Whittier Trust Co. Has $105,000 Stock Position in BCE Inc. (NYSE:BCE)

Whittier Trust Co. boosted its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 87.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,180 shares of the utilities provider’s stock after buying an additional 1,015 shares during the period. Whittier Trust Co.’s holdings in BCE were worth $105,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in BCE in the 2nd quarter valued at about $25,000. Carroll Financial Associates Inc. grew its stake in BCE by 155.3% in the 3rd quarter. Carroll Financial Associates Inc. now owns 697 shares of the utilities provider’s stock valued at $33,000 after buying an additional 424 shares during the last quarter. Lindbrook Capital LLC grew its stake in BCE by 72.9% in the 2nd quarter. Lindbrook Capital LLC now owns 854 shares of the utilities provider’s stock valued at $38,000 after buying an additional 360 shares during the last quarter. Griffin Asset Management Inc. acquired a new position in BCE in the 2nd quarter valued at about $51,000. Finally, Putnam FL Investment Management Co. acquired a new position in BCE in the 2nd quarter valued at about $57,000. Institutional investors and hedge funds own 43.70% of the company’s stock.

Shares of NYSE:BCE traded down $0.04 on Thursday, reaching $46.72. 42,672 shares of the company’s stock were exchanged, compared to its average volume of 925,262. The company has a fifty day moving average of $48.39 and a 200-day moving average of $46.31. BCE Inc. has a twelve month low of $38.75 and a twelve month high of $49.58. The company has a market capitalization of $42.52 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 4.64 and a beta of 0.39. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.33.

BCE (NYSE:BCE) (TSE:BCE) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. BCE had a net margin of 12.51% and a return on equity of 19.15%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.90 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that BCE Inc. will post 2.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th were issued a dividend of $0.601 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from BCE’s previous quarterly dividend of $0.59. BCE’s dividend payout ratio is 88.19%.

A number of research analysts recently commented on the stock. Scotiabank reiterated a “buy” rating on shares of BCE in a research note on Friday, August 16th. JPMorgan Chase & Co. lowered shares of BCE from an “overweight” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research report on Monday, July 8th. Desjardins lowered shares of BCE to a “hold” rating in a research report on Friday, August 2nd. BMO Capital Markets restated a “buy” rating and set a $65.00 target price on shares of BCE in a research report on Monday, September 9th. Finally, National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.33.

BCE Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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