BCE Inc. (NYSE:BCE) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its position in shares of BCE Inc. (NYSE:BCEFree Report) (TSE:BCE) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,431 shares of the utilities provider’s stock after purchasing an additional 1,067 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in BCE were worth $1,543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BCE. ST Germain D J Co. Inc. purchased a new position in BCE during the second quarter worth approximately $25,000. CGC Financial Services LLC acquired a new stake in BCE in the 2nd quarter worth about $27,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of BCE during the third quarter worth approximately $30,000. Larson Financial Group LLC lifted its stake in shares of BCE by 120,000.0% in the third quarter. Larson Financial Group LLC now owns 1,201 shares of the utilities provider’s stock worth $46,000 after buying an additional 1,200 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in BCE during the first quarter worth approximately $88,000. Institutional investors and hedge funds own 42.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BCE shares. Barclays lowered their price target on BCE from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. JPMorgan Chase & Co. cut their target price on BCE from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Argus downgraded BCE from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, TD Securities lowered BCE from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, BCE currently has an average rating of “Hold” and a consensus target price of $51.00.

Get Our Latest Research Report on BCE

BCE Stock Performance

NYSE:BCE opened at $36.45 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $33.25 billion, a PE ratio of 21.57, a PEG ratio of 4.87 and a beta of 0.56. The firm’s fifty day simple moving average is $39.06 and its 200 day simple moving average is $39.19. BCE Inc. has a 1 year low of $35.84 and a 1 year high of $48.38.

BCE (NYSE:BCEGet Free Report) (TSE:BCE) last issued its earnings results on Thursday, February 8th. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. BCE had a net margin of 8.82% and a return on equity of 17.13%. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.82 billion. On average, sell-side analysts anticipate that BCE Inc. will post 2.37 EPS for the current year.

BCE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be paid a dividend of $0.742 per share. This represents a $2.97 dividend on an annualized basis and a dividend yield of 8.14%. This is an increase from BCE’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 14th. BCE’s payout ratio is 171.01%.

BCE Profile

(Free Report)

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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