Bruderman Asset Management LLC boosted its holdings in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 259,727 shares of the utilities provider’s stock after purchasing an additional 4,648 shares during the period. BCE comprises approximately 2.4% of Bruderman Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Bruderman Asset Management LLC’s holdings in BCE were worth $10,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Edge Wealth Management LLC acquired a new position in shares of BCE in the 3rd quarter worth approximately $103,000. Stratos Wealth Partners LTD. acquired a new stake in BCE during the 3rd quarter worth approximately $133,000. Lenox Wealth Management Inc. lifted its holdings in BCE by 42.2% during the 2nd quarter. Lenox Wealth Management Inc. now owns 4,958 shares of the utilities provider’s stock worth $204,000 after buying an additional 1,472 shares in the last quarter. New England Asset Management Inc. acquired a new stake in BCE during the 2nd quarter worth approximately $203,000. Finally, Checchi Capital Advisers LLC acquired a new stake in BCE during the 2nd quarter worth approximately $211,000. Institutional investors own 42.51% of the company’s stock.

Shares of BCE stock opened at $42.11 on Thursday. BCE Inc. has a 1 year low of $38.75 and a 1 year high of $49.06. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.14. The firm has a market cap of $37.30 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 4.48 and a beta of 0.32.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. BCE had a net margin of 12.13% and a return on equity of 18.73%. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the firm posted $0.86 EPS. BCE’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts forecast that BCE Inc. will post 2.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a dividend of $0.574 per share. This represents a $2.30 annualized dividend and a yield of 5.45%. The ex-dividend date is Thursday, December 13th. BCE’s payout ratio is currently 88.55%.

A number of research firms have issued reports on BCE. Zacks Investment Research lowered shares of BCE from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Barclays dropped their price objective on shares of BCE from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, November 2nd. Edward Jones raised shares of BCE from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Scotiabank raised shares of BCE from a “sector perform” rating to a “buy” rating in a research report on Wednesday, October 10th. Finally, ValuEngine raised shares of BCE from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $45.50.

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BCE Company Profile

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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