BCE Inc. (NYSE:BCE) Shares Sold by Guardian Capital LP

Guardian Capital LP lessened its position in BCE Inc. (NYSE:BCEFree Report) (TSE:BCE) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 449,599 shares of the utilities provider’s stock after selling 14,917 shares during the period. Guardian Capital LP’s holdings in BCE were worth $17,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its stake in shares of BCE by 55.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,086 shares of the utilities provider’s stock worth $752,000 after purchasing an additional 6,804 shares during the period. Vise Technologies Inc. boosted its stake in BCE by 34.1% in the 4th quarter. Vise Technologies Inc. now owns 7,581 shares of the utilities provider’s stock worth $299,000 after buying an additional 1,928 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in BCE by 19.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,765 shares of the utilities provider’s stock valued at $266,000 after buying an additional 1,090 shares during the period. Wambolt & Associates LLC increased its stake in shares of BCE by 13.3% during the 4th quarter. Wambolt & Associates LLC now owns 51,156 shares of the utilities provider’s stock valued at $2,015,000 after acquiring an additional 5,995 shares during the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of BCE by 4,046.0% during the 4th quarter. AGF Management Ltd. now owns 1,075,757 shares of the utilities provider’s stock worth $42,363,000 after acquiring an additional 1,049,810 shares during the period. Hedge funds and other institutional investors own 41.46% of the company’s stock.

BCE Stock Up 0.7 %

Shares of BCE stock traded up $0.23 during trading hours on Tuesday, hitting $34.17. 1,685,575 shares of the company’s stock traded hands, compared to its average volume of 2,479,105. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 1.87. BCE Inc. has a twelve month low of $31.82 and a twelve month high of $47.67. The stock has a 50 day simple moving average of $33.73 and a 200-day simple moving average of $37.34. The company has a market cap of $31.17 billion, a PE ratio of 23.73, a PEG ratio of 4.59 and a beta of 0.56.

BCE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be given a $0.738 dividend. This represents a $2.95 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date is Friday, June 14th. BCE’s payout ratio is 204.86%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $46.00 price target (down previously from $54.00) on shares of BCE in a research report on Tuesday, April 2nd. CIBC upgraded BCE from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, April 23rd. TD Securities lowered BCE from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their price objective on BCE from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Finally, Barclays cut their target price on shares of BCE from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, BCE presently has an average rating of “Hold” and an average target price of $49.00.

Read Our Latest Analysis on BCE

About BCE

(Free Report)

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.

See Also

Institutional Ownership by Quarter for BCE (NYSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.