First Allied Advisory Services Inc. raised its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 12.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,159 shares of the utilities provider’s stock after purchasing an additional 1,980 shares during the quarter. First Allied Advisory Services Inc.’s holdings in BCE were worth $810,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Investors Research Corp bought a new stake in BCE in the first quarter worth $25,000. Sontag Advisory LLC bought a new position in BCE during the fourth quarter valued at $30,000. Proficio Capital Partners LLC increased its position in BCE by 145.0% during the fourth quarter. Proficio Capital Partners LLC now owns 990 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 586 shares during the last quarter. Liberty Wealth Management LLC bought a new position in BCE during the fourth quarter valued at $41,000. Finally, Cutler Group LP bought a new position in BCE during the fourth quarter valued at $43,000. 43.58% of the stock is currently owned by institutional investors and hedge funds.

NYSE BCE opened at $45.04 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $40.48 billion, a PE ratio of 16.62, a P/E/G ratio of 4.91 and a beta of 0.46. BCE Inc. has a 12 month low of $38.75 and a 12 month high of $45.65.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.75 billion. BCE had a net margin of 12.56% and a return on equity of 18.66%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, equities research analysts anticipate that BCE Inc. will post 2.62 earnings per share for the current year.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of BCE from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Citigroup cut shares of BCE from a “buy” rating to a “neutral” rating in a research report on Thursday, May 2nd. Barclays reiterated an “average” rating and set a $66.00 price objective on shares of BCE in a research report on Sunday, May 5th. Desjardins cut shares of BCE from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Argus upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.00.

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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. 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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