BCE, Inc. $BCE Shares Sold by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC decreased its holdings in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 7.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,491 shares of the utilities provider’s stock after selling 800 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in BCE were worth $210,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Cardinal Point Capital Management ULC raised its holdings in BCE by 3.0% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 65,067 shares of the utilities provider’s stock worth $1,440,000 after purchasing an additional 1,866 shares during the period. Cullen Frost Bankers Inc. increased its stake in BCE by 2,459.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock worth $32,000 after buying an additional 1,402 shares in the last quarter. Probity Advisors Inc. increased its stake in BCE by 37.8% during the 2nd quarter. Probity Advisors Inc. now owns 21,045 shares of the utilities provider’s stock worth $467,000 after buying an additional 5,771 shares in the last quarter. Lorne Steinberg Wealth Management Inc. increased its stake in BCE by 4.0% during the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 180,623 shares of the utilities provider’s stock worth $4,009,000 after buying an additional 6,927 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in BCE by 11.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 74,610 shares of the utilities provider’s stock worth $1,651,000 after buying an additional 7,926 shares in the last quarter. Institutional investors and hedge funds own 41.46% of the company’s stock.

BCE Trading Down 0.2%

Shares of BCE stock opened at $23.81 on Friday. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 82.09, a PEG ratio of 4.05 and a beta of 0.63. BCE, Inc. has a fifty-two week low of $20.28 and a fifty-two week high of $33.22. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.57 and a current ratio of 0.61. The stock has a 50 day moving average of $24.04 and a 200 day moving average of $23.08.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $5.91 billion. BCE had a return on equity of 18.89% and a net margin of 1.96%.The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. BCE has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, research analysts predict that BCE, Inc. will post 1.94 earnings per share for the current year.

BCE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, September 15th. BCE’s dividend payout ratio is presently 437.93%.

Analysts Set New Price Targets

Several equities research analysts have commented on BCE shares. CIBC reiterated a “neutral” rating on shares of BCE in a research note on Friday, August 22nd. Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $35.00 to $37.00 in a research note on Wednesday, October 15th. National Bankshares restated an “outperform” rating on shares of BCE in a research report on Friday, August 15th. Weiss Ratings restated a “sell (d+)” rating on shares of BCE in a research report on Friday. Finally, TD Securities upgraded BCE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.50.

BCE Profile

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.