Symmetry Partners LLC Boosts Holdings in BCE Inc. (NYSE:BCE)

Symmetry Partners LLC boosted its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 12.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,863 shares of the utilities provider’s stock after buying an additional 1,274 shares during the quarter. Symmetry Partners LLC’s holdings in BCE were worth $574,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. NTV Asset Management LLC raised its stake in shares of BCE by 1.3% during the 3rd quarter. NTV Asset Management LLC now owns 26,680 shares of the utilities provider’s stock worth $1,292,000 after buying an additional 330 shares during the period. Parallel Advisors LLC raised its stake in BCE by 108.0% in the 3rd quarter. Parallel Advisors LLC now owns 2,392 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 1,242 shares during the last quarter. Creative Planning raised its stake in BCE by 24.4% in the 3rd quarter. Creative Planning now owns 12,319 shares of the utilities provider’s stock valued at $596,000 after purchasing an additional 2,414 shares during the last quarter. Willingdon Wealth Management raised its stake in BCE by 2.2% in the 3rd quarter. Willingdon Wealth Management now owns 53,134 shares of the utilities provider’s stock valued at $2,572,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in BCE by 22.2% in the 3rd quarter. Synovus Financial Corp now owns 3,647 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 662 shares during the last quarter. Institutional investors and hedge funds own 43.87% of the company’s stock.

BCE has been the subject of several recent research reports. National Bank Financial raised BCE from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 20th. TD Securities increased their price objective on BCE from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Desjardins downgraded BCE to a “hold” rating in a research note on Friday, August 2nd. Scotiabank reissued a “buy” rating on shares of BCE in a research note on Friday, August 16th. Finally, Citigroup increased their price objective on BCE from $60.00 to $62.00 in a research note on Saturday, November 2nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. BCE has an average rating of “Buy” and an average price target of $59.71.

NYSE:BCE traded down $0.28 during trading hours on Friday, hitting $47.77. The company had a trading volume of 56,952 shares, compared to its average volume of 899,816. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $48.18 and a 200 day moving average of $46.47. The company has a market cap of $43.22 billion, a P/E ratio of 17.63, a P/E/G ratio of 4.53 and a beta of 0.38. BCE Inc. has a 1 year low of $38.85 and a 1 year high of $49.58.

BCE (NYSE:BCE) (TSE:BCE) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.21. The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.99 billion. BCE had a return on equity of 18.75% and a net margin of 12.61%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, analysts forecast that BCE Inc. will post 2.68 earnings per share for the current year.

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. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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