Guyasuta Investment Advisors Inc. Has $20.45 Million Holdings in BCE Inc. (NYSE:BCE)

Guyasuta Investment Advisors Inc. lowered its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 601,831 shares of the utilities provider’s stock after selling 1,676 shares during the period. BCE makes up approximately 1.4% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 24th biggest position. Guyasuta Investment Advisors Inc. owned about 0.07% of BCE worth $20,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC lifted its position in shares of BCE by 147.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,744 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 1,040 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of BCE by 660.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 387,653 shares of the utilities provider’s stock valued at $14,797,000 after purchasing an additional 336,645 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of BCE by 51.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,571 shares of the utilities provider’s stock valued at $442,000 after purchasing an additional 3,933 shares during the period. Bank of Nova Scotia grew its stake in shares of BCE by 4.5% in the 3rd quarter. Bank of Nova Scotia now owns 15,198,064 shares of the utilities provider’s stock valued at $580,173,000 after purchasing an additional 661,255 shares during the period. Finally, Bank of Nova Scotia Trust Co. grew its stake in shares of BCE by 9.4% in the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 875,422 shares of the utilities provider’s stock valued at $33,415,000 after purchasing an additional 74,919 shares during the period. Institutional investors and hedge funds own 41.46% of the company’s stock.

BCE Trading Down 0.0 %

BCE traded down $0.01 during mid-day trading on Friday, reaching $32.38. The stock had a trading volume of 1,666,299 shares, compared to its average volume of 2,337,237. The stock has a market capitalization of $29.54 billion, a P/E ratio of 22.49, a P/E/G ratio of 5.15 and a beta of 0.57. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.57 and a current ratio of 0.61. The firm’s fifty day simple moving average is $33.50 and its two-hundred day simple moving average is $36.03. BCE Inc. has a 52 week low of $31.82 and a 52 week high of $46.02.

BCE (NYSE:BCE) (TSE:BCE) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.47 billion. BCE had a return on equity of 16.86% and a net margin of 7.53%. On average, equities analysts predict that BCE Inc. will post 2.2 EPS for the current year.

BCE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be paid a $0.738 dividend. This represents a $2.95 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date is Friday, June 14th. BCE’s dividend payout ratio (DPR) is currently 201.39%.

Analyst Ratings Changes

BCE has been the topic of several analyst reports. BMO Capital Markets upped their price objective on BCE from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Wednesday, June 12th. Barclays lowered their price objective on BCE from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Argus lowered BCE from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, CIBC upgraded BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, BCE presently has a consensus rating of “Hold” and a consensus price target of $49.25.

BCE Profile

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.