Fiera Capital Corp Has $9.12 Million Holdings in BCE Inc. (NYSE:BCE)

Fiera Capital Corp lifted its position in BCE Inc. (NYSE:BCE) (TSE:BCE) by 24.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,088 shares of the utilities provider’s stock after purchasing an additional 51,661 shares during the quarter. Fiera Capital Corp’s holdings in BCE were worth $9,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC raised its stake in shares of BCE by 2.6% in the 2nd quarter. AE Wealth Management LLC now owns 14,383 shares of the utilities provider’s stock valued at $466,000 after buying an additional 367 shares in the last quarter. Caldwell Sutter Capital Inc. lifted its stake in BCE by 3.9% during the third quarter. Caldwell Sutter Capital Inc. now owns 11,856 shares of the utilities provider’s stock worth $413,000 after purchasing an additional 445 shares during the period. First Affirmative Financial Network boosted its holdings in BCE by 6.1% during the third quarter. First Affirmative Financial Network now owns 8,181 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 472 shares in the last quarter. Simplicity Wealth LLC grew its stake in shares of BCE by 4.7% in the 2nd quarter. Simplicity Wealth LLC now owns 11,331 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 509 shares during the period. Finally, Brown Lisle Cummings Inc. grew its stake in shares of BCE by 60.0% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,600 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 600 shares during the period. 41.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BCE. National Bank Financial lowered BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Canaccord Genuity Group cut shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets lifted their target price on shares of BCE from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday, September 19th. Canaccord Genuity Group reaffirmed a “hold” rating on shares of BCE in a report on Tuesday. Finally, Edward Jones lowered BCE from a “buy” rating to a “hold” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.33.

BCE Trading Up 1.1 %

BCE stock opened at $28.37 on Friday. The business has a fifty day moving average of $33.60 and a 200-day moving average of $33.57. The company has a market cap of $25.88 billion, a P/E ratio of 17.84, a PEG ratio of 4.87 and a beta of 0.59. BCE Inc. has a twelve month low of $27.29 and a twelve month high of $41.77. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 2.00.

BCE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.737 per share. This is a boost from BCE’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.95 annualized dividend and a dividend yield of 10.39%. BCE’s payout ratio is currently 186.16%.

BCE Profile

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.