56,296 Shares in TELUS Co. (NYSE:TU) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in TELUS Co. (NYSE:TU) (TSE:T) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 56,296 shares of the Wireless communications provider’s stock, valued at approximately $945,000.

A number of other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in TELUS by 44.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,615 shares of the Wireless communications provider’s stock worth $666,000 after buying an additional 12,826 shares during the period. Cumberland Partners Ltd increased its holdings in TELUS by 130.4% in the first quarter. Cumberland Partners Ltd now owns 56,840 shares of the Wireless communications provider’s stock valued at $910,000 after purchasing an additional 32,170 shares during the period. Vanguard Group Inc. raised its position in TELUS by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 23,436,455 shares of the Wireless communications provider’s stock worth $375,218,000 after purchasing an additional 602,440 shares during the last quarter. Bristol Gate Capital Partners Inc. lifted its holdings in TELUS by 94.4% during the 1st quarter. Bristol Gate Capital Partners Inc. now owns 47,675 shares of the Wireless communications provider’s stock worth $762,000 after buying an additional 23,153 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its position in shares of TELUS by 29.2% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 79,854 shares of the Wireless communications provider’s stock valued at $1,278,000 after buying an additional 18,049 shares during the last quarter. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Trading Down 0.6 %

Shares of TU stock opened at $15.58 on Thursday. TELUS Co. has a fifty-two week low of $14.63 and a fifty-two week high of $19.14. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.69. The stock has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $16.12. The company has a market cap of $23.24 billion, a P/E ratio of 33.14, a PEG ratio of 2.12 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. TELUS’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS. Research analysts forecast that TELUS Co. will post 0.78 earnings per share for the current year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be paid a $0.297 dividend. The ex-dividend date is Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 7.63%. TELUS’s dividend payout ratio (DPR) is currently 244.69%.

Wall Street Analyst Weigh In

TU has been the topic of a number of recent analyst reports. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Canaccord Genuity Group lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.00.

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.