ING Groep NV Purchases New Holdings in BCE Inc. (BCE)

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.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of BCE from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Bank of America assumed coverage on shares of BCE in a research note on Tuesday, November 21st. They issued a “buy” rating and a $54.00 target price for the company. Morgan Stanley lifted their target price on shares of BCE from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Finally, Desjardins cut shares of BCE from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $55.80.

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About BCE

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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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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