1 week Ago By Defense World Staff
JPMorgan Chase & Co. trimmed its stake in BCE Inc. ( NYSE:BCE – Free Report ) (TSE:BCE) by 78.
4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790,028 shares of the utilities provider’s stock after selling 2,867,505 shares during the period. JPMorgan Chase & Co.
owned 0.09% of BCE worth $18,313,000 at the end of the most recent reporting period. Other institutional investors also recently bought and sold shares of the company.
Mufg Securities Canada LTD. increased its position in BCE by 72.0% in the fourth quarter.
Mufg Securities Canada LTD. now owns 1,393,086 shares of the utilities provider’s stock worth $32,270,000 after buying an additional 583,366 shares in the last quarter. Congress Wealth Management LLC DE grew its stake in shares of BCE by 22.
1% during the 4th quarter. Congress Wealth Management LLC DE now owns 20,356 shares of the utilities provider’s stock valued at $472,000 after acquiring an additional 3,690 shares during the period. Vanguard Group Inc.
increased its holdings in BCE by 2.7% in the 4th quarter. Vanguard Group Inc.
now owns 15,878,904 shares of the utilities provider’s stock worth $368,073,000 after acquiring an additional 411,911 shares in the last quarter. Guardian Partners Inc. bought a new stake in BCE during the 4th quarter worth approximately $7,504,000.
Finally, Hillsdale Investment Management Inc. lifted its holdings in BCE by 594.6% during the fourth quarter.
Hillsdale Investment Management Inc. now owns 64,041 shares of the utilities provider’s stock valued at $1,483,000 after purchasing an additional 54,821 shares in the last quarter. 41.
46% of the stock is owned by institutional investors. Wall Street Analyst Weigh In BCE has been the subject of a number of analyst reports. National Bank Financial raised shares of BCE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd.
National Bankshares reiterated a “sector perform” rating on shares of BCE in a research note on Tuesday, March 11th. Bank of America downgraded BCE from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 14th. Morgan Stanley started coverage on BCE in a research report on Monday, December 16th.
They set an “underweight” rating for the company. Finally, Barclays reissued an “underweight” rating on shares of BCE in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.00.
BCE Stock Performance NYSE BCE opened at $21.31 on Friday. The company has a debt-to-equity ratio of 2.
26, a current ratio of 0.62 and a quick ratio of 0.60.
BCE Inc. has a 1-year low of $20.28 and a 1-year high of $36.
17. The business has a 50 day simple moving average of $23.12 and a two-hundred day simple moving average of $25.
95. The stock has a market capitalization of $19.64 billion, a PE ratio of 177.
54, a P/E/G ratio of 4.13 and a beta of 0.56.
BCE ( NYSE:BCE – Get Free Report ) (TSE:BCE) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
53 by $0.03. BCE had a net margin of 0.
99% and a return on equity of 17.89%. On average, research analysts predict that BCE Inc.
will post 1.94 EPS for the current fiscal year. BCE Cuts Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders of record on Friday, March 14th will be issued a $0.6965 dividend. The ex-dividend date is Friday, March 14th.
This represents a $2.79 dividend on an annualized basis and a dividend yield of 13.08%.
BCE’s dividend payout ratio (DPR) is presently 2,291.67%. BCE Company Profile ( Free Report ) BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada.
The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers. Featured Stories Five stocks we like better than BCE What is a Dividend King? JPMorgan is a Buy, if You Can Handle The Volatility How to Use High Beta Stocks to Maximize Your Investing Profits United States Steel’s Crash: An Unmissable Buying Opportunity 2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Rocket Lab Stock: Weathering the Storm, Time for a Comeback? Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.
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