First Trust Advisors LP Increases Position in BCE Inc. (NYSE:BCE)

First Trust Advisors LP increased its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,262,191 shares of the utilities provider’s stock after acquiring an additional 126,115 shares during the period. First Trust Advisors LP’s holdings in BCE were worth $61,103,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in BCE in the second quarter worth $25,000. Flagship Harbor Advisors LLC grew its position in BCE by 57.7% in the third quarter. Flagship Harbor Advisors LLC now owns 653 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 239 shares in the last quarter. Carroll Financial Associates Inc. grew its position in BCE by 155.3% in the third quarter. Carroll Financial Associates Inc. now owns 697 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 424 shares in the last quarter. Lindbrook Capital LLC grew its position in BCE by 72.9% in the second quarter. Lindbrook Capital LLC now owns 854 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 360 shares in the last quarter. Finally, Usca Ria LLC purchased a new position in BCE in the third quarter worth $52,000. Institutional investors own 43.87% of the company’s stock.

NYSE BCE opened at $47.80 on Friday. The company has a 50-day simple moving average of $48.17 and a two-hundred day simple moving average of $46.48. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 1.30. BCE Inc. has a 12-month low of $38.85 and a 12-month high of $49.58. The firm has a market cap of $43.22 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 4.53 and a beta of 0.38.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.21. BCE had a net margin of 12.61% and a return on equity of 18.75%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.99 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts expect that BCE Inc. will post 2.68 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of BCE from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research report on Monday, September 9th. Citigroup upped their target price on shares of BCE from $60.00 to $62.00 in a research report on Saturday, November 2nd. Desjardins lowered shares of BCE to a “hold” rating in a research report on Friday, August 2nd. National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets restated a “buy” rating and set a $65.00 price target on shares of BCE in a research report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $60.00.

BCE Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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