Davis Rea LTD. lessened its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 0.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 72,639 shares of the utilities provider’s stock after selling 596 shares during the quarter. BCE comprises 1.9% of Davis Rea LTD.’s portfolio, making the stock its 22nd largest holding. Davis Rea LTD.’s holdings in BCE were worth $3,268,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1832 Asset Management L.P. raised its position in shares of BCE by 7.7% during the 4th quarter. 1832 Asset Management L.P. now owns 12,433,669 shares of the utilities provider’s stock worth $491,709,000 after acquiring an additional 890,742 shares in the last quarter. Bank of Nova Scotia raised its position in shares of BCE by 6.1% during the 4th quarter. Bank of Nova Scotia now owns 8,843,663 shares of the utilities provider’s stock worth $349,650,000 after acquiring an additional 506,546 shares in the last quarter. Vanguard Group Inc. raised its position in shares of BCE by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,072,939 shares of the utilities provider’s stock worth $327,115,000 after acquiring an additional 220,625 shares in the last quarter. Vanguard Group Inc raised its position in shares of BCE by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 8,072,939 shares of the utilities provider’s stock worth $327,115,000 after acquiring an additional 220,625 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of BCE by 14.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 7,781,823 shares of the utilities provider’s stock worth $307,882,000 after acquiring an additional 988,906 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

BCE has been the topic of several research analyst reports. Zacks Investment Research lowered BCE from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. National Bank Financial lowered BCE from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 4th. Argus raised BCE from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, March 8th. Finally, BMO Capital Markets reissued an “average” rating and set a $62.00 target price on shares of BCE in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.25.

BCE traded up $0.17 during trading on Thursday, hitting $45.08. 615,931 shares of the stock were exchanged, compared to its average volume of 909,280. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 4.80 and a beta of 0.46. BCE Inc. has a 1-year low of $38.75 and a 1-year high of $45.27. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 1.18.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, February 7th. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.19 billion. BCE had a return on equity of 18.87% and a net margin of 12.30%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Equities analysts expect that BCE Inc. will post 2.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be given a dividend of $0.604 per share. This is a positive change from BCE’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, March 14th. This represents a $2.42 annualized dividend and a yield of 5.36%. BCE’s payout ratio is 87.82%.

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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. 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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