ING Groep NV purchased a new stake in BCE Inc. (NYSE:BCE) (TSE:BCE) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 120,467 shares of the utilities provider’s stock, valued at approximately $5,784,000.
Several other large investors have also recently added to or reduced their stakes in BCE. Bruderman Asset Management LLC boosted its stake in BCE by 1.2% in the 4th quarter. Bruderman Asset Management LLC now owns 308,386 shares of the utilities provider’s stock worth $14,806,000 after purchasing an additional 3,592 shares in the last quarter. Cumberland Partners Ltd boosted its stake in BCE by 5.5% in the 4th quarter. Cumberland Partners Ltd now owns 23,932 shares of the utilities provider’s stock worth $1,154,000 after purchasing an additional 1,246 shares in the last quarter. Calton & Associates Inc. acquired a new stake in BCE in the 4th quarter worth approximately $345,000. Charter Research & Investment Group Inc. acquired a new stake in BCE in the 4th quarter worth approximately $2,137,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in BCE in the 4th quarter worth approximately $399,000. Institutional investors and hedge funds own 44.62% of the company’s stock.
Shares of BCE Inc. (NYSE:BCE) opened at $44.41 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.51 and a quick ratio of 0.47. BCE Inc. has a 12 month low of $42.44 and a 12 month high of $49.06. The company has a market cap of $40,537.66, a P/E ratio of 17.45, a P/E/G ratio of 4.64 and a beta of 0.29.
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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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