Dynamic Technology Lab Private Ltd Has $1.55 Million Stock Holdings in BCE Inc. (NYSE:BCE)

Dynamic Technology Lab Private Ltd increased its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 43.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,511 shares of the utilities provider’s stock after acquiring an additional 13,470 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in BCE were worth $1,549,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Kingsview Wealth Management LLC lifted its position in shares of BCE by 43.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 10,764 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 3,250 shares during the period. Cerity Partners LLC raised its stake in BCE by 21.3% during the third quarter. Cerity Partners LLC now owns 33,767 shares of the utilities provider’s stock worth $1,175,000 after buying an additional 5,925 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in BCE by 442.8% during the third quarter. Icon Wealth Advisors LLC now owns 16,887 shares of the utilities provider’s stock worth $588,000 after buying an additional 13,776 shares during the last quarter. Intech Investment Management LLC acquired a new position in BCE in the third quarter valued at $262,000. Finally, Ontario Teachers Pension Plan Board boosted its position in BCE by 60.1% during the third quarter. Ontario Teachers Pension Plan Board now owns 67,224 shares of the utilities provider’s stock valued at $2,337,000 after acquiring an additional 25,228 shares during the last quarter. 41.46% of the stock is currently owned by institutional investors.

BCE Price Performance

Shares of BCE opened at $27.01 on Tuesday. The stock has a market cap of $24.64 billion, a P/E ratio of 385.86, a P/E/G ratio of 4.16 and a beta of 0.59. The business’s fifty day moving average is $31.78 and its 200 day moving average is $33.11. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.26. BCE Inc. has a 12-month low of $26.45 and a 12-month high of $41.77.

BCE Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.737 per share. This is a boost from BCE’s previous quarterly dividend of $0.73. This represents a $2.95 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s dividend payout ratio (DPR) is currently 4,228.57%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BCE. BMO Capital Markets lifted their price objective on BCE from $48.00 to $51.00 and gave the stock a “market perform” rating in a research report on Thursday, September 19th. Canaccord Genuity Group reissued a “hold” rating on shares of BCE in a research note on Tuesday, November 5th. Canaccord Genuity Group downgraded shares of BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Barclays reduced their price target on shares of BCE from $34.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

BCE Company 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.