Heathbridge Capital Management Ltd. Increases Position in TELUS Co. (TU)

Heathbridge Capital Management Ltd. boosted its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,800 shares of the Wireless communications provider’s stock after buying an additional 15,400 shares during the quarter. TELUS makes up 5.5% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 9th largest position. Heathbridge Capital Management Ltd.’s holdings in TELUS were worth $27,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in TU. Van ECK Associates Corp purchased a new position in shares of TELUS in the 4th quarter worth approximately $25,000. Proficio Capital Partners LLC grew its position in shares of TELUS by 199.7% during the fourth quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 639 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of TELUS during the fourth quarter worth approximately $38,000. Oppenheimer Asset Management Inc. purchased a new position in shares of TELUS during the fourth quarter worth approximately $51,000. Finally, Enlightenment Research LLC purchased a new position in shares of TELUS during the fourth quarter worth approximately $60,000. Institutional investors own 50.56% of the company’s stock.

Shares of NYSE TU traded down $0.18 during mid-day trading on Monday, hitting $37.14. 23,087 shares of the company were exchanged, compared to its average volume of 337,762. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.79 and a quick ratio of 0.72. TELUS Co. has a 1-year low of $32.46 and a 1-year high of $37.84. The company has a market cap of $22.31 billion, a PE ratio of 17.36, a P/E/G ratio of 2.12 and a beta of 0.85.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings results on Thursday, February 14th. The Wireless communications provider reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. TELUS had a return on equity of 17.32% and a net margin of 11.14%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts anticipate that TELUS Co. will post 2.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $0.4098 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, March 8th. TELUS’s dividend payout ratio is presently 77.10%.

A number of equities analysts have recently issued reports on TU shares. TheStreet upgraded shares of TELUS from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. Royal Bank of Canada restated a “buy” rating on shares of TELUS in a research report on Tuesday, April 9th. Canaccord Genuity restated a “buy” rating on shares of TELUS in a research report on Friday, February 15th. Echelon Wealth Partners restated a “buy” rating on shares of TELUS in a research report on Friday, February 15th. Finally, Zacks Investment Research raised TELUS from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.67.

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About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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