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Summerhill Capital drastically cut TELUS holdings, yet TELUS beat Q4 earnings estimates and raised dividends.
Summerhill Capital Management Inc. significantly reduced its holdings in TELUS Co., selling 391,437 shares, a 97.7% decrease.
Despite this, other institutional investors increased their stakes.
TELUS reported Q4 earnings of $0.18 per share, beating estimates.
The company also announced a quarterly dividend of $0.2829 per share, with a dividend yield of 7.34%.
TELUS's stock is valued at $23.11 billion.
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Summerhill Capital redujo drásticamente las tenencias de TELUS, pero TELUS superó las estimaciones de ganancias del Q4 y aumentó los dividendos.