PFG Advisors acquired a new stake in BCE Inc. (NYSE:BCE) (TSE:BCE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,653 shares of the utilities provider’s stock, valued at approximately $590,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of BCE by 5.6% during the fourth quarter. Macquarie Group Ltd. now owns 24,000 shares of the utilities provider’s stock worth $949,000 after acquiring an additional 1,280 shares during the last quarter. Cetera Investment Advisers increased its holdings in BCE by 12.1% in the fourth quarter. Cetera Investment Advisers now owns 6,641 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 715 shares during the last quarter. First Allied Advisory Services Inc. increased its holdings in BCE by 8.4% in the fourth quarter. First Allied Advisory Services Inc. now owns 16,179 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 1,258 shares during the last quarter. Premier Asset Management LLC increased its holdings in BCE by 8.3% in the fourth quarter. Premier Asset Management LLC now owns 27,235 shares of the utilities provider’s stock valued at $1,077,000 after purchasing an additional 2,090 shares during the last quarter. Finally, M Holdings Securities Inc. bought a new stake in BCE in the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 43.88% of the company’s stock.

NYSE BCE traded down $0.10 on Thursday, reaching $44.37. The company had a trading volume of 21,075 shares, compared to its average volume of 918,051. The company has a market capitalization of $39.95 billion, a PE ratio of 16.40, a P/E/G ratio of 4.77 and a beta of 0.46. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 1.18. BCE Inc. has a 52 week low of $38.75 and a 52 week high of $44.86.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, February 7th. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, sell-side analysts predict that BCE Inc. will post 2.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.604 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 5.45%. This is a boost from BCE’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, March 14th. BCE’s payout ratio is presently 87.82%.

A number of equities research analysts recently commented on BCE shares. National Bank Financial downgraded BCE from an “outperform” rating to a “sector perform” rating in a report on Friday, January 4th. Argus upgraded BCE from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, March 8th. Finally, Zacks Investment Research downgraded BCE from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. BCE has a consensus rating of “Hold” and an average price target of $46.33.

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About BCE

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.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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