Mackenzie Financial Corp grew its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 79.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,156,396 shares of the utilities provider’s stock after purchasing an additional 513,137 shares during the quarter. Mackenzie Financial Corp owned about 0.13% of BCE worth $54,154,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc. grew its position in shares of BCE by 3.7% in the second quarter. TD Asset Management Inc. now owns 18,546,068 shares of the utilities provider’s stock valued at $833,976,000 after purchasing an additional 667,600 shares during the last quarter. FMR LLC grew its position in shares of BCE by 13.5% in the second quarter. FMR LLC now owns 13,936,315 shares of the utilities provider’s stock valued at $627,607,000 after purchasing an additional 1,662,207 shares during the last quarter. Capital Research Global Investors grew its position in shares of BCE by 2.6% in the second quarter. Capital Research Global Investors now owns 8,878,000 shares of the utilities provider’s stock valued at $399,811,000 after purchasing an additional 224,000 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of BCE by 5.2% in the third quarter. Great West Life Assurance Co. Can now owns 8,169,005 shares of the utilities provider’s stock valued at $381,970,000 after purchasing an additional 405,067 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of BCE by 0.3% in the second quarter. Franklin Resources Inc. now owns 7,185,736 shares of the utilities provider’s stock valued at $323,763,000 after purchasing an additional 22,247 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.
BCE has been the topic of several research reports. Zacks Investment Research downgraded BCE from a “buy” rating to a “sell” rating in a research report on Wednesday, October 25th. National Bank Financial raised BCE from a “sector perform” rating to an “outperform” rating in a research report on Thursday, November 2nd. Morgan Stanley upped their target price on BCE from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. BidaskClub raised BCE from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Bank of America started coverage on BCE in a research report on Tuesday, November 21st. They set a “buy” rating and a $54.00 price target on the stock. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $56.50.
Shares of BCE, Inc. (NYSE:BCE) opened at $48.42 on Tuesday. The stock has a market capitalization of $43,581.14, a P/E ratio of 18.76, a P/E/G ratio of 5.25 and a beta of 0.35. BCE, Inc. has a 12-month low of $42.44 and a 12-month 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 business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be given a dividend of $0.558 per share. This represents a $2.23 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Thursday, December 14th. BCE’s dividend payout ratio is currently 93.50%.
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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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