Lincluden Management Ltd. Purchases 19,196 Shares of TELUS Co. (NYSE:TU)

Lincluden Management Ltd. boosted its position in TELUS Co. (NYSE:TU) (TSE:T) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,959,730 shares of the Wireless communications provider’s stock after purchasing an additional 19,196 shares during the period. TELUS comprises approximately 3.2% of Lincluden Management Ltd.’s investment portfolio, making the stock its 12th largest position. Lincluden Management Ltd.’s holdings in TELUS were worth $26,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TU. Blue Trust Inc. boosted its stake in shares of TELUS by 58.0% in the 3rd quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock valued at $67,000 after purchasing an additional 1,468 shares in the last quarter. Public Sector Pension Investment Board boosted its position in TELUS by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider’s stock valued at $1,297,000 after buying an additional 1,500 shares during the period. Versant Capital Management Inc grew its stake in shares of TELUS by 195,100.0% during the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 1,951 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of TELUS by 0.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 449,777 shares of the Wireless communications provider’s stock worth $7,547,000 after buying an additional 2,196 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of TELUS by 3.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider’s stock valued at $1,185,000 after acquiring an additional 2,840 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley initiated coverage on shares of TELUS in a report on Monday, December 16th. They issued an “equal weight” rating on the stock. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Finally, Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.00.

TELUS Trading Up 0.2 %

TU opened at $15.63 on Tuesday. TELUS Co. has a one year low of $13.24 and a one year high of $18.00. 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 business has a 50 day simple moving average of $14.25 and a two-hundred day simple moving average of $15.40. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 5.18 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same quarter last year, the firm posted $0.10 earnings per share. Analysts predict that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.2829 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS’s payout ratio is 224.49%.

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.