Natixis increased its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 22.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,345 shares of the Wireless communications provider’s stock after purchasing an additional 20,527 shares during the quarter. Natixis’ holdings in TELUS were worth $3,954,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TU. Point72 Asset Management L.P. acquired a new position in TELUS in the first quarter valued at approximately $113,000. Cubist Systematic Strategies LLC acquired a new position in TELUS in the first quarter valued at approximately $125,000. PNC Financial Services Group Inc. lifted its holdings in TELUS by 53.6% in the second quarter. PNC Financial Services Group Inc. now owns 5,809 shares of the Wireless communications provider’s stock valued at $207,000 after buying an additional 2,026 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in TELUS in the first quarter valued at approximately $235,000. Finally, Chicago Capital LLC acquired a new position in TELUS in the second quarter valued at approximately $258,000. 51.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE TU opened at $37.03 on Monday. TELUS Co. has a fifty-two week low of $34.28 and a fifty-two week high of $38.50. The company has a market capitalization of $22.09 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.35.
TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Friday, August 3rd. The Wireless communications provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.45 billion. TELUS had a net margin of 10.61% and a return on equity of 17.45%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. research analysts predict that TELUS Co. will post 2.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 10th will be issued a $0.404 dividend. The ex-dividend date of this dividend is Friday, September 7th. This represents a $1.62 annualized dividend and a yield of 4.36%. TELUS’s dividend payout ratio (DPR) is presently 79.31%.
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 security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.
Recommended Story: Moving Average (MA)
Want to see what other hedge funds are holding TU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TELUS Co. (NYSE:TU) (TSE:T).
Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.