Baird Financial Group Inc. lifted its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,854 shares of the utilities provider’s stock after purchasing an additional 8,580 shares during the period. Baird Financial Group Inc.’s holdings in BCE were worth $1,978,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BCE. Cerebellum GP LLC lifted its position in BCE by 171.5% during the 2nd quarter. Cerebellum GP LLC now owns 4,268 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 2,696 shares during the period. Lenox Wealth Management Inc. lifted its position in BCE by 42.2% during the 2nd quarter. Lenox Wealth Management Inc. now owns 4,958 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,472 shares during the period. Checchi Capital Advisers LLC purchased a new position in BCE during the 2nd quarter valued at about $211,000. Private Vista LLC purchased a new position in BCE during the 1st quarter valued at about $226,000. Finally, Canandaigua National Bank & Trust Co. purchased a new position in BCE during the 1st quarter valued at about $359,000. 43.80% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on BCE. Edward Jones raised shares of BCE from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. ValuEngine cut shares of BCE from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $56.00.

NYSE:BCE opened at $39.91 on Monday. The stock has a market cap of $36.50 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 4.35 and a beta of 0.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.50 and a quick ratio of 0.46. BCE Inc. has a fifty-two week low of $39.76 and a fifty-two week high of $49.06.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. The business had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.81 billion. BCE had a net margin of 12.00% and a return on equity of 18.67%. BCE’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. equities research analysts expect that BCE Inc. will post 2.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.58 per share. This is a positive change from BCE’s previous quarterly dividend of $0.56. This represents a $2.32 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Thursday, September 13th. BCE’s dividend payout ratio (DPR) is currently 87.40%.

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. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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