Pensions

BCE, Inc. (BCE) Position Held by British Airways Pensions Investment Management Ltd

British Airways Pensions Investment Management Ltd held its stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,653 shares of the utilities provider’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in BCE were worth $2,187,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BCE. SG Americas Securities LLC boosted its stake in shares of BCE by 0.7% in the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after buying an additional 20 shares during the period. Camarda Financial Advisors LLC boosted its stake in shares of BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the period. AT Bancorp bought a new stake in shares of BCE during the second quarter worth $149,000. FNY Partners Fund LP bought a new stake in shares of BCE during the first quarter worth $168,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of BCE by 63.9% in the first quarter. Cribstone Capital Management LLC now owns 4,762 shares of the utilities provider’s stock worth $215,000 after buying an additional 1,857 shares during the last quarter. 44.35% of the stock is owned by hedge funds and other institutional investors.

BCE, Inc. (NYSE BCE) traded up 0.26% on Friday, reaching $46.77. 723,681 shares of the company traded hands. The company has a market capitalization of $42.11 billion, a P/E ratio of 18.11 and a beta of 0.36. The company has a 50-day moving average price of $46.24 and a 200-day moving average price of $45.02. BCE, Inc. has a 12 month low of $41.83 and a 12 month high of $48.36.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.65 billion. BCE had a net margin of 12.85% and a return on equity of 21.08%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. Equities research analysts expect that BCE, Inc. will post $2.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 15th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from BCE’s previous quarterly dividend of $0.53. This represents a $2.30 annualized dividend and a yield of 4.92%. BCE’s dividend payout ratio (DPR) is currently 87.30%.

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A number of brokerages have recently commented on BCE. BidaskClub raised shares of BCE from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, August 7th. Barclays PLC upped their target price on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Argus began coverage on shares of BCE in a report on Tuesday, July 18th. They issued a “hold” rating for the company. Finally, Canaccord Genuity set a $60.00 target price on shares of BCE and gave the company a “hold” rating in a report on Tuesday, May 16th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BCE has an average rating of “Buy” and an average target price of $55.80.

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)




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