CAPROCK Group Inc. boosted its stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 167.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,682 shares of the utilities provider’s stock after buying an additional 9,815 shares during the period. CAPROCK Group Inc.’s holdings in BCE were worth $715,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake 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. Raymond James Trust N.A. raised its stake in shares of 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 during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of 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 during the last quarter. Gradient Investments LLC raised its stake in shares of 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 during the last quarter. Finally, Regentatlantic Capital LLC raised its stake in shares of BCE by 5.6% in the first quarter. Regentatlantic Capital LLC now owns 6,135 shares of the utilities provider’s stock valued at $272,000 after buying an additional 328 shares during the last quarter. 43.99% of the stock is owned by hedge funds and other institutional investors.
Shares of BCE, Inc. (NYSE BCE) traded up 0.22% during mid-day trading on Friday, reaching $46.24. 614,269 shares of the company’s stock were exchanged. BCE, Inc. has a 52 week low of $41.83 and a 52 week high of $49.03. The stock has a 50 day moving average price of $45.98 and a 200 day moving average price of $44.95. The stock has a market cap of $41.63 billion, a price-to-earnings ratio of 17.91 and a beta of 0.36.
BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.65 billion. BCE had a return on equity of 21.08% and a net margin of 12.85%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. Equities research analysts predict that BCE, Inc. will post $2.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 15th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 4.97%. The ex-dividend date is Thursday, September 14th. This is an increase from BCE’s previous quarterly dividend of $0.53. BCE’s dividend payout ratio (DPR) is presently 87.30%.
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BCE has been the topic of several recent research reports. Zacks Investment Research cut shares of BCE from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Argus began coverage on shares of BCE in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. Canaccord Genuity set a $60.00 price target on shares of BCE and gave the company a “hold” rating in a research report on Tuesday, May 16th. BidaskClub lowered shares of BCE from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, Barclays PLC boosted their price objective on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.80.
BCE Company Profile
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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