Savant Capital LLC Makes New $201,000 Investment in TELUS Corporation $TU

Savant Capital LLC bought a new position in TELUS Corporation (NYSE:TU) (TSE:T) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,496 shares of the Wireless communications provider’s stock, valued at approximately $201,000.

Several other institutional investors also recently modified their holdings of TU. Blue Trust Inc. lifted its holdings in TELUS by 26.1% during the second quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock worth $52,000 after acquiring an additional 667 shares during the period. CWM LLC increased its position in shares of TELUS by 169.6% during the 2nd quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 2,301 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of TELUS during the 1st quarter worth $134,000. Golden State Equity Partners purchased a new position in shares of TELUS in the 2nd quarter worth about $161,000. Finally, Abel Hall LLC bought a new position in TELUS during the second quarter valued at about $195,000. 49.40% of the stock is owned by institutional investors.

TELUS Trading Down 0.9%

NYSE:TU opened at $13.37 on Friday. TELUS Corporation has a 1 year low of $13.24 and a 1 year high of $16.74. The stock’s fifty day moving average price is $15.13 and its two-hundred day moving average price is $15.80. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.76 and a quick ratio of 0.71. The company has a market cap of $20.52 billion, a P/E ratio of 24.30, a P/E/G ratio of 6.92 and a beta of 0.71.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, November 7th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts expect that TELUS Corporation will post 0.71 EPS for the current year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a $0.4184 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 12.5%. This is an increase from TELUS’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, December 11th. TELUS’s dividend payout ratio (DPR) is 220.00%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TU shares. Weiss Ratings reiterated a “hold (c)” rating on shares of TELUS in a research note on Wednesday. National Bank Financial raised shares of TELUS from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Barclays reduced their price objective on TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $19.00 target price (down from $22.00) on shares of TELUS in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.17.

TELUS 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.