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Institutional investors hold sway in TELUS Corporation ownership

EditorAmbhini Aishwarya
Published 2023-11-20, 06:42 a/m
© Reuters.

Institutional investors have a significant influence over TELUS (TSX:TIXT) Corporation, with a collective ownership of 54%, spearheaded by RBC (TSX:RY) Dominion Securities Inc., Asset Management Arm, which holds 5.6%. Despite this concentration, control is dispersed, as no single investor has a commanding stake; the top 25 shareholders together own only 42% of the company. Insider ownership is minimal, under 1%, yet recent activities by board members indicate an active interest in the company's affairs.

The general public maintains a substantial 46% share in TELUS, playing a considerable role in its governance structure. This diverse ownership mix reflects on the company's governance dynamics and could impact its financial trajectory. The presence of TELUS in major indices is also crucial for institutional investors who align their performance with these benchmarks.

This ownership distribution indicates that while institutional investors have a majority stake, there is no dominant single shareholder, and the substantial public shareholding underscores the potential for broad influence over corporate decisions. However, the heavy institutional presence also carries the risk of market volatility from coordinated investment shifts among these entities.

InvestingPro Insights

Incorporating real-time data from InvestingPro, TELUS Corporation has an adjusted market cap of $113.69 billion. Its P/E Ratio as of Q3 2023 stands at -15.50, indicating a high earnings multiple, which is consistent with the InvestingPro Tip that the company is trading at a high earnings multiple. The company's revenue for the last twelve months as of Q3 2023 was $121.75 billion, indicating a strong financial performance.

One of the InvestingPro Tips for TELUS Corporation is that it has maintained its dividend payments for 25 consecutive years. This aligns with the data showing a significant dividend yield of 6.98% as of 2023.

In addition, InvestingPro offers numerous other tips for TELUS Corporation, which are available to subscribers. Currently, there's a special Black Friday sale for the InvestingPro subscription, offering up to a 55% discount.

In conclusion, the data and tips provided by InvestingPro can help investors make more informed decisions about TELUS Corporation and its potential for investment. It's worth noting that the company has consistently paid dividends and has a strong financial performance, which could be beneficial for both institutional and individual investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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