Intrua Financial LLC Has $428,000 Stake in TELUS Corporation $TU

Intrua Financial LLC reduced its stake in shares of TELUS Corporation (NYSE:TU) (TSE:T) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,634 shares of the Wireless communications provider’s stock after selling 5,252 shares during the period. Intrua Financial LLC’s holdings in TELUS were worth $428,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of TELUS by 26.1% in the 2nd quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 667 shares in the last quarter. CWM LLC grew its stake in TELUS by 169.6% in the 2nd quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 2,301 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in TELUS in the 1st quarter worth $134,000. Golden State Equity Partners acquired a new position in TELUS during the 2nd quarter worth $161,000. Finally, Private Advisor Group LLC boosted its holdings in TELUS by 13.7% during the first quarter. Private Advisor Group LLC now owns 13,190 shares of the Wireless communications provider’s stock valued at $189,000 after acquiring an additional 1,590 shares during the period. Institutional investors own 49.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TU. Barclays cut their price objective on TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TELUS in a research report on Thursday, October 30th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.75.

TELUS Stock Down 1.1%

Shares of TU opened at $14.54 on Friday. TELUS Corporation has a 52 week low of $13.24 and a 52 week high of $16.74. The firm has a market capitalization of $22.31 billion, a P/E ratio of 26.43, a P/E/G ratio of 6.18 and a beta of 0.71. The company has a 50-day simple moving average of $15.32 and a 200-day simple moving average of $15.85. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.81 and a current ratio of 0.76.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $0.28 EPS. The company’s revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that TELUS Corporation will post 0.71 earnings per share for the current year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be issued a $0.4184 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.67 annualized dividend and a yield of 11.5%. TELUS’s payout ratio is presently 220.00%.

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.