Ninepoint Partners LP Boosts Stock Position in TELUS Co. (NYSE:TU)

Ninepoint Partners LP boosted its holdings in shares of TELUS Co. (NYSE:TU) (TSE:T) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,352 shares of the Wireless communications provider’s stock after acquiring an additional 6,423 shares during the quarter. TELUS accounts for 0.4% of Ninepoint Partners LP’s portfolio, making the stock its 26th biggest holding. Ninepoint Partners LP’s holdings in TELUS were worth $2,608,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TU. National Bank of Canada FI boosted its holdings in TELUS by 24.2% during the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider’s stock valued at $438,922,000 after acquiring an additional 5,094,269 shares during the period. FMR LLC boosted its holdings in TELUS by 192.0% during the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock valued at $22,257,000 after acquiring an additional 872,235 shares during the period. Centre Asset Management LLC purchased a new position in TELUS during the 4th quarter valued at $6,946,000. Duff & Phelps Investment Management Co. raised its position in TELUS by 13.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider’s stock valued at $44,785,000 after purchasing an additional 317,000 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in TELUS by 132.4% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 479,785 shares of the Wireless communications provider’s stock valued at $8,048,000 after purchasing an additional 273,368 shares in the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TU shares. Morgan Stanley started coverage on TELUS in a research report on Monday, December 16th. They set an “equal weight” rating for the company. National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Cormark lowered TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.00.

TELUS Trading Down 0.0 %

TU opened at $15.00 on Friday. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 5.18 and a beta of 0.72. 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. The stock has a fifty day moving average price of $14.76 and a 200-day moving average price of $15.35.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results 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. The firm 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 period in the previous year, the company posted $0.10 EPS. As a group, equities research analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be given a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a yield of 7.55%. The ex-dividend date is Tuesday, March 11th. TELUS’s dividend payout ratio is currently 226.53%.

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.