BB&T Investment Services Inc. Increases Holdings in BCE, Inc. (BCE)

BB&T Investment Services Inc. raised its holdings in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,044 shares of the utilities provider’s stock after acquiring an additional 4,453 shares during the period. BB&T Investment Services Inc.’s holdings in BCE were worth $1,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCE. APG Asset Management N.V. lifted its stake in shares of BCE by 123.4% in the 3rd quarter. APG Asset Management N.V. now owns 4,492,016 shares of the utilities provider’s stock valued at $209,976,000 after purchasing an additional 2,481,400 shares during the period. Principal Financial Group Inc. acquired a new position in shares of BCE in the 2nd quarter valued at $93,848,000. FMR LLC lifted its stake in shares of BCE by 13.5% in the 2nd quarter. FMR LLC now owns 13,936,315 shares of the utilities provider’s stock valued at $627,607,000 after purchasing an additional 1,662,207 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of BCE by 3,184.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,540,242 shares of the utilities provider’s stock valued at $69,262,000 after purchasing an additional 1,493,348 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of BCE by 113.9% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 2,088,120 shares of the utilities provider’s stock valued at $93,899,000 after purchasing an additional 1,111,892 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Several equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of BCE in a research note on Tuesday, November 21st. They issued a “buy” rating and a $54.00 target price for the company. Morgan Stanley boosted their target price on shares of BCE from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of BCE from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded shares of BCE from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $56.50.

Shares of BCE, Inc. (NYSE:BCE) opened at $48.40 on Monday. The company has a market cap of $43,581.14, a price-to-earnings ratio of 18.76, a P/E/G ratio of 5.25 and a beta of 0.35. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.18. BCE, Inc. has a 1-year low of $42.44 and a 1-year high of $48.87.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be issued a $0.558 dividend. This represents a $2.23 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, December 14th. BCE’s payout ratio is presently 93.50%.

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About BCE

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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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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