Exencial Wealth Advisors LLC Sells 806 Shares of TELUS Co. (NYSE:TU)

Exencial Wealth Advisors LLC lowered its position in TELUS Co. (NYSE:TU) (TSE:T) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,443 shares of the Wireless communications provider’s stock after selling 806 shares during the period. Exencial Wealth Advisors LLC’s holdings in TELUS were worth $386,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TU. Barclays PLC boosted its stake in TELUS by 38.5% in the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider’s stock worth $7,839,000 after purchasing an additional 129,934 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in TELUS by 159.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 140,539 shares of the Wireless communications provider’s stock worth $2,360,000 after purchasing an additional 86,393 shares during the period. FMR LLC boosted its stake in TELUS by 192.0% in the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock worth $22,257,000 after purchasing an additional 872,235 shares during the period. Entropy Technologies LP acquired a new position in TELUS in the 3rd quarter worth $945,000. Finally, Nicola Wealth Management LTD. boosted its stake in TELUS by 35.7% in the 3rd quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider’s stock worth $17,801,000 after purchasing an additional 279,000 shares during the period. Institutional investors own 49.40% of the company’s stock.

TELUS Trading Down 0.1 %

TELUS stock opened at $15.38 on Thursday. The firm has a 50-day moving average of $14.50 and a 200-day moving average of $15.37. TELUS Co. has a one year low of $13.24 and a one year high of $17.77. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The company has a market cap of $23.06 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 5.18 and a beta of 0.72.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the business posted $0.10 EPS. On average, equities analysts expect that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be issued a $0.2829 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.36%. TELUS’s payout ratio is 226.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TU shares. Cormark lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. National Bank Financial lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Morgan Stanley began coverage on shares of TELUS in a research note on Monday, December 16th. They set an “equal weight” rating for the company. Five 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, the company currently has an average rating of “Hold” and an average price target 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.