Candriam Luxembourg S.C.A. Has $3.39 Million Holdings in BCE, Inc. (BCE)

Candriam Luxembourg S.C.A. raised its stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,519 shares of the utilities provider’s stock after purchasing an additional 3,140 shares during the period. Candriam Luxembourg S.C.A.’s holdings in BCE were worth $3,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BCE. Dimensional Fund Advisors LP raised its position in BCE by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 63,516 shares of the utilities provider’s stock valued at $2,812,000 after purchasing an additional 1,411 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of BCE by 4.9% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 71,910 shares of the utilities provider’s stock worth $3,239,000 after acquiring an additional 3,369 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of BCE during the 2nd quarter worth about $1,115,000. Jarislowsky Fraser Ltd raised its position in shares of BCE by 1.1% during the 2nd quarter. Jarislowsky Fraser Ltd now owns 470,883 shares of the utilities provider’s stock worth $21,174,000 after acquiring an additional 5,261 shares in the last quarter. Finally, Chemung Canal Trust Co. raised its position in shares of BCE by 59.5% during the 2nd quarter. Chemung Canal Trust Co. now owns 47,289 shares of the utilities provider’s stock worth $2,130,000 after acquiring an additional 17,650 shares in the last quarter. 42.60% of the stock is currently owned by institutional investors.

BCE, Inc. (NYSE:BCE) opened at $48.35 on Wednesday. The stock has a market capitalization of $43,311.00, a P/E ratio of 18.64, a P/E/G ratio of 5.21 and a beta of 0.34. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.47 and a current ratio of 0.51. BCE, Inc. has a 12 month low of $42.24 and a 12 month high of $48.46.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be paid a dividend of $0.558 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.23 dividend on an annualized basis and a yield of 4.62%. BCE’s dividend payout ratio is presently 93.50%.

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Several equities research analysts have recently weighed in on BCE shares. BidaskClub raised BCE from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised BCE from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, October 4th. Morgan Stanley cut their target price on BCE from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 27th. Canaccord Genuity reissued a “hold” rating and set a $60.00 target price on shares of BCE in a research report on Thursday, November 2nd. Finally, Argus started coverage on BCE in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $56.60.

About BCE

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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