Allred Capital Management LLC Acquires New Stake in BCE Inc. (BCE)

Allred Capital Management LLC acquired a new position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,891 shares of the utilities provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sontag Advisory LLC bought a new stake in BCE during the fourth quarter worth about $30,000. Pennsylvania Trust Co bought a new position in shares of BCE in the first quarter worth about $396,000. Proficio Capital Partners LLC lifted its holdings in shares of BCE by 145.0% in the fourth quarter. Proficio Capital Partners LLC now owns 990 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 586 shares during the last quarter. Liberty Wealth Management LLC bought a new position in shares of BCE in the fourth quarter worth about $41,000. Finally, Cutler Group LP bought a new position in shares of BCE in the fourth quarter worth about $43,000. 43.90% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on BCE. 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 target price for the company in a report on Friday, March 8th. Zacks Investment Research cut shares of BCE from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, National Bank Financial cut shares of BCE from an “outperform” rating to a “sector perform” rating in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $50.25.

BCE stock opened at $45.38 on Wednesday. The stock has a market capitalization of $40.79 billion, a PE ratio of 16.75, a P/E/G ratio of 4.88 and a beta of 0.46. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.56 and a quick ratio of 0.51. BCE Inc. has a 12 month low of $38.75 and a 12 month high of $45.65.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, February 7th. The utilities provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.19 billion. BCE had a net margin of 12.30% and a return on equity of 18.87%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, analysts anticipate that BCE Inc. will post 2.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.604 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Thursday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.57. BCE’s dividend payout ratio (DPR) is 87.82%.

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About BCE

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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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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