Keybank National Association OH lessened its holdings in BCE Inc. (NYSE:BCE) (TSE:BCE) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,569 shares of the utilities provider’s stock after selling 2,944 shares during the quarter. Keybank National Association OH’s holdings in BCE were worth $1,709,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. TD Asset Management Inc. increased its holdings in BCE by 1.6% in the 1st quarter. TD Asset Management Inc. now owns 17,747,576 shares of the utilities provider’s stock worth $788,308,000 after buying an additional 274,189 shares during the period. FIL Ltd increased its holdings in BCE by 11.8% in the 1st quarter. FIL Ltd now owns 14,041,935 shares of the utilities provider’s stock worth $623,526,000 after buying an additional 1,487,023 shares during the period. Great West Life Assurance Co. Can increased its holdings in BCE by 1.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 7,931,450 shares of the utilities provider’s stock worth $350,868,000 after buying an additional 149,627 shares during the period. Schafer Cullen Capital Management Inc increased its holdings in BCE by 33.5% in the 2nd quarter. Schafer Cullen Capital Management Inc now owns 4,693,979 shares of the utilities provider’s stock worth $217,284,000 after buying an additional 1,178,936 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in BCE by 18.1% in the 1st quarter. Acadian Asset Management LLC now owns 4,008,367 shares of the utilities provider’s stock worth $177,929,000 after buying an additional 614,130 shares during the period. Institutional investors own 44.02% of the company’s stock.
A number of equities research analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “average” rating and set a $63.00 price objective on shares of BCE in a research note on Friday, August 2nd. Desjardins cut shares of BCE to a “hold” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut shares of BCE from an “overweight” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a research note on Monday, July 8th. Zacks Investment Research raised shares of BCE from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, July 30th. Finally, Barclays reaffirmed an “average” rating and set a $66.00 price objective on shares of BCE in a research note on Sunday, May 5th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. BCE currently has a consensus rating of “Hold” and an average price target of $54.90.
Shares of NYSE:BCE opened at $46.74 on Friday. BCE Inc. has a 1 year low of $38.75 and a 1 year high of $47.14. The firm has a market capitalization of $41.67 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 4.92 and a beta of 0.41. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.57 and a quick ratio of 0.53. The business’s 50 day moving average price is $45.97 and its 200-day moving average price is $44.97.
BCE (NYSE:BCE) (TSE:BCE) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. BCE had a return on equity of 19.15% and a net margin of 12.51%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.90 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that BCE Inc. will post 2.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.601 per share. This is a positive change from BCE’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.14%. BCE’s dividend payout ratio (DPR) is 87.45%.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.
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