SG Americas Securities LLC grew its holdings in shares of TELUS Corporation (NYSE:TU) (TSE:T) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,197 shares of the Wireless communications provider’s stock after acquiring an additional 8,294 shares during the quarter. SG Americas Securities LLC’s holdings in TELUS Corporation were worth $2,489,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of TELUS Corporation by 1.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,907 shares of the Wireless communications provider’s stock worth $860,000 after acquiring an additional 237 shares in the last quarter. Financial Counselors Inc. grew its holdings in shares of TELUS Corporation by 3.6% in the second quarter. Financial Counselors Inc. now owns 6,840 shares of the Wireless communications provider’s stock worth $236,000 after purchasing an additional 240 shares during the last quarter. Creative Planning grew its holdings in shares of TELUS Corporation by 2.9% in the second quarter. Creative Planning now owns 11,796 shares of the Wireless communications provider’s stock worth $407,000 after purchasing an additional 333 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of TELUS Corporation by 6.4% in the second quarter. Janney Montgomery Scott LLC now owns 10,114 shares of the Wireless communications provider’s stock worth $349,000 after purchasing an additional 611 shares during the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of TELUS Corporation by 4.6% in the second quarter. NewSquare Capital LLC now owns 25,466 shares of the Wireless communications provider’s stock worth $879,000 after purchasing an additional 1,128 shares during the last quarter. 50.62% of the stock is currently owned by hedge funds and other institutional investors.

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TELUS Corporation (TU) remained flat at $$38.11 during trading hours on Friday. 418,900 shares of the company’s stock were exchanged, compared to its average volume of 415,690. The firm has a market cap of $22,657.50, a P/E ratio of 19.15, a PEG ratio of 2.35 and a beta of 0.92. TELUS Corporation has a 52 week low of $30.96 and a 52 week high of $38.47. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.44.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be issued a $0.505 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.02 annualized dividend and a yield of 5.30%. This is a boost from TELUS Corporation’s previous quarterly dividend of $0.39. TELUS Corporation’s payout ratio is 97.53%.

Several research analysts have recently issued reports on the stock. Barclays PLC raised their target price on shares of TELUS Corporation from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Bank of America Corporation assumed coverage on shares of TELUS Corporation in a report on Tuesday. They issued a “neutral” rating and a $39.00 target price on the stock. Morgan Stanley raised their target price on shares of TELUS Corporation from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Royal Bank Of Canada upgraded shares of TELUS Corporation from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $47.00 to $51.00 in a report on Friday, November 10th. Finally, BidaskClub upgraded shares of TELUS Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.14.

TELUS Corporation Profile

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 (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

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Institutional Ownership by Quarter for TELUS Corporation (NYSE:TU)

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