BCE, Inc. (BCE) Shares Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY grew its holdings in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,847,313 shares of the utilities provider’s stock after buying an additional 386,704 shares during the period. BCE accounts for about 1.8% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 14th biggest holding. Miller Howard Investments Inc. NY owned 0.21% of BCE worth $86,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of BCE by 35.8% during the second quarter. BlackRock Inc. now owns 2,062,333 shares of the utilities provider’s stock valued at $92,888,000 after buying an additional 543,921 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of BCE by 113.9% during the second quarter. OMERS ADMINISTRATION Corp now owns 2,088,120 shares of the utilities provider’s stock valued at $93,899,000 after buying an additional 1,111,892 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of BCE by 3.9% during the second quarter. Wells Fargo & Company MN now owns 3,125,798 shares of the utilities provider’s stock valued at $140,786,000 after buying an additional 118,048 shares during the last quarter. Intact Investment Management Inc. increased its stake in shares of BCE by 20.6% during the second quarter. Intact Investment Management Inc. now owns 1,180,098 shares of the utilities provider’s stock valued at $68,916,000 after acquiring an additional 201,960 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of BCE by 18.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 64,967 shares of the utilities provider’s stock valued at $2,926,000 after acquiring an additional 9,950 shares during the period. 42.90% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “BCE, Inc. (BCE) Shares Bought by Miller Howard Investments Inc. NY” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://stocknewstimes.com/2017/11/11/miller-howard-investments-inc-ny-buys-386704-shares-of-bce-inc-bce.html.

A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of BCE from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of BCE from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Morgan Stanley lowered their price objective on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. Barclays PLC raised their price objective on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Finally, National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. BCE presently has a consensus rating of “Buy” and an average target price of $56.60.

BCE, Inc. (NYSE BCE) traded up $0.25 during trading on Friday, reaching $48.22. 598,800 shares of the company’s stock traded hands, compared to its average volume of 874,343. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.47 and a current ratio of 0.51. The firm has a market capitalization of $43,193.95, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 5.19 and a beta of 0.34. BCE, Inc. has a 12-month low of $41.83 and a 12-month high of $48.32.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a $0.558 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.23 annualized dividend and a yield of 4.63%. BCE’s dividend payout ratio (DPR) is 93.50%.

BCE Company Profile

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.

Institutional Ownership by Quarter for BCE (NYSE:BCE)

Receive News & Ratings for BCE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply