Quantbot Technologies LP Buys Shares of 12,384 BCE Inc. (NYSE:BCE)

Quantbot Technologies LP acquired a new position in shares of BCE Inc. (NYSE:BCEFree Report) (TSE:BCE) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,384 shares of the utilities provider’s stock, valued at approximately $473,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of BCE by 10.0% in the 1st quarter. American Century Companies Inc. now owns 4,217 shares of the utilities provider’s stock valued at $234,000 after purchasing an additional 382 shares during the last quarter. BlackRock Inc. raised its stake in BCE by 10.1% during the 1st quarter. BlackRock Inc. now owns 555,103 shares of the utilities provider’s stock valued at $30,786,000 after acquiring an additional 50,975 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in BCE by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,908 shares of the utilities provider’s stock valued at $9,479,000 after acquiring an additional 963 shares during the last quarter. Aviva PLC raised its stake in BCE by 30.1% during the 1st quarter. Aviva PLC now owns 117,587 shares of the utilities provider’s stock valued at $6,528,000 after acquiring an additional 27,239 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in BCE by 7.8% during the 1st quarter. Cetera Investment Advisers now owns 36,080 shares of the utilities provider’s stock valued at $2,001,000 after acquiring an additional 2,616 shares during the last quarter. 42.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. TD Securities downgraded BCE from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their target price on BCE from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, October 18th. Finally, Canaccord Genuity Group raised BCE from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.00.

View Our Latest Report on BCE

BCE Stock Performance

BCE opened at $39.39 on Thursday. The stock has a market cap of $35.93 billion, a P/E ratio of 21.76, a P/E/G ratio of 5.30 and a beta of 0.59. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.57 and a quick ratio of 0.52. The stock’s 50 day simple moving average is $40.17 and its 200 day simple moving average is $39.99. BCE Inc. has a 1-year low of $36.15 and a 1-year high of $48.38.

About BCE

(Free Report)

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 three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

See Also

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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