10,601 Shares in Telus Corp. (TU) Acquired by Lucus Advisors LLC
Lucus Advisors LLC purchased a new position in shares of Telus Corp. (NYSE:TU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,601 shares of the company’s stock, valued at approximately $341,000.
Other institutional investors also recently added to or reduced their stakes in the company. Nikko Asset Management Americas Inc. bought a new position in Telus Corp. during the first quarter worth about $259,000. Fairpointe Capital LLC acquired a new position in shares of Telus Corp. during the first quarter worth $218,000. LifePlan Financial Group Inc increased its position in shares of Telus Corp. by 19.5% in the second quarter. LifePlan Financial Group Inc now owns 10,231 shares of the company’s stock worth $329,000 after buying an additional 1,673 shares during the last quarter. Ngam Advisors L.P. acquired a new position in shares of Telus Corp. during the first quarter worth $419,000. Finally, M&T Bank Corp increased its position in shares of Telus Corp. by 57.3% in the first quarter. M&T Bank Corp now owns 15,146 shares of the company’s stock worth $493,000 after buying an additional 5,517 shares during the last quarter. Institutional investors and hedge funds own 52.94% of the company’s stock.
Shares of Telus Corp. (NYSE:TU) traded down 1.12% during midday trading on Tuesday, reaching $32.66. 132,486 shares of the company’s stock were exchanged. Telus Corp. has a one year low of $24.34 and a one year high of $34.12. The firm has a 50 day moving average of $32.90 and a 200-day moving average of $32.35. The stock has a market cap of $19.33 billion, a price-to-earnings ratio of 18.11 and a beta of 0.90.
Telus Corp. (NYSE:TU) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Telus Corp. had a net margin of 11.26% and a return on equity of 19.92%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Telus Corp. will post $2.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were issued a dividend of $0.3505 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Wednesday, September 7th. Telus Corp.’s payout ratio is 78.33%.
A number of brokerages have recently weighed in on TU. Zacks Investment Research upgraded Telus Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Desjardins upgraded Telus Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. TheStreet upgraded Telus Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Barclays PLC boosted their target price on Telus Corp. from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Finally, Canaccord Genuity restated a “hold” rating on shares of Telus Corp. in a research note on Friday, August 5th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Telus Corp. currently has a consensus rating of “Hold” and a consensus target price of $40.67.
About Telus Corp.
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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