NTV Asset Management LLC Has $2.08 Million Stake in BCE, Inc. (BCE)
NTV Asset Management LLC decreased its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,100 shares of the utilities provider’s stock after selling 800 shares during the period. NTV Asset Management LLC’s holdings in BCE were worth $2,076,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. TD Asset Management Inc. increased its stake in shares of BCE by 3.7% in the second quarter. TD Asset Management Inc. now owns 18,546,068 shares of the utilities provider’s stock worth $833,976,000 after buying an additional 667,600 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of BCE by 1.9% in the first quarter. Wellington Management Group LLP now owns 13,247,536 shares of the utilities provider’s stock worth $584,936,000 after buying an additional 244,009 shares during the last quarter. FMR LLC increased its stake in shares of BCE by 3.6% in the first quarter. FMR LLC now owns 12,274,108 shares of the utilities provider’s stock worth $543,445,000 after buying an additional 424,228 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of BCE by 6.2% in the second quarter. Great West Life Assurance Co. Can now owns 7,763,938 shares of the utilities provider’s stock worth $348,772,000 after buying an additional 453,091 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of BCE by 9.0% in the first quarter. Vanguard Group Inc. now owns 6,839,144 shares of the utilities provider’s stock worth $302,769,000 after buying an additional 564,047 shares during the last quarter. Hedge funds and other institutional investors own 42.96% of the company’s stock.
Shares of BCE, Inc. (BCE) opened at 47.53 on Monday. The firm has a market capitalization of $42.79 billion, a P/E ratio of 18.62 and a beta of 0.36. BCE, Inc. has a 1-year low of $41.83 and a 1-year high of $48.35. The stock has a 50 day moving average of $46.49 and a 200-day moving average of $45.12.
BCE (NYSE:BCE) (TSE:BCE) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.65 billion. BCE had a return on equity of 21.08% and a net margin of 12.85%. BCE’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. On average, equities analysts expect that BCE, Inc. will post $2.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 15th will be issued a $0.575 dividend. This is a boost from BCE’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, September 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 4.84%. BCE’s payout ratio is 87.30%.
COPYRIGHT VIOLATION WARNING: “NTV Asset Management LLC Has $2.08 Million Stake in BCE, Inc. (BCE)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/28/ntv-asset-management-llc-has-2-08-million-stake-in-bce-inc-bce.html.
A number of equities research analysts have issued reports on BCE shares. Canaccord Genuity set a $60.00 price objective on shares of BCE and gave the stock a “hold” rating in a research note on Tuesday, May 16th. BidaskClub upgraded shares of BCE from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Barclays PLC increased their price objective on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of BCE from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, Argus started coverage on shares of BCE in a research note on Tuesday, July 18th. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. BCE presently has an average rating of “Buy” and an average price target of $55.80.
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.
Want to see what other hedge funds are holding BCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BCE, Inc. (NYSE:BCE) (TSE:BCE).
Receive News & Stock Ratings for BCE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE Inc. and related stocks with our FREE daily email newsletter.