XTX Topco Ltd Acquires New Position in TELUS Co. (NYSE:TU)

XTX Topco Ltd purchased a new stake in TELUS Co. (NYSE:TU) (TSE:T) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 68,244 shares of the Wireless communications provider’s stock, valued at approximately $925,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System grew its holdings in TELUS by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider’s stock worth $1,197,000 after acquiring an additional 1,346 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of TELUS by 7.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider’s stock worth $294,000 after purchasing an additional 1,500 shares in the last quarter. Versant Capital Management Inc increased its holdings in TELUS by 195,100.0% in the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 1,951 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in TELUS by 3.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider’s stock valued at $1,185,000 after buying an additional 2,840 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in TELUS by 25.6% in the third quarter. Orion Portfolio Solutions LLC now owns 15,270 shares of the Wireless communications provider’s stock valued at $256,000 after buying an additional 3,110 shares in the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Trading Up 0.8 %

Shares of TU stock opened at $14.77 on Thursday. TELUS Co. has a twelve month low of $13.24 and a twelve month high of $17.27. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $14.85 and its two-hundred day moving average is $14.97. The company has a market capitalization of $22.36 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the company posted $0.10 EPS. Equities analysts forecast that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were given a $0.2829 dividend. This represents a $1.13 annualized dividend and a yield of 7.66%. The ex-dividend date was Tuesday, March 11th. TELUS’s payout ratio is 226.53%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Cormark downgraded TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Bank of America lowered shares of TELUS from a “buy” rating to a “neutral” rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, TELUS presently has an average rating of “Hold”.

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.