QS Investors LLC lifted its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 38.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,503 shares of the utilities provider’s stock after purchasing an additional 39,008 shares during the period. QS Investors LLC’s holdings in BCE were worth $6,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Camarda Financial Advisors LLC increased its stake in shares of BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 16 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of BCE by 0.7% in the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 20 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of BCE by 0.5% in the second quarter. Park Avenue Securities LLC now owns 7,206 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 34 shares in the last quarter. Tdam USA Inc. increased its stake in shares of BCE by 0.9% in the second quarter. Tdam USA Inc. now owns 11,787 shares of the utilities provider’s stock worth $530,000 after purchasing an additional 100 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of BCE by 1.3% in the second quarter. Nationwide Fund Advisors now owns 12,614 shares of the utilities provider’s stock worth $568,000 after purchasing an additional 160 shares in the last quarter. 42.74% of the stock is owned by hedge funds and other institutional investors.

BCE, Inc. (NYSE:BCE) traded down 0.19% during trading on Friday, reaching $46.83. 624,467 shares of the company traded hands. BCE, Inc. has a 52 week low of $41.83 and a 52 week high of $48.27. The firm has a 50-day moving average price of $47.23 and a 200-day moving average price of $45.53. The company has a market capitalization of $42.16 billion, a P/E ratio of 17.57 and a beta of 0.35.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The company 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 revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 earnings per share. Analysts forecast that BCE, Inc. will post $2.70 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 15th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, September 14th. This is a boost from BCE’s previous quarterly dividend of $0.53. This represents a $2.30 dividend on an annualized basis and a yield of 4.91%. BCE’s dividend payout ratio is currently 93.44%.

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A number of brokerages have recently issued reports on BCE. BidaskClub raised shares of BCE from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Morgan Stanley reduced their price objective on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. Zacks Investment Research cut shares of BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 7th. 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. Finally, Argus began coverage on shares of BCE in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. Six 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 company. The company currently has an average rating of “Buy” and an average price target of $56.50.

BCE 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.

Institutional Ownership by Quarter for BCE (NYSE:BCE)

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