Forte Capital LLC ADV Increases Stake in BCE Inc. (NYSE:BCE)

Forte Capital LLC ADV raised its stake in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,357 shares of the utilities provider’s stock after buying an additional 319 shares during the quarter. Forte Capital LLC ADV’s holdings in BCE were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Nova Scotia grew its holdings in BCE by 17.4% during the 2nd quarter. Bank of Nova Scotia now owns 9,555,045 shares of the utilities provider’s stock valued at $432,138,000 after buying an additional 1,416,703 shares in the last quarter. Vanguard Group Inc. grew its holdings in BCE by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 9,444,677 shares of the utilities provider’s stock valued at $429,544,000 after buying an additional 415,829 shares in the last quarter. Charles Schwab Investment Advisory Inc. grew its holdings in BCE by 3.7% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 7,697,691 shares of the utilities provider’s stock valued at $350,091,000 after buying an additional 273,004 shares in the last quarter. APG Asset Management N.V. grew its holdings in BCE by 29.6% during the 2nd quarter. APG Asset Management N.V. now owns 5,291,031 shares of the utilities provider’s stock valued at $211,840,000 after buying an additional 1,207,700 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in BCE by 1.6% during the 2nd quarter. Scotia Capital Inc. now owns 5,264,076 shares of the utilities provider’s stock valued at $239,068,000 after buying an additional 80,853 shares in the last quarter. 43.85% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on BCE shares. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 price objective on shares of BCE in a report on Monday, September 9th. Scotiabank reissued a “buy” rating on shares of BCE in a report on Friday, August 16th. Desjardins lowered shares of BCE to a “hold” rating in a report on Friday, August 2nd. 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 report on Monday, September 9th. Finally, National Bank Financial raised shares of BCE from a “sector perform” rating to an “outperform” rating in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $59.33.

Shares of BCE stock traded up $0.11 on Wednesday, reaching $48.56. The company’s stock had a trading volume of 693,424 shares, compared to its average volume of 845,456. The stock’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $46.00. BCE Inc. has a 1 year low of $38.75 and a 1 year high of $48.84. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $43.61 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 5.19 and a beta of 0.39.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. BCE had a net margin of 12.51% and a return on equity of 19.15%. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.90 billion. During the same period last year, the firm posted $0.86 earnings per share. BCE’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts forecast that BCE Inc. will post 2.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $0.601 dividend. The ex-dividend date is Friday, September 13th. This is a positive change from BCE’s previous quarterly dividend of $0.59. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.95%. BCE’s dividend payout ratio (DPR) is 87.82%.

About BCE

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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