Assetmark Inc. boosted its stake in BCE Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 16.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,538 shares of the utilities provider’s stock after purchasing an additional 12,071 shares during the period. Assetmark Inc.’s holdings in BCE were worth $3,742,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec grew its holdings in BCE by 53.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,375,600 shares of the utilities provider’s stock worth $742,107,000 after acquiring an additional 4,661,300 shares during the period. Norges Bank acquired a new stake in BCE during the 4th quarter worth about $117,492,000. Bank of Nova Scotia grew its holdings in BCE by 4.0% during the 4th quarter. Bank of Nova Scotia now owns 14,196,334 shares of the utilities provider’s stock worth $623,737,000 after acquiring an additional 548,862 shares during the period. Vanguard Group Inc. grew its holdings in BCE by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 12,312,482 shares of the utilities provider’s stock worth $682,849,000 after acquiring an additional 504,219 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of BCE by 225.6% during the 4th quarter. Two Sigma Advisers LP now owns 620,000 shares of the utilities provider’s stock worth $27,249,000 after purchasing an additional 429,600 shares in the last quarter. 38.75% of the stock is currently owned by institutional investors and hedge funds.
BCE Price Performance
BCE stock opened at $42.23 on Tuesday. BCE Inc. has a 52 week low of $39.88 and a 52 week high of $51.11. The company’s 50 day moving average price is $44.70 and its two-hundred day moving average price is $45.54. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.60. The stock has a market cap of $38.52 billion, a P/E ratio of 22.34, a P/E/G ratio of 5.91 and a beta of 0.59.
BCE Increases Dividend
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of BCE from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th. Barclays cut their price objective on shares of BCE from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday. TheStreet cut shares of BCE from a “b” rating to a “c+” rating in a research report on Thursday. Scotiabank cut shares of BCE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, April 10th. Finally, TD Securities raised shares of BCE from a “hold” rating to a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.84.
Check Out Our Latest Stock Analysis on BCE
BCE Company Profile
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 three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.
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