Hillsdale Investment Management Inc. Has $294,000 Stock Holdings in TELUS Co. (NYSE:TU)

Hillsdale Investment Management Inc. raised its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,733 shares of the Wireless communications provider’s stock after purchasing an additional 1,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in TELUS were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TU. Versant Capital Management Inc increased its position in shares of TELUS by 195,100.0% during the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 1,951 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of TELUS by 1,756.0% in the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 4,548 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of TELUS in the 4th quarter worth approximately $142,000. Triasima Portfolio Management inc. bought a new stake in TELUS during the 4th quarter worth approximately $146,000. Finally, Orion Portfolio Solutions LLC increased its holdings in TELUS by 25.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,270 shares of the Wireless communications provider’s stock valued at $256,000 after purchasing an additional 3,110 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors.

TELUS Stock Performance

TELUS stock opened at $13.80 on Tuesday. The company has a market cap of $20.89 billion, a PE ratio of 28.15, a PEG ratio of 5.18 and a beta of 0.72. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27. The company’s 50-day moving average is $14.84 and its two-hundred day moving average is $15.26.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same period last year, the firm earned $0.10 earnings per share. Equities analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 8.20%. TELUS’s dividend payout ratio is presently 226.53%.

Analysts Set New Price Targets

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

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.