Great West Life Assurance Co. Can boosted its holdings in BCE Inc. (NYSE:BCE) (TSE:BCE) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,931,450 shares of the utilities provider’s stock after buying an additional 149,627 shares during the period. BCE makes up about 0.9% of Great West Life Assurance Co. Can’s investment portfolio, making the stock its 11th largest position. Great West Life Assurance Co. Can’s holdings in BCE were worth $350,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BCE. TD Asset Management Inc. boosted its stake in BCE by 1.6% in the 1st quarter. TD Asset Management Inc. now owns 17,747,576 shares of the utilities provider’s stock valued at $788,308,000 after buying an additional 274,189 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in BCE by 7.7% in the 4th quarter. 1832 Asset Management L.P. now owns 12,433,669 shares of the utilities provider’s stock valued at $491,709,000 after buying an additional 890,742 shares in the last quarter. Bank of Nova Scotia boosted its stake in BCE by 6.1% in the 4th quarter. Bank of Nova Scotia now owns 8,843,663 shares of the utilities provider’s stock valued at $349,650,000 after buying an additional 506,546 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its stake in BCE by 7.4% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 7,177,591 shares of the utilities provider’s stock valued at $283,414,000 after buying an additional 493,137 shares in the last quarter. Finally, Scotia Capital Inc. boosted its stake in BCE by 10.1% in the 4th quarter. Scotia Capital Inc. now owns 5,096,399 shares of the utilities provider’s stock valued at $201,250,000 after buying an additional 466,069 shares in the last quarter. 43.58% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the company. Zacks Investment Research lowered BCE from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. BMO Capital Markets reissued an “average” rating and issued a $62.00 price objective on shares of BCE in a research note on Friday, April 5th. Barclays reissued an “average” rating and issued a $66.00 price objective on shares of BCE in a research note on Sunday, May 5th. Citigroup lowered BCE from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd. Finally, Desjardins lowered BCE from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.00.

Shares of BCE stock traded down $0.14 on Wednesday, reaching $45.34. 7,946 shares of the stock were exchanged, compared to its average volume of 812,015. The company has a market cap of $40.90 billion, a P/E ratio of 16.72, a PEG ratio of 4.91 and a beta of 0.46. BCE Inc. has a one year low of $38.75 and a one year high of $45.71. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

BCE (NYSE:BCE) (TSE:BCE) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $5.75 billion. BCE had a return on equity of 18.66% and a net margin of 12.56%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. As a group, equities research analysts anticipate that BCE Inc. will post 2.62 earnings per share for the current fiscal year.

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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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