Natixis Grows Stake in TELUS Co. (NYSE:TU)

Natixis raised its stake in TELUS Co. (NYSE:TU) (TSE:T) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,849 shares of the Wireless communications provider’s stock after purchasing an additional 16,947 shares during the quarter. Natixis’ holdings in TELUS were worth $4,922,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kempen Capital Management N.V. purchased a new position in TELUS in the second quarter valued at about $45,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of TELUS during the first quarter worth about $54,000. Lindbrook Capital LLC purchased a new stake in shares of TELUS during the second quarter worth about $68,000. Aperio Group LLC purchased a new stake in shares of TELUS during the second quarter worth about $116,000. Finally, Neuburgh Advisers LLC increased its position in shares of TELUS by 13.2% during the second quarter. Neuburgh Advisers LLC now owns 3,152 shares of the Wireless communications provider’s stock worth $112,000 after acquiring an additional 368 shares during the last quarter. 51.76% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on TU shares. Canaccord Genuity lowered TELUS from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Citigroup lowered TELUS from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 3rd. Finally, Bank of America raised TELUS from a “neutral” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.50.

Shares of NYSE TU opened at $35.75 on Friday. TELUS Co. has a 1 year low of $32.46 and a 1 year high of $38.32. The firm has a market cap of $21.41 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.46 and a beta of 0.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.66 and a current ratio of 0.71. The stock’s 50-day simple moving average is $36.19 and its 200-day simple moving average is $36.68.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.69 billion. TELUS had a return on equity of 16.75% and a net margin of 11.91%. As a group, research analysts predict that TELUS Co. will post 2.21 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.426 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.77%. This is an increase from TELUS’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, September 9th. TELUS’s dividend payout ratio (DPR) is 78.97%.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

See Also: Net Asset Value

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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