Stifel Financial Corp lifted its stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 2.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 482,703 shares of the utilities provider’s stock after acquiring an additional 10,798 shares during the period. Stifel Financial Corp owned 0.05% of BCE worth $22,594,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI lifted its position in shares of BCE by 1.6% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 828,123 shares of the utilities provider’s stock valued at $38,781,000 after acquiring an additional 13,436 shares during the period. Bruderman Asset Management LLC raised its holdings in BCE by 1.9% during the third quarter. Bruderman Asset Management LLC now owns 304,794 shares of the utilities provider’s stock worth $14,273,000 after buying an additional 5,672 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in BCE by 11.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 63,700 shares of the utilities provider’s stock worth $2,983,000 after buying an additional 6,400 shares during the last quarter. BB&T Securities LLC raised its holdings in BCE by 1.7% during the third quarter. BB&T Securities LLC now owns 257,457 shares of the utilities provider’s stock worth $12,056,000 after buying an additional 4,210 shares during the last quarter. Finally, USS Investment Management Ltd raised its holdings in BCE by 15.2% during the third quarter. USS Investment Management Ltd now owns 159,828 shares of the utilities provider’s stock worth $7,495,000 after buying an additional 21,100 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

BCE, Inc. (NYSE BCE) opened at $48.49 on Wednesday. BCE, Inc. has a 1-year low of $42.44 and a 1-year high of $48.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.47 and a current ratio of 0.51. The firm has a market cap of $43,599.14, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 5.25 and a beta of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be paid a $0.558 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.23 annualized dividend and a dividend yield of 4.60%. BCE’s payout ratio is 93.50%.

Several research analysts have weighed in on BCE shares. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, October 4th. Bank of America started coverage on shares of BCE in a report on Tuesday, November 21st. They set a “buy” rating and a $54.00 price objective on the stock. Morgan Stanley upped their price objective on shares of BCE from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Canaccord Genuity restated a “hold” rating and set a $60.00 price objective on shares of BCE in a report on Thursday, November 2nd. Finally, National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $56.50.

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BCE Company 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.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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