Neuburgh Advisers LLC raised its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 13.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,152 shares of the Wireless communications provider’s stock after acquiring an additional 368 shares during the period. Neuburgh Advisers LLC’s holdings in TELUS were worth $112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors L.P. grew its stake in shares of TELUS by 11.6% during the 2nd quarter. Natixis Advisors L.P. now owns 37,101 shares of the Wireless communications provider’s stock valued at $1,369,000 after buying an additional 3,849 shares during the period. Riverhead Capital Management LLC grew its stake in shares of TELUS by 14.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,900 shares of the Wireless communications provider’s stock valued at $174,000 after buying an additional 600 shares during the period. Bank of New York Mellon Corp grew its stake in shares of TELUS by 8.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 614,774 shares of the Wireless communications provider’s stock valued at $22,692,000 after buying an additional 47,787 shares during the period. Fiera Capital Corp grew its stake in shares of TELUS by 5.6% during the 2nd quarter. Fiera Capital Corp now owns 3,317,889 shares of the Wireless communications provider’s stock valued at $122,675,000 after buying an additional 176,988 shares during the period. Finally, M&T Bank Corp grew its stake in shares of TELUS by 3.1% during the 2nd quarter. M&T Bank Corp now owns 26,590 shares of the Wireless communications provider’s stock valued at $981,000 after buying an additional 808 shares during the period. 54.42% of the stock is owned by institutional investors.

Shares of NYSE TU traded down $0.10 during trading on Friday, hitting $36.59. 6,328 shares of the company traded hands, compared to its average volume of 453,658. The company has a 50-day moving average price of $36.11 and a 200-day moving average price of $36.63. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.42. TELUS Co. has a 1 year low of $32.46 and a 1 year high of $38.32. The firm has a market capitalization of $22.02 billion, a P/E ratio of 17.10, a P/E/G ratio of 2.08 and a beta of 0.69.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). TELUS had a return on equity of 16.75% and a net margin of 11.91%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Research analysts predict that TELUS Co. will post 2.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a dividend of $0.426 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.66%. This is a boost from TELUS’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, September 9th. TELUS’s dividend payout ratio is 78.97%.

Several analysts have recently issued reports on TU shares. Canaccord Genuity cut shares of TELUS from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Citigroup cut shares of TELUS from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $41.00.

TELUS Profile

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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