D.A. Davidson & CO. lowered its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,715 shares of the utilities provider’s stock after selling 1,241 shares during the quarter. D.A. Davidson & CO.’s holdings in BCE were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BCE. Edge Wealth Management LLC acquired a new stake in shares of BCE during the 3rd quarter worth about $103,000. Stratos Wealth Partners LTD. acquired a new stake in shares of BCE during the 3rd quarter worth about $133,000. New England Asset Management Inc. acquired a new stake in shares of BCE during the 2nd quarter worth about $203,000. Checchi Capital Advisers LLC acquired a new stake in shares of BCE during the 2nd quarter worth about $211,000. Finally, Cypress Capital Group acquired a new stake in shares of BCE during the 2nd quarter worth about $215,000. Institutional investors and hedge funds own 42.52% of the company’s stock.

Shares of NYSE:BCE opened at $42.99 on Friday. BCE Inc. has a 12 month low of $38.75 and a 12 month high of $49.06. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.53 and a current ratio of 0.57. The stock has a market cap of $38.78 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 4.66 and a beta of 0.34.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. BCE had a net margin of 12.13% and a return on equity of 18.73%. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Analysts expect that BCE Inc. will post 2.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.574 per share. This represents a $2.30 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Thursday, December 13th. BCE’s dividend payout ratio is currently 88.55%.

A number of equities research analysts recently issued reports on BCE shares. TD Securities reiterated a “hold” rating on shares of BCE in a research report on Wednesday, October 24th. Royal Bank of Canada reiterated a “hold” rating on shares of BCE in a research report on Friday, November 2nd. Desjardins raised shares of BCE from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. ValuEngine raised shares of BCE from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, Scotiabank raised shares of BCE from a “sector perform” rating to a “buy” rating in a report on Wednesday, October 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.50.

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BCE Company Profile

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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