Commonwealth Equity Services LLC grew its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,385 shares of the utilities provider’s stock after purchasing an additional 3,902 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BCE were worth $2,439,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its stake in shares of BCE by 5.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 4,607 shares of the utilities provider’s stock worth $222,000 after acquiring an additional 229 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of 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 during the period. Liberty Wealth Management LLC lifted its stake in shares of BCE by 22.9% in the third quarter. Liberty Wealth Management LLC now owns 1,324 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 247 shares during the period. Grove Bank & Trust lifted its stake in shares of BCE by 1.2% in the second quarter. Grove Bank & Trust now owns 22,486 shares of the utilities provider’s stock worth $1,022,000 after acquiring an additional 261 shares during the period. Finally, Icon Wealth Partners LLC lifted its stake in shares of BCE by 4.2% in the second quarter. Icon Wealth Partners LLC now owns 6,943 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 278 shares during the period. 43.87% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on BCE shares. Citigroup boosted their price target on BCE from $60.00 to $62.00 in a research note on Saturday, November 2nd. Scotiabank reissued a “buy” rating on shares of BCE in a research note on Friday, August 16th. Zacks Investment Research lowered BCE from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Monday, September 9th. BMO Capital Markets reissued a “buy” rating and issued a $65.00 price target on shares of BCE in a research note on Monday, September 9th. Finally, National Bank Financial raised BCE from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 20th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $60.00.

Shares of BCE opened at $47.80 on Friday. BCE Inc. has a 52-week low of $38.85 and a 52-week high of $49.58. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.60. The business’s 50 day moving average price is $48.17 and its two-hundred day moving average price is $46.48. The firm has a market cap of $43.22 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 4.53 and a beta of 0.38.

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

BCE Company 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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