Steward Partners Investment Advisory LLC lowered its stake in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 31.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,764 shares of the utilities provider’s stock after selling 3,956 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BCE were worth $355,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Edge Wealth Management LLC acquired a new stake in shares of BCE during the 3rd quarter valued at $103,000. Cerebellum GP LLC boosted its stake in shares of 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 buying an additional 2,696 shares during the period. Lenox Wealth Management Inc. boosted its stake in shares of 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 buying an additional 1,472 shares during the period. New England Asset Management Inc. acquired a new stake in shares of BCE during the 2nd quarter valued at $203,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of BCE during the 2nd quarter valued at $211,000. 42.88% of the stock is owned by institutional investors.
BCE stock opened at $38.88 on Thursday. 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 1 year low of $38.75 and a 1 year high of $49.06. The firm has a market capitalization of $35.27 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 4.19 and a beta of 0.29.
A number of equities research analysts have issued reports on BCE shares. Edward Jones raised shares of BCE from a “hold” rating to a “buy” rating in a research note on Monday, August 13th. Scotiabank raised shares of BCE from a “sector perform” rating to a “buy” rating in a research note on Wednesday, October 10th. Zacks Investment Research raised shares of BCE from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Monday, October 15th. Desjardins raised shares of BCE from a “hold” rating to a “buy” rating in a research note on Thursday, October 18th. Finally, TD Securities reissued a “hold” rating on shares of BCE in a research note on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.40.
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.
Further Reading: Understanding each part of a balance sheet
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