Miller Howard Investments Inc. NY lifted its stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 26.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,847,313 shares of the utilities provider’s stock after acquiring an additional 386,704 shares during the quarter. BCE accounts for about 1.8% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 14th largest position. Miller Howard Investments Inc. NY owned 0.21% of BCE worth $86,510,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of BCE by 0.7% during the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 20 shares during the period. Camarda Financial Advisors LLC increased its holdings in BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the last quarter. AT Bancorp purchased a new position in BCE in the second quarter valued at $149,000. Howland Capital Management LLC purchased a new position in BCE in the third quarter valued at $202,000. Finally, Adell Harriman & Carpenter Inc. purchased a new position in BCE in the second quarter valued at $203,000. 43.02% of the stock is currently owned by institutional investors and hedge funds.
BCE (NYSE:BCE) (TSE:BCE) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.65 billion. BCE had a net margin of 12.85% and a return on equity of 21.08%. BCE’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS.
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Several equities analysts have issued reports on BCE shares. BidaskClub upgraded shares of BCE from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Argus started coverage on shares of BCE in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. Zacks Investment Research downgraded shares of BCE from a “buy” rating to a “sell” rating in a research note on Wednesday, October 25th. Morgan Stanley decreased their price objective on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 27th. Finally, Barclays PLC upped their price objective on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. BCE presently has a consensus rating of “Hold” and a consensus target price of $56.83.
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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