Twin Tree Management LP Has $161,000 Stock Holdings in TELUS Co. (NYSE:TU)

Twin Tree Management LP lessened its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 98.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,848 shares of the Wireless communications provider’s stock after selling 820,887 shares during the period. Twin Tree Management LP’s holdings in TELUS were worth $161,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its stake in TELUS by 24.2% during the third quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider’s stock worth $438,922,000 after buying an additional 5,094,269 shares during the last quarter. Janus Henderson Group PLC grew its stake in TELUS by 0.7% during the third quarter. Janus Henderson Group PLC now owns 6,701,819 shares of the Wireless communications provider’s stock worth $112,610,000 after buying an additional 49,088 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. grew its stake in TELUS by 5.2% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,403,521 shares of the Wireless communications provider’s stock worth $46,088,000 after buying an additional 169,577 shares during the last quarter. Duff & Phelps Investment Management Co. grew its stake in TELUS by 13.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider’s stock worth $44,785,000 after buying an additional 317,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in TELUS by 8.2% during the third quarter. Geode Capital Management LLC now owns 2,335,660 shares of the Wireless communications provider’s stock worth $40,238,000 after buying an additional 177,953 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analysts Set New Price Targets

TU has been the topic of several research analyst reports. Cormark cut shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Morgan Stanley initiated coverage on shares of TELUS in a research note on Monday, December 16th. They set an “equal weight” rating on the stock. National Bank Financial cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Finally, StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.00.

TELUS Trading Down 0.6 %

Shares of NYSE TU opened at $14.92 on Thursday. The company’s 50 day simple moving average is $14.82 and its 200 day simple moving average is $15.32. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $17.27. The firm has a market capitalization of $22.58 billion, a P/E ratio of 30.44, a P/E/G ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61.

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 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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business posted $0.10 earnings per share. On average, analysts predict that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be issued a $0.2829 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.13 annualized dividend and a yield of 7.59%. TELUS’s dividend payout ratio is currently 226.53%.

About TELUS

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.