BCE, Inc. (BCE) Stake Maintained by Advisory Research Inc.
Advisory Research Inc. held its position in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,336 shares of the utilities provider’s stock at the close of the 2nd quarter. Advisory Research Inc.’s holdings in BCE were worth $369,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Camarda Financial Advisors LLC raised its holdings in shares of BCE by 0.5% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 16 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of BCE by 0.7% in the 1st quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 20 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of BCE by 0.5% in the 2nd quarter. Park Avenue Securities LLC now owns 7,206 shares of the utilities provider’s stock valued at $326,000 after purchasing an additional 34 shares in the last quarter. Tdam USA Inc. raised its holdings in shares of BCE by 0.9% in the 2nd quarter. Tdam USA Inc. now owns 11,787 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 100 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of BCE by 1.3% in the 2nd quarter. Nationwide Fund Advisors now owns 12,614 shares of the utilities provider’s stock valued at $568,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 42.74% of the company’s stock.
BCE, Inc. (BCE) opened at 47.35 on Friday. BCE, Inc. has a 12 month low of $41.83 and a 12 month high of $48.27. The stock has a 50 day moving average of $47.36 and a 200-day moving average of $45.96. The stock has a market cap of $42.63 billion, a P/E ratio of 17.76 and a beta of 0.35.
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 Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.65 billion. BCE had a net margin of 12.85% and a return on equity of 21.08%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. On average, equities analysts forecast that BCE, Inc. will post $2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 15th will be issued a $0.575 dividend. This is a boost from BCE’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, September 14th. This represents a $2.30 annualized dividend and a yield of 4.86%. BCE’s dividend payout ratio (DPR) is 93.44%.
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Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of BCE from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Morgan Stanley reduced their price target on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, October 4th. Barclays PLC boosted their price target on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Finally, Argus assumed coverage on shares of BCE in a report on Tuesday, July 18th. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $56.83.
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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