2 weeks Ago By Defense World Staff
Sei Investments Co. reduced its holdings in shares of BCE Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 7.
9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 113,277 shares of the utilities provider’s stock after selling 9,741 shares during the period. Sei Investments Co.
’s holdings in BCE were worth $2,626,000 at the end of the most recent quarter. A number of other large investors also recently bought and sold shares of BCE. Allworth Financial LP grew its stake in BCE by 217.
6% in the fourth quarter. Allworth Financial LP now owns 1,153 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 790 shares in the last quarter. Blue Trust Inc.
lifted its holdings in shares of BCE by 1,147.3% in the 4th quarter. Blue Trust Inc.
now owns 1,397 shares of the utilities provider’s stock worth $32,000 after buying an additional 1,285 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of BCE by 67.6% during the fourth quarter.
MassMutual Private Wealth & Trust FSB now owns 1,981 shares of the utilities provider’s stock valued at $46,000 after buying an additional 799 shares during the period. Vision Financial Markets LLC purchased a new position in shares of BCE during the fourth quarter valued at $49,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of BCE in the fourth quarter valued at about $59,000.
Hedge funds and other institutional investors own 41.46% of the company’s stock. BCE Stock Up 0.
3 %Shares of NYSE BCE opened at $22.74 on Friday. The stock has a market cap of $20.
96 billion, a P/E ratio of 189.48, a PEG ratio of 4.13 and a beta of 0.
56. The business’s fifty day simple moving average is $23.52 and its 200-day simple moving average is $26.
63. BCE Inc. has a 12-month low of $21.
62 and a 12-month high of $36.17. The company has a current ratio of 0.
62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.26.
BCE (NYSE:BCE – Get Free Report) (TSE:BCE) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.56 EPS 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%. As a group, equities analysts predict that BCE Inc.
will post 1.94 EPS for the current fiscal year. BCE Cuts DividendThe company 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. This represents a $2.
79 annualized dividend and a dividend yield of 12.25%. The ex-dividend date is Friday, March 14th.
BCE’s payout ratio is 2,291.67%. Analyst Ratings ChangesBCE has been the subject of several research reports.
Morgan Stanley started coverage on shares of BCE in a research report on Monday, December 16th. They issued an “underweight” rating for the company. Bank of America lowered BCE from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 14th.
JPMorgan Chase & Co. lowered BCE from a “neutral” rating to an “underweight” rating in a research report on Friday, February 7th. National Bankshares reaffirmed a “sector perform” rating on shares of BCE in a research report on Tuesday, March 11th.
Finally, Barclays reiterated an “underweight” rating on shares of BCE in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.
00.Read Our Latest Stock Analysis on BCEBCE 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.Further ReadingFive stocks we like better than BCEHow to Invest in Insurance Companies: A Guide Archer Aviation’s Africa Deal Could Boost ACHR StockHow is Compound Interest Calculated?Are Short Sellers Wrong About These 3 Semiconductor Stocks?Stock Analyst Ratings and Canadian Analyst RatingsBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?Want to see what other hedge funds are holding BCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BCE Inc.
(NYSE:BCE – Free Report) (TSE:BCE)..
