a 12-month high of $17.26.
TELUS Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.2989 per share. 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 dividend yield of 7.46%. The ex-dividend date of this dividend is Tuesday, June 10th. TELUS's payout ratio is presently 201.75%.
About TELUS
(
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.
Further Reading
Before you consider TELUS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TELUS wasn't on the list.
While TELUS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
