First Capital Advisors Group LLC. trimmed its position in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,537 shares of the utilities provider’s stock after selling 3,313 shares during the period. First Capital Advisors Group LLC.’s holdings in BCE were worth $353,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Verity & Verity LLC boosted its position in BCE by 1.3% in the 3rd quarter. Verity & Verity LLC now owns 115,840 shares of the utilities provider’s stock valued at $5,424,000 after buying an additional 1,540 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of BCE by 17.0% during the third quarter. Wedbush Securities Inc. now owns 10,502 shares of the utilities provider’s stock worth $492,000 after purchasing an additional 1,523 shares during the last quarter. Cumberland Partners Ltd lifted its position in shares of BCE by 7.3% during the third quarter. Cumberland Partners Ltd now owns 22,686 shares of the utilities provider’s stock worth $1,061,000 after purchasing an additional 1,550 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of BCE by 26.5% during the third quarter. Miller Howard Investments Inc. NY now owns 1,847,313 shares of the utilities provider’s stock worth $86,510,000 after purchasing an additional 386,704 shares during the last quarter. Finally, Howland Capital Management LLC bought a new position in shares of BCE during the third quarter worth about $202,000. 43.02% of the stock is owned by hedge funds and other institutional investors.
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BCE has been the topic of several research reports. National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Canaccord Genuity reiterated a “hold” rating and set a $60.00 price objective on shares of BCE in a research note on Thursday. Zacks Investment Research lowered shares of BCE from a “buy” rating to a “sell” rating in a research note on Wednesday, October 25th. Morgan Stanley dropped their price objective on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded shares of BCE from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $56.83.
BCE, Inc. (NYSE BCE) traded up $0.31 during trading on Friday, hitting $47.45. 793,520 shares of the stock traded hands, compared to its average volume of 675,297. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $42,721.66, a PE ratio of 18.39, a PEG ratio of 5.14 and a beta of 0.34. BCE, Inc. has a twelve month low of $41.83 and a twelve month high of $48.27.
BCE (NYSE:BCE) (TSE:BCE) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.65 billion. BCE had a return on equity of 20.80% and a net margin of 12.78%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 earnings per share. equities research analysts forecast that BCE, Inc. will post 2.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be issued a dividend of $0.558 per share. This represents a $2.23 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Thursday, December 14th. BCE’s payout ratio is 93.50%.
BCE Company Profile
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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