IHT Wealth Management LLC cut its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,675 shares of the utilities provider’s stock after selling 250 shares during the quarter. IHT Wealth Management LLC’s holdings in BCE were worth $422,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in BCE by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 319,611 shares of the utilities provider’s stock worth $12,941,000 after acquiring an additional 14,868 shares in the last quarter. SG Americas Securities LLC increased its holdings in BCE by 1,649.6% in the 3rd quarter. SG Americas Securities LLC now owns 43,739 shares of the utilities provider’s stock worth $1,772,000 after acquiring an additional 41,239 shares in the last quarter. AXA increased its holdings in BCE by 10.7% in the 3rd quarter. AXA now owns 171,601 shares of the utilities provider’s stock worth $6,953,000 after acquiring an additional 16,600 shares in the last quarter. Janus Henderson Group PLC increased its holdings in BCE by 7.1% in the 3rd quarter. Janus Henderson Group PLC now owns 110,457 shares of the utilities provider’s stock worth $4,473,000 after acquiring an additional 7,325 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in BCE by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 643,283 shares of the utilities provider’s stock worth $26,498,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors own 43.90% of the company’s stock.
Shares of NYSE:BCE traded down $0.01 on Monday, hitting $45.36. 593,500 shares of the company’s stock were exchanged, compared to its average volume of 902,397. The company has a market cap of $40.76 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 4.85 and a beta of 0.46. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 1.18. BCE Inc. has a 12 month low of $38.75 and a 12 month high of $45.65.
BCE (NYSE:BCE) (TSE:BCE) last announced its quarterly earnings results on Thursday, February 7th. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.19 billion. BCE had a return on equity of 18.87% and a net margin of 12.30%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, equities research analysts predict that BCE Inc. will post 2.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.604 dividend. This represents a $2.42 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.57. BCE’s payout ratio is 87.82%.
Several equities research analysts recently issued reports on BCE shares. BMO Capital Markets reissued an “average” rating and issued a $62.00 target price on shares of BCE in a report on Friday, April 5th. Argus raised shares of BCE from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, March 8th. Zacks Investment Research lowered shares of BCE from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, National Bank Financial downgraded BCE from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. BCE presently has an average rating of “Hold” and an average target price of $50.25.
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BCE Company Profile
BCE Inc, a telecommunications and media 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 communications products and services.
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