Principal Financial Group Inc. grew its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,229,815 shares of the utilities provider’s stock after buying an additional 146,142 shares during the quarter. Principal Financial Group Inc. owned approximately 0.25% of BCE worth $104,422,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in BCE. AT Bancorp acquired a new position in shares of BCE in the second quarter worth about $149,000. Howland Capital Management LLC acquired a new position in shares of BCE in the third quarter worth about $202,000. Adell Harriman & Carpenter Inc. acquired a new position in shares of BCE in the second quarter worth about $203,000. Engineers Gate Manager LP acquired a new position in shares of BCE in the second quarter worth about $203,000. Finally, WFG Advisors LP boosted its holdings in shares of BCE by 0.4% in the second quarter. WFG Advisors LP now owns 4,503 shares of the utilities provider’s stock worth $203,000 after buying an additional 16 shares during the period. Institutional investors own 42.90% of the company’s stock.
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Shares of BCE, Inc. (NYSE BCE) opened at $48.22 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.18. The company has a market cap of $43,419.07, a P/E ratio of 18.69, a P/E/G ratio of 5.22 and a beta of 0.34. BCE, Inc. has a fifty-two week low of $41.83 and a fifty-two week high of $48.32.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be issued a dividend of $0.558 per share. This represents a $2.23 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Thursday, December 14th. BCE’s dividend payout ratio is currently 93.50%.
Several research analysts have commented on BCE shares. National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of BCE from a “buy” rating to a “sell” rating in a report on Wednesday, October 25th. Morgan Stanley decreased their target price on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, September 27th. Barclays PLC raised their target price on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of BCE from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. BCE has an average rating of “Buy” and an average price target of $56.60.
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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