TELUS Co. (NYSE:TU) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its stake in shares of TELUS Co. (NYSE:TUFree Report) (TSE:T) by 51.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,199,185 shares of the Wireless communications provider’s stock after buying an additional 407,100 shares during the period. Canada Pension Plan Investment Board’s holdings in TELUS were worth $19,673,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TU. Captrust Financial Advisors lifted its holdings in TELUS by 18.1% in the 2nd quarter. Captrust Financial Advisors now owns 4,669 shares of the Wireless communications provider’s stock worth $104,000 after buying an additional 717 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TELUS by 59.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the Wireless communications provider’s stock valued at $148,000 after purchasing an additional 2,109 shares in the last quarter. Power Corp of Canada acquired a new stake in shares of TELUS in the 1st quarter valued at about $164,000. Tower Research Capital LLC TRC raised its stake in shares of TELUS by 125,940.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,302 shares of the Wireless communications provider’s stock valued at $123,000 after purchasing an additional 6,297 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of TELUS in the 1st quarter valued at about $206,000. 49.48% of the stock is owned by hedge funds and other institutional investors.

TELUS Price Performance

TU opened at $17.56 on Monday. TELUS Co. has a fifty-two week low of $15.47 and a fifty-two week high of $21.34. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.34. The firm has a market cap of $25.69 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 3.35 and a beta of 0.75. The company’s 50-day moving average price is $18.01 and its 200 day moving average price is $17.40.

TELUS (NYSE:TUGet Free Report) (TSE:T) last posted its earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. TELUS had a net margin of 4.18% and a return on equity of 7.76%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. TELUS’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts expect that TELUS Co. will post 0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TU shares. JPMorgan Chase & Co. lowered shares of TELUS from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 4th. StockNews.com lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th.

View Our Latest Report on TELUS

TELUS Company Profile

(Free Report)

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; 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.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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