John G Ullman & Associates Inc. grew its holdings in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238,845 shares of the utilities provider’s stock after purchasing an additional 5,709 shares during the quarter. BCE makes up about 1.8% of John G Ullman & Associates Inc.’s portfolio, making the stock its 19th biggest holding. John G Ullman & Associates Inc.’s holdings in BCE were worth $9,678,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in BCE. Edge Wealth Management LLC acquired a new position in shares of BCE during the 3rd quarter valued at about $103,000. Stratos Wealth Partners LTD. acquired a new position in shares of BCE during the 3rd quarter valued at about $133,000. New England Asset Management Inc. acquired a new position in shares of BCE during the 2nd quarter valued at about $203,000. Lenox Wealth Management Inc. boosted its position in shares of BCE by 42.2% during the 2nd quarter. Lenox Wealth Management Inc. now owns 4,958 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,472 shares during the last quarter. Finally, Checchi Capital Advisers LLC acquired a new position in shares of BCE during the 2nd quarter valued at about $211,000. 42.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BCE opened at $40.41 on Monday. The stock has a market capitalization of $36.29 billion, a P/E ratio of 15.42, a P/E/G ratio of 3.30 and a beta of 0.32. 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.
BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.85 billion. BCE had a net margin of 12.13% and a return on equity of 18.73%. BCE’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Analysts expect that BCE Inc. will post 3.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be issued a $0.574 dividend. The ex-dividend date is Thursday, December 13th. This represents a $2.30 annualized dividend and a yield of 5.68%. BCE’s dividend payout ratio (DPR) is currently 88.55%.
BCE has been the topic of several research analyst reports. Edward Jones upgraded shares of BCE from a “hold” rating to a “buy” rating in a report on Monday, August 13th. TD Securities restated a “hold” rating on shares of BCE in a report on Wednesday, October 24th. Barclays reduced their price objective on shares of BCE from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday. Royal Bank of Canada restated a “hold” rating on shares of BCE in a report on Friday. Finally, ValuEngine upgraded shares of BCE from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $51.75.
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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