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

Fiera Capital Corp raised its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 24.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 262,088 shares of the utilities provider’s stock after buying an additional 51,661 shares during the quarter. Fiera Capital Corp’s holdings in BCE were worth $9,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ESL Trust Services LLC acquired a new stake in shares of BCE in the 1st quarter valued at approximately $31,000. Massmutual Trust Co. FSB ADV raised its holdings in BCE by 3,480.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,074 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,044 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of BCE by 121.2% during the third quarter. Hexagon Capital Partners LLC now owns 1,232 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 675 shares in the last quarter. Brown Lisle Cummings Inc. increased its position 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 buying an additional 600 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its stake in BCE by 321.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,663 shares of the utilities provider’s stock worth $58,000 after buying an additional 1,268 shares during the period. Institutional investors own 41.46% of the company’s stock.

BCE Trading Up 1.1 %

BCE stock opened at $28.37 on Friday. The company has a market cap of $25.88 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 4.87 and a beta of 0.59. The firm has a 50-day moving average of $33.60 and a 200-day moving average of $33.57. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.65 and a quick ratio of 0.62. BCE Inc. has a one year low of $27.29 and a one year high of $41.77.

BCE Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays decreased their target price on BCE from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 9th. Canaccord Genuity Group lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday. Edward Jones downgraded shares of BCE from a “buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity Group reaffirmed a “hold” rating on shares of BCE in a research note on Tuesday. Finally, Cibc World Mkts raised BCE from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, BCE has a consensus rating of “Hold” and an average price target of $46.33.

About BCE

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.