1 week Ago By ABMN Staff
JPMorgan Chase & Co. lowered its position in BCE Inc. ( NYSE:BCE – Free Report ) (TSE:BCE) by 78.
4% during the 4th quarter, HoldingsChannel reports. The fund owned 790,028 shares of the utilities provider’s stock after selling 2,867,505 shares during the period. JPMorgan Chase & Co.
’s holdings in BCE were worth $18,313,000 at the end of the most recent quarter. Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in BCE by 217.
6% in the fourth quarter. Allworth Financial LP now owns 1,153 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 790 shares during the last quarter. Blue Trust Inc.
lifted its stake in shares of BCE by 1,147.3% during the 4th quarter. Blue Trust Inc.
now owns 1,397 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 1,285 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in BCE by 67.6% during the 4th quarter.
MassMutual Private Wealth & Trust FSB now owns 1,981 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 799 shares during the period. Vision Financial Markets LLC bought a new position in BCE in the 4th quarter valued at $49,000. Finally, Flagship Wealth Advisors LLC bought a new position in BCE in the 4th quarter valued at $59,000.
Institutional investors own 41.46% of the company’s stock. BCE Stock Performance Shares of BCE stock opened at $21.
31 on Friday. The company’s 50 day moving average is $23.12 and its 200 day moving average is $25.
95. The company has a quick ratio of 0.60, a current ratio of 0.
62 and a debt-to-equity ratio of 2.26. The firm has a market cap of $19.
64 billion, a price-to-earnings ratio of 177.54, a PEG ratio of 4.13 and a beta of 0.
56. BCE Inc. has a 52-week low of $20.
28 and a 52-week high of $36.17. BCE Cuts Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders of record on Friday, March 14th will be issued a $0.6965 dividend. This represents a $2.
79 dividend on an annualized basis and a dividend yield of 13.08%. The ex-dividend date of this dividend is Friday, March 14th.
BCE’s dividend payout ratio is currently 2,291.67%. Wall Street Analyst Weigh In BCE has been the subject of several research analyst reports.
Royal Bank of Canada reiterated a “sector perform” rating and set a $39.00 target price on shares of BCE in a research report on Tuesday, February 25th. Morgan Stanley began coverage on shares of BCE in a research report on Monday, December 16th.
They issued an “underweight” rating for the company. National Bank Financial raised shares of BCE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. Barclays reiterated an “underweight” rating on shares of BCE in a report on Tuesday, January 21st.
Finally, National Bankshares reissued a “sector perform” rating on shares of BCE in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00. Check Out Our Latest Stock Report on BCE BCE Company Profile ( Free Report ) BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada.
The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers. Featured Stories 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 – Free Report ) (TSE:BCE). Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.
com's FREE daily email newsletter ..
