Bruderman Asset Management LLC grew its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 304,794 shares of the utilities provider’s stock after buying an additional 5,672 shares during the period. BCE accounts for about 3.7% of Bruderman Asset Management LLC’s portfolio, making the stock its 4th largest position. Bruderman Asset Management LLC’s holdings in BCE were worth $14,273,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its stake in BCE by 11.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 63,700 shares of the utilities provider’s stock worth $2,983,000 after purchasing an additional 6,400 shares in the last quarter. BB&T Securities LLC boosted its stake in BCE by 1.7% in the 3rd quarter. BB&T Securities LLC now owns 257,457 shares of the utilities provider’s stock worth $12,056,000 after purchasing an additional 4,210 shares in the last quarter. USS Investment Management Ltd boosted its stake in BCE by 15.2% in the 3rd quarter. USS Investment Management Ltd now owns 159,828 shares of the utilities provider’s stock worth $7,495,000 after purchasing an additional 21,100 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in BCE by 27.0% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 191,859 shares of the utilities provider’s stock worth $8,995,000 after purchasing an additional 40,760 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in BCE by 3.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 112,442 shares of the utilities provider’s stock worth $5,269,000 after purchasing an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

BCE, Inc. (NYSE:BCE) traded down $0.18 on Friday, reaching $47.81. 1,012,600 shares of the company’s stock were exchanged, compared to its average volume of 859,729. BCE, Inc. has a 12 month low of $42.44 and a 12 month high of $48.87. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.18. The stock has a market cap of $43,710.00, a price-to-earnings ratio of 18.76, a PEG ratio of 5.25 and a beta of 0.35.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a dividend of $0.558 per share. This represents a $2.23 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Thursday, December 14th. BCE’s dividend payout ratio is presently 91.63%.

A number of research firms recently commented on BCE. Bank of America began coverage on shares of BCE in a research note on Tuesday, November 21st. They issued a “buy” rating and a $54.00 target price for the company. Morgan Stanley lifted their target price on shares of BCE from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of BCE from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded shares of BCE from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Barclays lifted their target price on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. BCE presently has an average rating of “Buy” and a consensus target price of $56.50.

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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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