Keudell Morrison Wealth Management Sells 1,086 Shares of BCE Inc. (NYSE:BCE)

Keudell Morrison Wealth Management cut its position in BCE Inc. (NYSE:BCE) (TSE:BCE) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 27,901 shares of the utilities provider’s stock after selling 1,086 shares during the period. Keudell Morrison Wealth Management’s holdings in BCE were worth $971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC raised its stake in shares of BCE by 2.6% in the second quarter. AE Wealth Management LLC now owns 14,383 shares of the utilities provider’s stock valued at $466,000 after buying an additional 367 shares during the period. Caldwell Sutter Capital Inc. raised its stake in shares of BCE by 3.9% during the 3rd quarter. Caldwell Sutter Capital Inc. now owns 11,856 shares of the utilities provider’s stock valued at $413,000 after purchasing an additional 445 shares during the period. First Affirmative Financial Network raised its stake in shares of BCE by 6.1% during the 3rd quarter. First Affirmative Financial Network now owns 8,181 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 472 shares during the period. Simplicity Wealth LLC raised its stake in shares of BCE by 4.7% during the 2nd quarter. Simplicity Wealth LLC now owns 11,331 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 509 shares during the period. Finally, Brown Lisle Cummings Inc. raised its stake in shares of BCE by 60.0% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,600 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 600 shares during the period. 41.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BCE. Barclays reduced their target price on BCE from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 9th. Cibc World Mkts upgraded BCE from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 2nd. Canaccord Genuity Group restated a “hold” rating on shares of BCE in a research report on Tuesday. National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Edward Jones cut BCE from a “buy” rating to a “hold” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.33.

BCE Trading Down 4.9 %

BCE stock traded down $1.40 during trading on Thursday, hitting $27.34. 1,227,323 shares of the company traded hands, compared to its average volume of 2,251,158. The firm has a market capitalization of $24.94 billion, a PE ratio of 18.08, a P/E/G ratio of 5.36 and a beta of 0.59. BCE Inc. has a 1 year low of $27.31 and a 1 year high of $41.77. The company has a 50-day moving average of $33.87 and a 200-day moving average of $33.64. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.62 and a current ratio of 0.65.

BCE Company Profile

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.