Jarislowsky Fraser Ltd lifted its stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,364 shares of the utilities provider’s stock after purchasing an additional 8,481 shares during the period. Jarislowsky Fraser Ltd owned 0.05% of BCE worth $22,407,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of BCE. AT Bancorp purchased a new stake in shares of BCE in the 2nd quarter worth $149,000. Howland Capital Management LLC purchased a new stake in shares of BCE in the 3rd quarter worth $202,000. Adell Harriman & Carpenter Inc. purchased a new stake in shares of BCE in the 2nd quarter worth $203,000. Engineers Gate Manager LP purchased a new stake in BCE in the 2nd quarter worth $203,000. Finally, WFG Advisors LP increased its stake in BCE by 0.4% in the 2nd quarter. WFG Advisors LP now owns 4,503 shares of the utilities provider’s stock worth $203,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 42.60% of the company’s stock.
A number of brokerages have issued reports on BCE. BidaskClub upgraded BCE from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. National Bank Financial upgraded BCE from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Argus began coverage on BCE in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. Zacks Investment Research upgraded BCE from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Morgan Stanley cut their price target on BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 27th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $56.60.
BCE, Inc. (NYSE BCE) opened at $48.10 on Tuesday. BCE, Inc. has a 1-year low of $41.83 and a 1-year high of $48.40. The company has a market cap of $43,419.05, a PE ratio of 18.69, a price-to-earnings-growth ratio of 5.22 and a beta of 0.34. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.18.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.558 per share. This represents a $2.23 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, December 14th. BCE’s dividend payout ratio (DPR) is presently 93.50%.
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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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