Canada Pension Plan Investment Board lifted its position in BCE Inc. (NYSE:BCE) (TSE:BCE) by 358.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 382,010 shares of the utilities provider’s stock after purchasing an additional 298,700 shares during the period. Canada Pension Plan Investment Board’s holdings in BCE were worth $15,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Trail Advisors LLC lifted its stake in shares of BCE by 20.7% in the 1st quarter. Summit Trail Advisors LLC now owns 13,256 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 2,270 shares during the period. Cerebellum GP LLC lifted its stake in shares of BCE by 171.5% in the 2nd quarter. Cerebellum GP LLC now owns 4,268 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 2,696 shares during the period. Lenox Wealth Management Inc. lifted its stake in shares of BCE by 42.2% in the 2nd quarter. Lenox Wealth Management Inc. now owns 4,958 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 1,472 shares during the period. Checchi Capital Advisers LLC acquired a new position in shares of BCE in the 2nd quarter valued at $211,000. Finally, Private Vista LLC acquired a new position in shares of BCE in the 1st quarter valued at $226,000. Hedge funds and other institutional investors own 43.44% of the company’s stock.

NYSE BCE opened at $41.02 on Friday. BCE Inc. has a 12 month low of $40.19 and a 12 month high of $49.06. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.46 and a current ratio of 0.50. The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 4.43 and a beta of 0.34.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, August 2nd. The utilities provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.19. BCE had a net margin of 12.00% and a return on equity of 18.67%. The company had revenue of $5.79 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. BCE’s revenue for the quarter was up 1.7% compared to the same quarter last year. analysts predict that BCE Inc. will post 2.67 EPS for the current fiscal year.

BCE has been the subject of several analyst reports. ValuEngine cut shares of BCE from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Edward Jones upgraded shares of BCE from a “hold” rating to a “buy” rating in a research note on Monday, August 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BCE has a consensus rating of “Hold” and a consensus target price of $56.00.

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. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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