Whittier Trust Co. of Nevada Inc. raised its stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,200 shares of the utilities provider’s stock after buying an additional 600 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in BCE were worth $1,315,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in BCE. Dimensional Fund Advisors LP boosted its position in shares of BCE by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,105 shares of the utilities provider’s stock valued at $2,685,000 after buying an additional 246 shares during the last quarter. Norges Bank bought a new stake in BCE during the fourth quarter valued at approximately $27,389,000. Raymond James Trust N.A. boosted its stake in BCE by 10.7% in the first quarter. Raymond James Trust N.A. now owns 52,949 shares of the utilities provider’s stock valued at $2,345,000 after buying an additional 5,136 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in BCE by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 46,401 shares of the utilities provider’s stock valued at $2,051,000 after buying an additional 300 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in BCE by 16,735.1% in the first quarter. Gradient Investments LLC now owns 6,229 shares of the utilities provider’s stock valued at $276,000 after buying an additional 6,192 shares in the last quarter. 43.89% of the stock is currently owned by institutional investors.
Shares of BCE, Inc. (NYSE:BCE) traded down 0.5786% on Friday, hitting $46.3801. The stock had a trading volume of 309,054 shares. The stock has a 50 day moving average of $45.17 and a 200-day moving average of $44.66. The stock has a market cap of $41.72 billion, a PE ratio of 17.9768 and a beta of 0.36. BCE, Inc. has a 12 month low of $41.83 and a 12 month high of $49.03.
BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.37 billion. BCE had a return on equity of 22.03% and a net margin of 13.36%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts anticipate that BCE, Inc. will post $2.67 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Thursday, June 15th were given a $0.5316 dividend. This represents a $2.13 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Tuesday, June 13th. BCE’s payout ratio is 85.89%.
A number of research firms have issued reports on BCE. Zacks Investment Research cut shares of BCE from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Argus initiated coverage on shares of BCE in a research report on Tuesday. They set a “hold” rating on the stock. BidaskClub lowered shares of BCE from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Canaccord Genuity set a $60.00 target price on shares of BCE and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Finally, Citigroup Inc. upgraded shares of BCE from a “neutral” rating to a “buy” rating in a research note on Thursday, April 6th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.75.
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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