Laurel Wealth Advisors Inc. Has $1.71 Million Stock Position in BCE Inc. (NYSE:BCE)

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Laurel Wealth Advisors Inc. raised its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,624 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Laurel Wealth Advisors Inc.’s holdings in BCE were worth $1,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comerica Securities Inc. increased its holdings in shares of BCE by 54.0% during the fourth quarter. Comerica Securities Inc. now owns 19,361 shares of the utilities provider’s stock worth $774,000 after buying an additional 6,786 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of BCE by 35.2% during the fourth quarter. Geode Capital Management LLC now owns 487,720 shares of the utilities provider’s stock worth $20,316,000 after buying an additional 127,060 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings in shares of BCE by 12.2% during the first quarter. First Allied Advisory Services Inc. now owns 18,159 shares of the utilities provider’s stock worth $810,000 after buying an additional 1,980 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of BCE by 13.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 805,535 shares of the utilities provider’s stock worth $35,760,000 after buying an additional 94,438 shares in the last quarter. Finally, Forsta AP Fonden increased its holdings in shares of BCE by 7.1% during the first quarter. Forsta AP Fonden now owns 181,400 shares of the utilities provider’s stock worth $8,057,000 after buying an additional 12,100 shares in the last quarter. Institutional investors and hedge funds own 43.92% of the company’s stock.

Several brokerages have recently issued reports on BCE. TD Securities upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $44.38 price target for the company in a report on Tuesday, June 18th. Scotiabank reaffirmed a “buy” rating on shares of BCE in a research report on Friday, August 16th. Desjardins cut shares of BCE to a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research cut shares of BCE from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research report on Monday. Finally, JPMorgan Chase & Co. cut shares of BCE from an “overweight” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a research report on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $55.73.

NYSE:BCE traded down $0.61 on Friday, hitting $48.06. The stock had a trading volume of 7,944 shares, compared to its average volume of 806,088. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.53 and a current ratio of 0.57. The stock has a market cap of $43.44 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 5.13 and a beta of 0.40. BCE Inc. has a 1 year low of $38.75 and a 1 year high of $48.84. The firm’s fifty day simple moving average is $46.63 and its two-hundred day simple moving average is $45.44.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. BCE had a net margin of 12.51% and a return on equity of 19.15%. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.90 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that BCE Inc. will post 2.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $0.601 dividend. The ex-dividend date is Friday, September 13th. This is an increase from BCE’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a yield of 5.00%. BCE’s dividend payout ratio (DPR) is 87.45%.

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. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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