Rogers Communications Inc. (NYSE:RCI) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 180.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,131 shares of the Wireless communications provider’s stock after purchasing an additional 221,628 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.06% of Rogers Communications worth $10,560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RCI. Natixis Advisors LLC raised its stake in Rogers Communications by 16.6% during the 3rd quarter. Natixis Advisors LLC now owns 24,948 shares of the Wireless communications provider’s stock worth $1,003,000 after acquiring an additional 3,547 shares in the last quarter. Swiss National Bank raised its stake in Rogers Communications by 0.8% during the 3rd quarter. Swiss National Bank now owns 1,080,000 shares of the Wireless communications provider’s stock worth $43,494,000 after acquiring an additional 8,400 shares in the last quarter. PCJ Investment Counsel Ltd. raised its stake in Rogers Communications by 2.9% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 247,530 shares of the Wireless communications provider’s stock worth $9,952,000 after acquiring an additional 7,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Rogers Communications by 86.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,610,833 shares of the Wireless communications provider’s stock worth $104,965,000 after acquiring an additional 1,211,482 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Rogers Communications during the 3rd quarter worth $716,000. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RCI has been the topic of several research analyst reports. Morgan Stanley initiated coverage on shares of Rogers Communications in a research note on Monday, December 16th. They set an “underweight” rating on the stock. Bank of America downgraded shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Finally, Barclays reissued an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.75.

Rogers Communications Stock Down 1.2 %

Shares of NYSE:RCI opened at $28.29 on Thursday. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.43 and a beta of 0.67. The firm’s 50-day simple moving average is $28.16 and its 200-day simple moving average is $33.53. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. Rogers Communications Inc. has a fifty-two week low of $26.57 and a fifty-two week high of $42.96.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. As a group, equities research analysts predict that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th will be issued a $0.347 dividend. This represents a $1.39 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Monday, March 10th. Rogers Communications’s payout ratio is 59.48%.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.