BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $8.05 Million Holdings in TELUS Co. (NYSE:TU)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in TELUS Co. (NYSE:TU) (TSE:T) by 132.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 479,785 shares of the Wireless communications provider’s stock after purchasing an additional 273,368 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in TELUS were worth $8,048,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Gold Investment Management Ltd. boosted its stake in shares of TELUS by 0.7% in the 2nd quarter. Gold Investment Management Ltd. now owns 93,275 shares of the Wireless communications provider’s stock valued at $1,412,000 after purchasing an additional 641 shares during the last quarter. Walter Public Investments Inc. boosted its position in TELUS by 1.8% during the second quarter. Walter Public Investments Inc. now owns 37,453 shares of the Wireless communications provider’s stock valued at $567,000 after acquiring an additional 653 shares during the last quarter. Blue Trust Inc. grew its holdings in TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after acquiring an additional 954 shares during the period. Trust Co. of Vermont raised its position in shares of TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 1,218 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of TELUS by 2.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider’s stock valued at $1,297,000 after purchasing an additional 1,500 shares during the period. 49.40% of the stock is owned by institutional investors.

TELUS Stock Up 0.5 %

TELUS stock opened at $15.54 on Monday. The firm has a market capitalization of $23.31 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 2.24 and a beta of 0.75. TELUS Co. has a 1-year low of $14.63 and a 1-year high of $19.14. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The firm has a 50 day simple moving average of $15.94 and a 200 day simple moving average of $16.03.

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

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.297 per share. This is an increase from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 11th. This represents a $1.19 dividend on an annualized basis and a yield of 7.64%. TELUS’s dividend payout ratio (DPR) is presently 253.19%.

Analyst Ratings Changes

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

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.