Natixis Advisors LLC Has $1.71 Million Stock Position in TELUS Co. (NYSE:TU)

Natixis Advisors LLC lifted its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 43.4% in the 3rd quarter, Holdings Channel reports. The firm owned 101,590 shares of the Wireless communications provider’s stock after buying an additional 30,769 shares during the quarter. Natixis Advisors LLC’s holdings in TELUS were worth $1,705,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Asset Management Inc boosted its holdings in shares of TELUS by 3.0% during the 2nd quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider’s stock worth $631,310,000 after buying an additional 1,208,720 shares during the period. 1832 Asset Management L.P. grew its position in shares of TELUS by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider’s stock valued at $578,253,000 after purchasing an additional 2,365,753 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of TELUS by 2.6% in the first 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 period. CIBC Asset Management Inc lifted its position in shares of TELUS by 1.8% during the 2nd quarter. CIBC Asset Management Inc now owns 22,404,617 shares of the Wireless communications provider’s stock worth $338,953,000 after purchasing an additional 387,686 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in TELUS by 1.3% during the 3rd quarter. Fiera Capital Corp now owns 16,882,528 shares of the Wireless communications provider’s stock valued at $283,854,000 after purchasing an additional 211,815 shares during the period. 49.40% of the stock is currently owned by institutional investors.

TELUS Trading Up 1.8 %

TELUS stock opened at $15.48 on Tuesday. The business has a 50 day moving average price of $16.05 and a two-hundred day moving average price of $16.06. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. TELUS Co. has a 12 month low of $14.63 and a 12 month high of $19.14. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the company posted $0.19 earnings per share. TELUS’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that TELUS Co. will post 0.73 EPS for the current year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.297 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.67%. This is an increase from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s dividend payout ratio (DPR) is presently 244.69%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TU. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. StockNews.com downgraded shares of TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, Canaccord Genuity Group cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, TELUS presently has a consensus rating of “Hold” and a consensus target price of $26.00.

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.