XTX Topco Ltd Invests $925,000 in TELUS Co. (NYSE:TU)

XTX Topco Ltd bought a new stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 68,244 shares of the Wireless communications provider's stock, valued at approximately $925,000.

Several other large investors have also modified their holdings of the business. Bank of Nova Scotia grew its stake in TELUS by 28.3% in the fourth quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock valued at $409,662,000 after purchasing an additional 6,659,564 shares during the last quarter. Vanguard Group Inc. lifted its position in TELUS by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,801,407 shares of the Wireless communications provider's stock valued at $349,841,000 after acquiring an additional 903,921 shares during the last quarter. Invesco Ltd. boosted its stake in TELUS by 3.1% in the fourth quarter. Invesco Ltd. now owns 10,993,662 shares of the Wireless communications provider's stock valued at $149,074,000 after acquiring an additional 326,531 shares in the last quarter. Norges Bank purchased a new position in TELUS in the fourth quarter worth $70,212,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its position in shares of TELUS by 5.2% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,403,521 shares of the Wireless communications provider's stock worth $46,088,000 after purchasing an additional 169,577 shares in the last quarter. Institutional investors own 49.40% of the company's stock.

TELUS Stock Performance

Shares of NYSE TU traded up $0.09 during trading on Tuesday, reaching $15.23. 563,458 shares of the company traded hands, compared to its average volume of 2,842,280. The stock has a market cap of $23.06 billion, a P/E ratio of 31.11, a PEG ratio of 5.18 and a beta of 0.70. The firm's fifty day simple moving average is $14.88 and its 200 day simple moving average is $14.92. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. TELUS Co. has a 12-month low of $13.24 and a 12-month high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. As a group, research analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.43%. The ex-dividend date was Tuesday, March 11th. TELUS's payout ratio is currently 226.53%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TU. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Six 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, the company has an average rating of "Hold".

TELUS Company 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.