Stephens Inc. AR trimmed its holdings in BCE Inc. (NYSE:BCE) (TSE:BCE) by 26.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 195,441 shares of the utilities provider’s stock after selling 70,611 shares during the period. Stephens Inc. AR’s holdings in BCE were worth $7,913,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Zions Bancorporation acquired a new position in BCE in the 1st quarter valued at approximately $1,636,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of BCE in the 1st quarter worth approximately $359,000. Baird Financial Group Inc. raised its holdings in shares of BCE by 15.3% in the 1st quarter. Baird Financial Group Inc. now owns 40,274 shares of the utilities provider’s stock worth $1,733,000 after buying an additional 5,357 shares in the last quarter. Botty Investors LLC raised its holdings in shares of BCE by 24.9% in the 1st quarter. Botty Investors LLC now owns 16,035 shares of the utilities provider’s stock worth $697,000 after buying an additional 3,200 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of BCE by 1,449.3% in the 1st quarter. Summit Trail Advisors LLC now owns 170,201 shares of the utilities provider’s stock worth $170,000 after buying an additional 159,215 shares in the last quarter. 43.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. ValuEngine cut BCE from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Edward Jones raised BCE from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.00.

NYSE BCE traded down $0.14 during trading hours on Friday, reaching $39.91. 775,353 shares of the company’s stock were exchanged, compared to its average volume of 586,672. The firm has a market cap of $36.50 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 4.35 and a beta of 0.31. BCE Inc. has a one year low of $39.76 and a one year high of $49.06. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.50 and a quick ratio of 0.46.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.19. The business had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.81 billion. BCE had a return on equity of 18.67% and a net margin of 12.00%. BCE’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. equities analysts expect that BCE Inc. will post 2.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from BCE’s previous quarterly dividend of $0.56. This represents a $2.32 dividend on an annualized basis and a yield of 5.81%. BCE’s dividend payout ratio is 87.40%.

About BCE

BCE Inc, a telecommunications and media 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 communications products and services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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