Tdam USA Inc. increased its position in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,787 shares of the utilities provider’s stock after buying an additional 100 shares during the period. Tdam USA Inc.’s holdings in BCE were worth $530,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Camarda Financial Advisors LLC boosted its stake in shares of BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of BCE by 0.3% in the first quarter. Parkside Financial Bank & Trust now owns 7,890 shares of the utilities provider’s stock worth $349,000 after buying an additional 20 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of BCE by 0.7% in the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after buying an additional 20 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of BCE by 0.5% in the second quarter. Park Avenue Securities LLC now owns 7,206 shares of the utilities provider’s stock worth $326,000 after buying an additional 34 shares in the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of BCE by 1.2% in the first quarter. FTB Advisors Inc. now owns 7,579 shares of the utilities provider’s stock worth $339,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 43.99% of the company’s stock.

BCE, Inc. (NYSE BCE) opened at 46.51 on Thursday. The company has a 50 day moving average of $45.88 and a 200-day moving average of $44.93. BCE, Inc. has a one year low of $41.83 and a one year high of $49.03. The firm has a market cap of $41.84 billion, a PE ratio of 17.81 and a beta of 0.36.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. BCE had a net margin of 12.85% and a return on equity of 21.08%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the business earned $0.94 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts predict that BCE, Inc. will post $2.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 15th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 4.95%. This is an increase from BCE’s previous quarterly dividend of $0.53. BCE’s dividend payout ratio (DPR) is presently 87.30%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/08/10/bce-inc-bce-position-boosted-by-tdam-usa-inc.html.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of BCE from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Argus assumed coverage on shares of BCE in a research report on Tuesday, July 18th. They set a “hold” rating for the company. Canaccord Genuity set a $60.00 price target on shares of BCE and gave the company a “hold” rating in a research report on Tuesday, May 16th. BidaskClub cut shares of BCE from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, Barclays PLC lifted their price objective on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BCE currently has an average rating of “Buy” and a consensus target price of $57.17.

BCE Company Profile

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.

Want to see what other hedge funds are holding BCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BCE, Inc. (NYSE:BCE) (TSE:BCE).

Institutional Ownership by Quarter for BCE (NYSE:BCE)

Receive News & Ratings for BCE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE Inc. and related companies with MarketBeat.com's FREE daily email newsletter.