Waratah Capital Advisors Ltd. Takes Position in TELUS Co. (TU)

Waratah Capital Advisors Ltd. acquired a new stake in TELUS Co. (NYSE:TU) (TSE:T) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,330 shares of the Wireless communications provider’s stock, valued at approximately $945,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new stake in TELUS in the 4th quarter valued at about $38,000. Oppenheimer Asset Management Inc. bought a new stake in TELUS in the 4th quarter valued at about $51,000. Enlightenment Research LLC bought a new stake in TELUS in the 4th quarter valued at about $60,000. Glassman Wealth Services bought a new stake in TELUS in the 3rd quarter valued at about $110,000. Finally, Chicago Partners Investment Group LLC raised its stake in TELUS by 100.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,700 shares of the Wireless communications provider’s stock valued at $160,000 after acquiring an additional 2,350 shares during the period. Institutional investors and hedge funds own 51.25% of the company’s stock.

TU stock traded down $0.01 during mid-day trading on Thursday, reaching $35.67. 19,093 shares of the company traded hands, compared to its average volume of 387,583. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $21.36 billion, a PE ratio of 16.67, a PEG ratio of 1.99 and a beta of 0.83. TELUS Co. has a 52-week low of $32.46 and a 52-week high of $37.70.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Thursday, February 14th. The Wireless communications provider reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. TELUS had a return on equity of 17.32% and a net margin of 11.14%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. TELUS’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that TELUS Co. will post 2.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a dividend of $0.4098 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Friday, March 8th. TELUS’s payout ratio is 76.64%.

A number of research analysts have weighed in on TU shares. Zacks Investment Research raised TELUS from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Echelon Wealth Partners reaffirmed a “buy” rating on shares of TELUS in a report on Friday, February 15th. Barclays reaffirmed a “buy” rating and set a $40.00 target price on shares of TELUS in a report on Sunday, November 11th. Canaccord Genuity reaffirmed a “buy” rating on shares of TELUS in a report on Friday, February 15th. Finally, TD Securities reaffirmed a “buy” rating on shares of TELUS in a report on Friday, November 9th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TELUS has an average rating of “Buy” and a consensus target price of $47.67.

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TELUS Company 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 security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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