Capital Advisors Inc. OK Buys 31,952 Shares of BCE Inc. (NYSE:BCE)

Capital Advisors Inc. OK grew its stake in BCE Inc. (NYSE:BCEGet Rating) (TSE:BCE) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 703,148 shares of the utilities provider’s stock after acquiring an additional 31,952 shares during the quarter. Capital Advisors Inc. OK owned 0.08% of BCE worth $38,997,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Stonehage Fleming Financial Services Holdings Ltd grew its position in BCE by 53.9% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 785 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 275 shares during the last quarter. FSB Premier Wealth Management Inc. bought a new position in shares of BCE in the fourth quarter worth approximately $43,000. MBM Wealth Consultants LLC grew its holdings in shares of BCE by 53.3% during the fourth quarter. MBM Wealth Consultants LLC now owns 958 shares of the utilities provider’s stock valued at $50,000 after buying an additional 333 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of BCE during the first quarter valued at approximately $63,000. Finally, Guardian Wealth Management Inc. purchased a new position in BCE in the 4th quarter worth approximately $79,000. 44.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Canaccord Genuity Group reduced their target price on BCE from C$70.00 to C$66.00 in a report on Friday, July 22nd. StockNews.com started coverage on BCE in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Scotiabank began coverage on shares of BCE in a research note on Tuesday, June 28th. They set an “outperform” rating on the stock. Desjardins lifted their price target on shares of BCE from C$68.00 to C$70.00 in a research note on Monday, May 9th. Finally, Barclays increased their price objective on shares of BCE from $48.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 13th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $65.82.

BCE Stock Performance

Shares of BCE stock traded up $0.44 during mid-day trading on Thursday, reaching $49.90. 38,410 shares of the company’s stock traded hands, compared to its average volume of 1,052,363. BCE Inc. has a 12 month low of $47.25 and a 12 month high of $59.34. The firm has a 50 day moving average price of $50.61 and a two-hundred day moving average price of $52.84. The firm has a market capitalization of $45.50 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 4.27 and a beta of 0.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.65.

BCE (NYSE:BCEGet Rating) (TSE:BCE) last released its quarterly earnings results on Thursday, May 5th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. BCE had a return on equity of 15.75% and a net margin of 12.85%. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. BCE’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts forecast that BCE Inc. will post 2.62 EPS for the current year.

BCE Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend was Tuesday, June 14th. BCE’s dividend payout ratio (DPR) is presently 109.65%.

About BCE

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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 wireless voice and data communication products and services, as well as consumer electronics products.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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