Quadrant Capital Group LLC trimmed its position in shares of BCE Inc. (NYSE:BCE – Get Rating) (TSE:BCE) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,476 shares of the utilities provider’s stock after selling 383 shares during the quarter. Quadrant Capital Group LLC’s holdings in BCE were worth $109,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in BCE. Wrapmanager Inc. raised its stake in shares of BCE by 1.1% during the 4th quarter. Wrapmanager Inc. now owns 20,603 shares of the utilities provider’s stock worth $906,000 after buying an additional 226 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of BCE by 3.5% during the 3rd quarter. Checchi Capital Advisers LLC now owns 7,535 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 252 shares in the last quarter. Marcum Wealth LLC grew its stake in shares of BCE by 3.9% during the 4th quarter. Marcum Wealth LLC now owns 6,803 shares of the utilities provider’s stock worth $299,000 after purchasing an additional 253 shares during the period. Cerro Pacific Wealth Advisors LLC increased its holdings in shares of BCE by 3.8% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 7,463 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 276 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its holdings in BCE by 1.0% during the fourth quarter. Achmea Investment Management B.V. now owns 27,634 shares of the utilities provider’s stock worth $1,137,000 after buying an additional 276 shares in the last quarter. 42.92% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on BCE shares. StockNews.com cut BCE from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Scotiabank lowered BCE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, April 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, BCE presently has a consensus rating of “Hold” and a consensus price target of $62.72.
BCE Stock Performance
BCE Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 15th will be paid a $0.714 dividend. This is an increase from BCE’s previous quarterly dividend of $0.71. The ex-dividend date is Wednesday, June 14th. This represents a $2.86 annualized dividend and a yield of 6.25%. BCE’s payout ratio is presently 131.92%.
BCE Profile
BCE, Inc is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers.
Further Reading
- Get a free copy of the StockNews.com research report on BCE (BCE)
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