Baskin Financial Services Inc. reduced its position in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,647 shares of the utilities provider’s stock after selling 3,423 shares during the period. BCE makes up approximately 3.3% of Baskin Financial Services Inc.’s portfolio, making the stock its 8th largest position. Baskin Financial Services Inc.’s holdings in BCE were worth $15,503,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Camarda Financial Advisors LLC raised its position in BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the period. Parkside Financial Bank & Trust raised its position in BCE by 0.3% in the first quarter. Parkside Financial Bank & Trust now owns 7,890 shares of the utilities provider’s stock valued at $349,000 after buying an additional 20 shares during the period. SG Americas Securities LLC raised its position in BCE by 0.7% in the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock valued at $131,000 after buying an additional 20 shares during the period. FTB Advisors Inc. raised its position in BCE by 1.2% in the first quarter. FTB Advisors Inc. now owns 7,579 shares of the utilities provider’s stock valued at $339,000 after buying an additional 87 shares during the period. Finally, Genesee Valley Trust Co. raised its position in BCE by 1.6% in the first quarter. Genesee Valley Trust Co. now owns 7,583 shares of the utilities provider’s stock valued at $335,000 after buying an additional 120 shares during the period. Institutional investors own 43.92% of the company’s stock.

Shares of BCE, Inc. (NYSE BCE) opened at 46.81 on Thursday. The stock has a market capitalization of $42.11 billion, a price-to-earnings ratio of 17.99 and a beta of 0.36. BCE, Inc. has a 52-week low of $41.83 and a 52-week high of $49.03. The stock has a 50 day moving average of $45.32 and a 200-day moving average of $44.73.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Wednesday, April 26th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.37 billion. BCE had a return on equity of 22.03% and a net margin of 13.36%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. On average, equities research analysts predict that BCE, Inc. will post $2.70 EPS for the current fiscal year.

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Several research firms have recently weighed in on BCE. Zacks Investment Research lowered shares of BCE from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Argus began coverage on shares of BCE in a research report on Tuesday, July 18th. They set a “hold” rating for the company. BidaskClub lowered shares of BCE from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Canaccord Genuity set a $60.00 price objective on shares of BCE and gave the company a “hold” rating in a research report on Tuesday, May 16th. Finally, Citigroup Inc. upgraded shares of BCE from a “neutral” rating to a “buy” rating in a research report on Thursday, April 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. BCE currently has a consensus rating of “Buy” and a consensus price target of $58.75.

About BCE

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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